Intimation of Business Updates
ARKADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Arkade Developers has announced acquisition of cluster redevelopment rights for 9 societies in Kandivali East, Mumbai. The project spans ~3 acres with a saleable RERA carpet area of ~325,000 sq. ft. and projected Gross Development Value (GDV) of approximately ₹1,100 crore. This is described as among the most significant redevelopment initiatives in Kandivali East, featuring premium residences with modern amenities. The company, led by Chairman and MD Amit Jain, sees this as reinforcing growth momentum while expanding footprint across MMR (Mumbai Metropolitan Region). Kandivali East benefits from strong connectivity via Western Express Highway, Metro Line 2A, and proximity to key commercial hubs.
The ₹1,100 crore project represents a substantial pipeline addition for Arkade, likely exceeding 5% of annual revenues for a mid-sized real estate developer, signaling strong growth prospects and execution visibility for shareholders.