Arkade Developers has expanded its presence in western Mumbai by launching three new redevelopment projects in Mumbai micro markets. Together, Arkade Developers will be working on reconstruction projects in Andheri East, Malad West, and Borivali West covering 20,232 square meters, which is about 5 acres. Nearly 5.85 lakh square feet of carpet are expected to be sold, bringing in an estimated Rs 2150 crore in revenue.
The Arkade Developer's new project in Mumbai includes one in Andheri East, which is close to the Western Express highway. Boasting a land area of 6,811 square meters, the saleable carpet area of the project will be 1.29 lakh square feet, and Rs 527 crore is expected in revenue.
Another Arkade new project address is in Malad West, spanning over 6,337 square meters and offering 2.12 lakh square feet of saleable carpet area with a possible revenue of Rs 758 crores.
The third and largest development is a cluster of 4 societies situated in Borivali West. This Arkade New Launch cluster will span over 7,084 square meters, offering a projected saleable carpet area of 2.44 lakh square feet and a potential turnover of Rs 865 crore.
Amit Jain, CMD, of Arkade Developers, stated, “Redevelopment is an important part of the Mumbai real estate growth journey and is the brand’s forte in the ever-evolving Mumbai skyline. We received OC for our luxury property Arkade Aura in Santacruz West one year ahead of the committed RERA date, which is a testament to our efforts. We have more than eight ongoing projects in Mumbai.”
The company has also acquired a 16,200 sq meters (four-acres approx) land area in Goregaon West, Mumbai, for pricing of Rs 165 Cr, from Aspen Properties and Kamanwala Housing Construction. The stamp duty for the property of Rs 9.9 crore has been paid and is currently leased to Filmistan.
With 38+ years of legacy in the real estate industry, in 2024, Arkade Developers launched 6 projects and these Arkade ongoing projects in Mumbai are Arkade Nest, Arkade Eden, Arkade Pearl, Arkade Vistas, Arkade Views, and Arkade Rare, across Mumbai’s Eastern & Western Suburbs.
Arkade Developers has so far received three OCs for the redevelopment projects in the western suburbs, such as Arkade Crown, Arkade Aspire, and Arkade Aura, ahead of schedule in FY2024–25.
Get More Details on Arkade's Ongoing Projects in Mumbai
Arkade Rare Bhandup (W) , Arkade Nest Mulund (W) , Arkade Pearl Vile Parle (E)
Arkade Prime Andheri (E) , Arkade Views Goregaon (E) , Arkade Vistas Goregaon (E)
Arkade Eden Malad (W) , Arkade Crown Borivali (W) , Arkade Aura Santacruz (W)