Arkade Developers Limited has informed the Exchange regarding a press release dated March 25, 2026, titled "Business Updates".
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Arkade Developers has launched a new luxury residential project called 'Arkade Evoke' in Goregaon West, Mumbai. The project has a Gross Development Value (GDV) of ₹230 crores and spans 1.09 acres, offering premium 2 and 3 BHK homes. This marks the company's 8th residential development in the Goregaon-Malad corridor, reinforcing its focus on well-connected western suburbs of Mumbai. The company cited an 'overwhelming' buyer response despite challenging market conditions. The project benefits from proximity to the Arkade Bangur Nagar metro station, which supports residential demand in the area.
The ₹230 crore project launch adds to Arkade's development pipeline and strengthens its presence in a key Mumbai micro-market. Positive launch response could support future bookings and revenue visibility, though execution and sales velocity will determine actual financial impact.