In a record transaction, Arkade Group has closed a transaction for the sale of four flats at Darshan Apartments in Vile Parle (East) at a record price in the suburban area. Each flat measuring 1461 sq ft has been sold at a record price of Rs 55,000 per sq ft. Arkade Group, which is developing its fifth Project in the Vile Parle area, has sold four flats measuring 58,44 sq. ft at Rs 32.14 crore.
The transaction has taken place at Darshan by Arkade at Hanuman Road, bang opposite Chintamani Parshwanath Jain Temple on the Western Suburbs. This is one of the highest transactions in this area, according to available data. The registration of documents took place on 12th December 2022 at Andheri-4 Sub Registrar’s Office. The transacted price is for the ready procession with OC apartments and where in buyer has chosen to furnish his own apartment. The cultural heritage of Maharashtrians, Marwadi, and Gujarati communities in the area led to high premium for the locality.
The property has been registered in the name of the Doshi family of Waree Group, which is one of the biggest manufacturers of Solar panels in the country. Mumbai-based Arkade Group specialises in open space redevelopment and is currently developing a two million sq ft spread across five projects in the city. The group is a well-established developer with 25 years of legacy.
