Arkade Developers Acquires 14,364 Sq Metre Land in Mumbai for ₹148 Crore
Mumbai-based Arkade Developers, a prominent real estate firm, has acquired a 14,364 sq metre land parcel in the Mumbai Metropolitan Region (MMR) for ₹148 crore. The acquisition is part of the company's strategic expansion plans.
Real EstateMumbaiLand AcquisitionArkade DevelopersMmrReal Estate MumbaiSep 03, 2025
In a regulatory filing, the company disclosed that it has entered into a Memorandum of Understanding (MoU) to acquire 100 per cent shareholding in Woollen and Textile Industries Ltd. The acquisition includes a land parcel measuring 14,363.60 sq metres located in Bhandup (West).
The total consideration for the deal is ₹148 crore, which underscores Arkade Developers' investment in prime real estate. This acquisition is expected to bolster the company's presence in the Mumbai market, a key hub for real estate development.
Arkade Developers has a strong track record in the real estate industry. The company has completed 31 projects comprising 5 million square feet of area. Currently, it is constructing an additional 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 innovative and customer-centric approach. The company's focus on quality and timely delivery has earned it a reputation as a trusted name in the real estate sector. This latest acquisition is in line with the company's strategy to leverage strategic locations and capitalize on the growing demand for residential and commercial properties in the MMR.
The acquisition of the Bhandup land parcel is expected to provide Arkade Developers with the opportunity to develop high-quality projects that meet the needs of the local market. The company's expertise in project management and development will ensure that the new projects are completed to the highest standards.
In addition to its existing portfolio, Arkade Developers is exploring other opportunities to expand its footprint in key markets. The company's commitment to sustainable and responsible development practices will continue to guide its growth strategy.
The real estate market in Mumbai and the surrounding regions is witnessing significant growth, driven by factors such as urbanization, economic development, and infrastructure improvements. Arkade Developers is well-positioned to capitalize on these trends and deliver value to its stakeholders.
With this acquisition, the company is poised to strengthen its market position and continue its trajectory of success in the competitive real estate landscape.
Frequently Asked Questions
What is Arkade Developers' latest acquisition?
Arkade Developers has acquired a 14,364 sq metre land parcel in the Mumbai Metropolitan Region (MMR) for ₹148 crore.
Where is the land located?
The land is located in Bhandup (West), a part of the Mumbai Metropolitan Region (MMR).
What is the total consideration for the deal?
The total consideration for the acquisition is ₹148 crore.
How many projects has Arkade Developers completed so far?
Arkade Developers has completed 31 projects comprising 5 million square feet of area.
What is Arkade Developers' strategy for growth?
Arkade Developers' strategy for growth includes leveraging strategic locations, focusing on quality and timely delivery, and exploring opportunities to expand its footprint in key markets.
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