Arkade Developers Limited, a listed entity, acquires redevelopment rights of a strategically located society in Bangur Nagar, Goregaon West. Spread across 1.1 acres, the site offers a RERA saleable area of approx. 86,000 sq. ft and an estimated revenue potential of Rs 350 crores. The project will feature a mix of residential and commercial spaces, further strengthening its footprint in the Western suburbs.
This marks the company’s 5th acquisition in the Goregaon- Malad micro-market in recent times. Furthermore, Arkade Developers has 4 completed and 3 ongoing projects within this residential belt.
The upcoming development is designed to offer thoughtfully planned homes with a configuration mix of 2 and 3 BHK’s. Strategically positioned with excellent connectivity and robust social infrastructure, this project adds significant value to Arkade Developers’ growth strategy in Mumbai’s western market.
Amit Jain, Chairman and Managing Director, Arkade Developers Limited, said, “Our foray into yet another society redevelopment project in Goregaon reaffirms Arkade’s strong and growing footprint in this vital Mumbai suburb. We understand Goregaon’s unique pulse and potential, having successfully delivered transformative projects in the area in the past. This latest acquisition aligns with our vision to create vibrant, future-ready spaces that add enduring value for homeowners, commercial users and the wider community.”
Arkade Developers is a leading luxury real estate developer in Mumbai and is listed on both the exchanges, BSE (544261) and NSE (ARKADE). With a rich legacy spanning over 39 years, the company made a significant mark in the Mumbai real estate sector, having developed over 5.5 million square feet of property, with an additional 2+ million square feet currently under construction.
