Arkade Developers Acquires 14,363 sq m Land in Mumbai’s Bhandup for ₹148 Crore
Mumbai-based developer Arkade Developers has purchased a 14,363 sq m land parcel in Bhandup, Mumbai, for ₹148 crore, further expanding its presence in the Mumbai Metropolitan Region (MMR).
Real EstateMumbaiLand AcquisitionArkade DevelopersBhandupReal Estate MumbaiSep 03, 2025
The company has entered into a Memorandum of Understanding (MoU) to acquire a 100% shareholding in Woollen and Textile Industries Ltd. This acquisition includes a land parcel measuring 14,363.60 sq metres located in Bhandup (West). The total consideration for the deal is ₹148 crore.
So far, Arkade Developers has completed 31 projects totalling 5 million square feet and is currently constructing another 2 million square feet. The company is known for its legacy of trust, timely delivery, and quality construction.
“This proposed acquisition underlines Arkade Developers’ vision of creating value-driven developments at strategic locations. 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,” said Amit Jain, CMD of Arkade Developers.
The company continues to strengthen its presence in the MMR’s central corridor with landmark developments such as Arkade Earth in Kanjurmarg (4 acres), Arkade Nest in Mulund (2 acres), and Arkade Rare in Bhandup (3 acres). It also recently announced a strategic entry into the Thane market with a 6.28-acre land acquisition.
On August 19, Arkade Developers announced the acquisition of naming and branding rights for the Bangur Nagar Metro Station in Goregaon. The station will now be called Arkade Bangur Nagar Metro Station. Located on the Metro Line 2A corridor between Dahisar and Andheri, the Bangur Nagar Metro station in Goregaon West is a key hub for daily commuters and the area’s growing residential population.
Arkade Developers has also set its sights on the second homes market in the Karjat-Neral belt near Mumbai, with launches priced at ₹50 lakh to ₹1 crore. This strategic move aims to cater to the increasing demand for weekend and vacation homes in the region.
With these acquisitions and developments, Arkade Developers is solidifying its position as a leading player in the Mumbai real estate market, focusing on creating high-quality, value-driven projects that contribute to the urban transformation of the region.
Frequently Asked Questions
What is the size of the land parcel acquired by Arkade Developers in Bhandup?
Arkade Developers has acquired a land parcel measuring 14,363.60 sq metres in Bhandup, Mumbai.
How much did Arkade Developers pay for the land in Bhandup?
Arkade Developers paid ₹148 crore for the 14,363.60 sq metre land parcel in Bhandup.
What other areas in the MMR is Arkade Developers developing?
Arkade Developers is developing projects in various areas of the MMR, including Kanjurmarg, Mulund, Bhandup, and Thane.
What is the significance of the Bangur Nagar Metro Station for Arkade Developers?
Arkade Developers has acquired the naming and branding rights for the Bangur Nagar Metro Station in Goregaon, which is a key hub for daily commuters and the area’s growing residential population.
What is Arkade Developers' strategy for the Karjat-Neral belt?
Arkade Developers is targeting the second homes market in the Karjat-Neral belt near Mumbai with launches priced at ₹50 lakh to ₹1 crore.
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