Arkade Developers Limited has informed the Exchange regarding a press release dated May 27, 2026, regarding "Business Updates".
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Arkade Developers Limited has secured cluster redevelopment rights for 9 societies in Kandivali East, Mumbai. The project spans approximately 3 acres with a saleable RERA carpet area of ~325,000 sq. ft. and carries a projected Gross Development Value (GDV) of approximately ₹1,100 crore. The development will feature premium residences in Ashok Nagar, an upscale neighbourhood with strong connectivity via Western Express Highway, suburban rail, and Metro Line 2A. Chairman and Managing Director Amit Jain described the project as reinforcing the company's growth momentum and expansion across the Mumbai Metropolitan Region (MMR).
This is a positive development for Arkade, adding a large project to its pipeline with a ₹1,100 crore GDV, signalling healthy order flow and growth trajectory in the Mumbai real estate market.