Arkade Developers Launches INR 700 Crore Cluster Redevelopment in Malad West
Arkade Developers, a leading real estate developer with a 39-year legacy in Mumbai, has registered a development agreement for a substantial cluster redevelopment project in Malad West. The project, located along SV Road, spans 6,553 square metres and has a projected Gross Development Value (GDV) of INR 700 crores. This strategic move further cements Arkade's commitment to transforming aging housing stock into modern, future-ready residential communities.
The Shree Rani Sati Nagar Co-operative Housing Society Limited, situated in Malad West, is set to benefit from this redevelopment. The project will deliver modern residential facilities with enhanced amenities and upgraded infrastructure, ensuring a better quality of life for the existing society members. The strategic location along SV Road provides excellent connectivity to key business districts, social infrastructure, and transport corridors in Mumbai's western suburbs.
Project Details and Specifications
The cluster redevelopment project is characterized by its strong fundamentals:
- Project Location: SV Road, Malad West - Total Plot Area: 6,553 square metres - Project Type: Cluster redevelopment - Estimated GDV: INR 700 crores - Society Name: Shree Rani Sati Nagar Co-operative Housing Society Limited
The development will focus on delivering modern residential facilities aligned with contemporary urban living standards, while ensuring enhanced lifestyle amenities and upgraded infrastructure for existing society members.
Management Commentary and Strategic Vision
Commenting on the development, Amit Jain, Chairman & Managing Director of Arkade Developers Limited, emphasized the significance of cluster redevelopment as a core growth driver for the company. He stated, 'This project reinforces our commitment to transforming aging housing stock into future-ready residential communities. The strategic location and scale of Shree Rani Sati Nagar make it a landmark opportunity for creating long-term value.'
Recent Project Portfolio Expansion
This latest development follows the company's recent registration of another redevelopment project in Goregaon West. The comparative project details demonstrate Arkade's active expansion in the western Mumbai market:
- Malad West: - Plot Area: 6,553 square metres - Projected GDV: INR 700 crores
- Goregaon West: - Plot Area: 4,640.60 square metres - Projected GDV: INR 350 crores
With these additions, Arkade Developers continues to build a robust pipeline of redevelopment projects across Western Mumbai, strengthening its presence in the Goregaon-Malad micro market through its execution capabilities, design-led approach, and deep understanding of redevelopment dynamics.
Company Background and Track Record
Arkade Developers brings substantial experience to this project with a legacy spanning over 39 years in Mumbai's real estate sector. The company has established a strong track record with 31 completed projects, creating homes for over 5,500 families. Under the leadership of Chairman and Managing Director Amit Jain, the company has developed over 5.50 million square feet of property, with an additional 2+ million square feet currently under construction.
The company operates under the core philosophy of 'Family First' and maintains values of trust, transparency, commitment, and happiness. Arkade Developers has earned recognition for timely project deliveries and holds a BBB+ credit rating with a Stable outlook from India Ratings, reflecting strong financial fundamentals and consistent cash-flow generation.
Arkade Developers Plans New ₹230 Crore Project Launch This Month
In a further expansion of its portfolio, Arkade Developers has announced the launch of a new real estate project this month, located next to its Jal Ratan Deep development. The new project has an estimated GDV of ₹230 crores, bringing the combined GDV of both projects to ₹580 crores. This strategic expansion demonstrates the company's commitment to growth in the real estate sector.
The new project carries substantial financial implications for the real estate developer, with key parameters outlined below:
- Project Location: Next to Jal Ratan Deep - Estimated GDV: ₹230 crores - Launch Timeline: This month - Combined GDV (Both Projects): ₹580 crores
The decision to develop the new project adjacent to Jal Ratan Deep reflects a strategic approach to real estate development. This proximity-based expansion allows the company to leverage existing infrastructure and market presence in the area. The combined Gross Development Value of both projects totaling ₹580 crores represents a substantial commitment to the real estate market. The timing of the launch this month suggests the company is moving forward with its development plans as scheduled.
