Mumbai-based real estate developer, Arkade Developers Ltd, is set to make a significant impact on Mumbai’s real estate landscape with the announcement of three high-profile redevelopment projects. The company expects to generate a staggering ₹2,150 crore in revenue from these ventures, which are strategically located in prime micro-markets within the western suburbs of Mumbai.
The three projects will cover a combined area of approximately 20,232 square meters, or roughly 5 acres, spread across the high-demand areas of Andheri East, Malad West, and Borivali West. With a projected saleable carpet area of 5.85 lakh square feet, Arkade is poised to meet the growing demand for residential spaces in these bustling neighborhoods. As per the company’s statement, the revenue from these projects will significantly bolster its financial growth trajectory.
Arkade Developers has built a strong reputation in Mumbai’s real estate sector, focusing on redevelopment projects, which are becoming increasingly crucial to meeting the city’s housing needs. Chairman and Managing Director of Arkade Developers emphasized the importance of redevelopment in Mumbai's evolving skyline, stating, “Redevelopment is a crucial part of the Mumbai real estate growth journey and the brand's forte in the ever-evolving Mumbai skyline.”
The announcement comes on the back of Arkade Developers’ recent debut on the stock exchanges, marking a new chapter in its expansion plans. The company’s efforts in redeveloping older properties are expected to not only contribute to the housing stock but also rejuvenate several parts of the city with modern, high-quality residential options. The company is also optimistic about further growth, citing its strong track record of project delivery and the demand for redevelopment services.
“We have a robust pipeline of over 8 upcoming projects across the Mumbai Metropolitan Region (MMR),” said the Chairman, adding that Arkade’s excellent delivery record has led to a growing number of societies partnering with them for redevelopment.
Despite the promising outlook, Arkade Developers’ stock has recently faced some volatility. As of January 6, 2025, the stock is trading at ₹172.29, down by ₹12.59 (-6.81%) for the day.
However, with the upcoming projects and the company’s solid market position, investors remain hopeful that Arkade will see a rebound, driven by the revenue from its ongoing and future developments.
Arkade Developers’ new projects could not come at a better time for the real estate sector in Mumbai, where the demand for residential spaces continues to rise, particularly in well-connected suburban areas. The company's strong focus on redevelopment projects positions it well for future growth, especially as Mumbai’s urban fabric continues to evolve with new residential and commercial developments. As Arkade continues to expand its footprint in the city, its upcoming projects in Andheri East, Malad West, and Borivali West could become pivotal to the company’s long-term success.
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