Arkade Developers Eyes Rs 1,700 Crore Revenue from MMR Redevelopment Project
Arkade Developers, a prominent real estate firm, is targeting a significant revenue of Rs 1,700 crore from a redevelopment project in the Mumbai Metropolitan Region (MMR). This ambitious project aims to offer both residential and commercial spaces in Dahi
Arkade DevelopersMmr RedevelopmentReal EstateMumbaiDahisar EastReal Estate MumbaiFeb 13, 2025
The company has recently acquired a 6.5-acre land parcel for the cluster redevelopment of Anand Nagar Society in Dahisar East.
According to the company's regulatory filing, this redevelopment project, spanning an area of 26,286 square meters, is projected to generate a gross development value (GDV) of approximately Rs 1,700 crore.
The project will offer a total saleable area of 6,76,000 square feet, encompassing both residential and commercial spaces.
In January, Arkade Developers further expanded its portfolio by acquiring a 4-acre land parcel in Goregaon West.
This land parcel, currently leased to Filmistan Pvt Ltd, is estimated to generate a projected revenue of Rs 2,000 crore.
These acquisitions are part of the company's strategic move to capitalize on the growing demand for high-quality residential and commercial properties in the MMR.
Founded several years ago, Arkade Developers has a strong track record in the real estate sector.
The company has successfully completed 31 projects, comprising more than 55 lakh square feet of developed area.
Currently, Arkade Developers is engaged in the development of over 20 lakh square feet of area, reflecting its commitment to delivering sustainable and innovative real estate solutions.
The MMR region, known for its strategic location and rapidly growing infrastructure, presents significant opportunities for real estate developers.
Arkade Developers' strategic acquisitions and redevelopment projects are aimed at tapping into this potential and providing residents and businesses with modern, high-quality spaces.
The company's focus on community-centric development and sustainable practices positions it as a key player in the MMR real estate market.
Frequently Asked Questions
What is the projected revenue from Arkade Developers' redevelopment project in Dahisar East?
The projected revenue from Arkade Developers' redevelopment project in Dahisar East is approximately Rs 1,700 crore.
How much land has Arkade Developers acquired for the Anand Nagar Society redevelopment project?
Arkade Developers has acquired a 6.5-acre land parcel for the cluster redevelopment of Anand Nagar Society in Dahisar East.
What is the total saleable area of the Anand Nagar Society redevelopment project?
The total saleable area of the Anand Nagar Society redevelopment project is 6,76,000 square feet, including both residential and commercial spaces.
What other significant land acquisition has Arkade Developers made recently?
In January, Arkade Developers acquired a 4-acre land parcel in Goregaon West, currently leased to Filmistan Pvt Ltd, with a projected revenue of Rs 2,000 crore.
How many projects has Arkade Developers completed so far?
Arkade Developers has completed 31 projects, comprising more than 55 lakh square feet of developed area.
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