Listed real estate firm Arkade Developers Limited (BSE: 544261 | NSE: ARKADE) has entered into a Memorandum of Understanding to acquire 100% shareholding in Woollen and Textile Industries Ltd, Bhandup West. The proposed acquisition includes a 14,363.60 sq. mtr. land parcel, with a total deal consideration of Rs148 crore.
This marks Arkade’s second acquisition in Bhandup West, reinforcing its strategic expansion across Mumbai’s central corridor. The company has previously launched landmark projects such as Arkade Earth (Kanjurmarg), Arkade Nest (Mulund), and Arkade Rare (Bhandup), and recently announced its entry into the Thane market with a 6.28-acre land acquisition.
“This proposed acquisition underlines Arkade Developers’ vision of creating value-driven developments at strategic locations,” said Mr. Amit Jain, Chairman & Managing Director, Arkade Developers. “With our legacy of trust, timely delivery, and quality construction, we look forward to unlocking the potential of this land parcel and contributing meaningfully to urban transformation.”
Arkade’s growth strategy remains anchored in its ‘Family-First’ philosophy, with a focus on crafting future-ready communities that elevate the skyline while nurturing wholesome living. With over 5.5 million sq. ft. developed and 2+ million sq. ft. under construction, the brand continues to deliver on its promise of quality, transparency, and timely execution.
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