Arkade Developers has acquired a 6.5-acre land parcel for the cluster redevelopment of Anand Nagar Society in Dahisar East, a move to significantly transform the area's real estate landscape. The redevelopment project, covering a total plot area of 26,286 square meters, is expected to generate an estimated gross development value (GDV) of approximately Rs 1,700 crores.
The project will offer a total saleable area of approximately 676,000 square feet. It will feature residential and commercial spaces to meet the growing demand for high-quality developments. Dahisar is a fast-growing micro-market, and the project is strategically located near Dahisar Station, Anand Nagar Metro Station and Western Express Highway.
Amit Jain, Chairman and Managing Director of Arkade Developers, said, "The real estate sector is experiencing positive momentum, fueled by the 2025 union budget and its focus on housing and rental market growth. This favourable environment has spurred Arkade Developers by acquiring five new projects this year- four redevelopment and one outright project, strategically located in all prime MMR regions. We have received 4 OCs ahead of the committed RERA schedules, affirming our commitment to efficiency and adherence to timelines that are in line with the principle of Family First, we are optimistic about the projects we have acquired this year and we will develop 2, 3, 4-bedroom luxury residences."
Arkade Developers also acquired a 4-acre land parcel in Goregaon West in January. The parcel is currently leased to Filmistan Pvt. Ltd. and has a projected revenue of Rs 2,000 crore. Arkade Developers added three new redevelopment projects in key micro-markets within the Western Suburbs of Mumbai, developing 20,232 square meters (Approx 5 Acres) across these redevelopment projects located in Andheri East, Malad West and Borivali West. The projected saleable carpet area is approx 5.85 lakh sq. ft, generating a projected turnover of Rs 2150 crore.
Arkade Developers in FY2024-25 received four Occupation Certificates (OCs) ahead of the RERA schedule for its premium projects in the western suburbs, namely Arkade Crown, Arkade Aspire, Arkade Aura, and Arkade Prime. This achievement highlights the company's dedication to timely project delivery and customer satisfaction. With over 650 units created, Arkade Developers has already handed over possessions to more than 450 families in Arkade Aspire and Arkade Crown and is currently handing over homes to approximately 200 families.
