Arkade Developers Acquires 14,364 sq m Land in Mumbai for Rs 148 Cr
Mumbai-based real estate firm Arkade Developers has acquired a 14,364 sq metre land plot in Bhandup (West) for Rs 148 crore. The company plans to construct an additional 2 million sq ft area, expanding its already robust portfolio of 5 million sq ft completed projects.
Real EstateLand AcquisitionMumbaiArkade DevelopersConstructionReal Estate MumbaiSep 03, 2025
The proposed acquisition includes a land parcel measuring 14,363.60 sq metres located in Bhandup (West). The total consideration for the deal is Rs 148 crore, as stated in a regulatory filing by the company.
Arkade Developers has a strong track record in the real estate sector, having completed 31 projects comprising 5 million square feet of area. The company is currently constructing another 2 million sq ft area, further solidifying its position as one of the leading real estate firms in the country.
Mumbai-based Arkade Developers is known for its commitment to quality and innovation in the real estate market. The company's recent acquisition is a strategic move to expand its footprint in the rapidly growing Mumbai Metropolitan Region, which is a key hub for residential and commercial development.
This acquisition is expected to bolster Arkade Developers' portfolio and enhance its ability to meet the growing demand for high-quality real estate in Mumbai. The company's focus on sustainable and modern development practices aligns with the evolving needs of the market, ensuring that it remains a top choice for homebuyers and investors alike.
Frequently Asked Questions
What is the size of the land acquired by Arkade Developers in Bhandup (West)?
The land acquired by Arkade Developers in Bhandup (West) measures 14,363.60 sq metres.
How much did Arkade Developers pay for the land in Bhandup (West)?
Arkade Developers paid Rs 148 crore for the land in Bhandup (West).
What is the total area of projects completed by Arkade Developers so far?
Arkade Developers has completed 31 projects comprising 5 million square feet of area.
What is Arkade Developers currently constructing?
Arkade Developers is currently constructing an additional 2 million sq ft area.
Why is the Mumbai Metropolitan Region (MMR) significant for real estate development?
The Mumbai Metropolitan Region (MMR) is significant for real estate development due to its rapid growth, high demand for residential and commercial spaces, and strategic location as a key economic hub.
Related News Articles
Mumbai's Real Estate Conundrum: A Barrier to Startup Growth
High real estate costs in Mumbai are hindering the growth of startups, says Milind Deora, a member of the Indian National Congress.
ASK Property Fund and India Sotheby’s International Realty Launch Luxury Real Estate Fund
ASK Property Fund and India Sotheby’s International Realty (ISIR) have joined hands to launch the ASK Curated Luxury Assets Fund, India’s first luxury real estate investment platform. This strategic collaboration aims to capitalize on the growing demand f
Mumbai Property Registrations See Uptick in February 2025
Mumbai's property market has shown promising growth in February 2025, with a notable rise in property registrations. This surge is a positive indicator of increasing demand in the real estate sector, according to a report by Knight Frank.
Ashiana Amarah: Redefining Kid-Centric Living in Gurugram
Ashiana Housing Ltd., a renowned real estate developer in Gurugram, has introduced a revolutionary project, Ashiana Amarah, designed specifically for families with children. This innovative housing complex aims to provide a safe, engaging, and nurturing e
Telangana RERA Suspends Sales at Delayed Hyderabad Real Estate Project
The Telangana Real Estate Regulatory Authority (TGRERA) has placed a halt on sales at Jayathri Infrastructures' Jaya Diamond project in Hyderabad due to significant delays. This move aims to protect homebuyers and enforce regulatory compliance.
Navi Mumbai International Airport Set to Fuel Real Estate Surge
The average residential property rates in Navi Mumbai have surged by 23 per cent year-on-year (Y-o-Y) in 2024, reaching ₹10,810 per square foot (psf), driven by the impending completion of the Navi Mumbai International Airport (NMIA).