Arkade Developers Plans Rs 3,500-4,000 Crore Projects in FY26: A Growth Trajectory
Mumbai-based real estate developer Arkade Developers is set to launch four major projects in FY26, with a combined gross development value (GDV) of Rs 3,500-4,000 crore. The company aims to maintain a 20% compounded annual growth rate (CAGR) despite competition and market challenges.
Real EstateArkade DevelopersMumbaiProperty DevelopmentHousing MarketReal Estate MumbaiMay 25, 2025
We are planning four key project launches this fiscal. The most significant among them is our Filmistan project in Goregaon. This project, which has an estimated GDV of Rs 2,000 crore, is set on a 4-acre land parcel leased to Filmistan Pvt. Ltd. Additionally, we have three redevelopment projects in the pipeline, located in Santacruz West, Goregaon West, and Malad West. Collectively, these four launches are projected to have a GDV in the range of Rs 3,500 to Rs 4,000 crore. Our revenue is expected to grow 20% in FY26, reaching about Rs 850 crore.
FY25 was a year of significant milestones for Arkade. We acquired the legendary 4-acre land parcel in Goregaon, leased to Filmistan Pvt. Ltd., and secured development rights for 17.5 acres in the western suburbs. These acquisitions, located in Andheri, Santacruz, Borivali, Malad, and Dahisar, have a projected GDV of Rs 6,790 crore. Our expansion strategy into the eastern Mumbai suburbs for greenfield projects, alongside a solid pipeline of redevelopment projects in the western suburbs, will serve as key growth drivers. We are leveraging our healthy balance sheet and robust cash flows to align with the market trend towards luxury housing. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory.
Mumbai’s real estate market has become highly competitive, with big players like Adani and Prestige having aggressive pipelines. However, there is enough room for everyone to grow in this market. Not every buyer has a budget of Rs 10 crore and upward. There is a significant demand for 2BHK properties. The redevelopment of old properties is here to stay, with around 20,000 buildings in MMR due for redevelopment. This presents a big opportunity for us and other players. Despite land scarcity in the region, there are many land parcels up for grabs. We are currently in the process of acquiring a major land parcel in Thane and continue to hold talks with other landowners.
Housing sales have been under pressure for the past two quarters, but the slowdown is temporary. The ambition to buy a new house or shift to a bigger home is a fundamental human aspiration. While there are cyclic phases, they do not eliminate the industry's growth as a whole. The cost of construction has significantly increased, driven by higher raw material prices and GST levies. Land prices have also risen. While I do not control the prices, market forces do. When construction costs and land prices come down, property prices may follow. However, the need for homes will always remain, and buyers may turn cautious due to increasing prices.
Overall, Arkade Developers is well-prepared to navigate the competitive landscape and capitalize on the growing demand for quality housing in Mumbai. With a strong portfolio of projects and a strategic focus on both redevelopment and greenfield opportunities, the company is poised for sustained growth in the coming years.
Frequently Asked Questions
What are Arkade Developers' key projects for FY26?
Arkade Developers is planning to launch four key projects in FY26, including the Filmistan project in Goregaon and three redevelopment projects in Santacruz West, Goregaon West, and Malad West. These projects have a combined GDV of Rs 3,500-4,000 crore.
What was Arkade Developers' performance in FY25?
In FY25, Arkade Developers reported a profit growth of 27.7% to Rs 157 crore and a revenue increase of 9.3% to Rs 695 crore. The company also acquired significant land parcels and development rights in the western suburbs of Mumbai.
How does Arkade Developers view the competition in Mumbai's real estate market?
Arkade Developers believes there is enough room for everyone to grow in Mumbai's real estate market. While the market is competitive, there is significant demand for various types of properties, including 2BHK units and redevelopment projects.
What is Arkade Developers' outlook on the housing market slowdown?
Despite the recent slowdown in housing sales, Arkade Developers views it as a temporary phase. The company believes that the fundamental human aspiration to own a home will continue to drive demand in the long term.
How does Arkade Developers expect property prices to behave in the future?
Arkade Developers acknowledges that property prices have increased due to higher construction costs and land prices. While market forces will determine future price movements, the company believes that the demand for homes will remain strong.
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