Arkade Developers Plans Rs 3,500-4,000 Crore Projects in FY26: A Strategic Move in Mumbai’s Real Estate Market
Mumbai-based real estate developer Arkade Developers is set to launch four major projects in the financial year 2026, with a combined gross development value (GDV) of Rs 3,500-4,000 crore. The company is confident of maintaining a 20% compounded annual growth rate (CAGR) in the short to medium term.
Real EstateProperty PricesArkade DevelopersMumbaiRedevelopmentReal EstateMay 25, 2025
We are planning four key project launches this fiscal. The most significant among them is our Filmistan project in Goregaon. 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. We have been achieving a 20% growth historically and anticipate maintaining the same in the years to come. Our revenue is expected to grow by 20% in FY25, reaching about Rs 850 crore.
FY25 marks a year of prominence for Arkade Developers. We acquired the legendary 4-acre land parcel in Goregaon, leased to Filmistan Pvt. Ltd, with an estimated GDV of Rs 2,000 crore. We also secured land parcels and development rights, cumulating to 17.5 acres in western suburbs, with a projected GDV of Rs 6,790 crore, including locations in Andheri, Santacruz, Borivali, Malad, and Dahisar. 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 overall 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 names such as 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. There are 20,000 buildings in MMR which are due for redevelopment. There is a big opportunity for us and other players. Despite land scarcity in the region, there are many land parcels up for grabs. We are 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. However, the slowdown is temporary. The need for housing is a fundamental human aspiration, and the ambition to buy a new house or shift to a bigger home will always be there. There are cyclic phases, but they cannot eliminate the industry’s growth as a whole.
Real estate prices have shot up sharply in recent years. The cost of construction has increased significantly, including raw material prices and the GST levied by government bodies. 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. That being said, buyers may become more cautious due to increasing prices, but the demand for homes will always persist.
Frequently Asked Questions
What are Arkade Developers' key project launches for FY26?
Arkade Developers is planning four major 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 gross development value (GDV) of Rs 3,500-4,000 crore.
What is Arkade Developers' expected growth rate for the next few years?
Arkade Developers is confident of maintaining a 20% compounded annual growth rate (CAGR) in the short to medium term, similar to their growth in FY25.
How does Arkade Developers view the competition in Mumbai’s real estate market?
Despite the entry of big players like Adani and Prestige, Arkade Developers believes there is enough room for everyone to grow. The demand for 2BHK properties and the redevelopment of old buildings provide significant opportunities.
What is Arkade Developers' strategy for growth in the Mumbai real estate market?
Arkade Developers' strategy involves expanding into the eastern Mumbai suburbs for greenfield projects and maintaining a solid pipeline of redevelopment projects in the western suburbs. They are leveraging their healthy balance sheet and robust cash flows to align with the trend towards luxury housing.
What is Arkade Developers' outlook on housing sales and property prices?
Arkade Developers believes the slowdown in housing sales is temporary, driven by cyclic phases. They expect property prices to remain elevated due to increased construction costs and land prices, but the fundamental demand for homes will persist.
Related News Articles
Unlocking $48 Billion in Indian Office Space: The Rise of Fractional Ownership
India's fractional ownership market is expected to exceed $5 billion by 2030
Budget 2024: Reviving Affordable Housing - A Sector in Crisis
The real estate sector is seeking 'high-impact' measures to revive affordable housing, including special schemes, tax breaks, and revised pricing definitions.
Can Urbanization and Nature Coexist? A New Vision for Cities
As cities expand, natural spaces are dwindling. But is it possible to create a symbiosis between urbanization and nature? We explore the possibilities.
Market Sentiment Remains Robust Amidst Fresh IPOs: Anand Tandon
Anand Tandon shares his insights on the current market sentiment, IPOs, and sectors to watch out for.
MahaRERA Orders Developers to Refund Buyers Amid Complaints Over Pending Home Sales
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has taken action against developers in Pune, a region heavily affected by pending home sales. MahaRERA has ordered developers to refund buyers to address the growing complaints.
Tayal Corp: Pioneering Architectural Excellence in Pune's Real Estate Market
Led by Ar. Sumit Tayal, Tayal Corp. is not just another real estate developer; it is a collective of thinkers, visionaries, and problem-solvers. Discover how this innovative company is transforming the landscape of Pune's real estate industry.