Arkade Developers Secures ₹1,700 Crore Cluster Redevelopment Project in Mumbai's Dahisar
Listed real estate developer Arkade Developers has announced the acquisition of a 6.5-acre land parcel in Dahisar, Mumbai, for a cluster redevelopment project with a gross development value of ₹1,700 crore.
Real EstateRedevelopmentMumbaiArkade DevelopersDahisarReal EstateFeb 12, 2025
On February 12, 2025, the company announced the acquisition of a 6.5-acre land parcel in Dahisar East, which is set to be redeveloped into a luxury residential project.
The project, known as the Anand Nagar Society redevelopment, will cover a plot area of 26,286 square meters and is projected to generate a gross development value (GDV) of ₹1,700 crore.
The total saleable area of the project is approximately 6.76 lakh sq ft.
This acquisition marks a significant milestone for Arkade Developers as it continues to expand its footprint in the Mumbai metropolitan region (MMR) and strengthen its position in the real estate sector.
Dahisar, a fast-growing micro-market on the northern tip of Mumbai, is strategically located near key transport hubs such as Dahisar Station, Anand Nagar Metro Station, and the Western Express Highway.
Amit Jain, the Chairman and Managing Director of Arkade Developers, commented on the opportunity.
He stated, 'The real estate sector is experiencing positive momentum, fueled by the 2025 union budget and its focus on housing and rental market growth.
This favorable environment has spurred Arkade Developers to acquire five new projects this year—four redevelopment and one outright project, strategically located in all prime MMR regions.' Jain also noted that the company has received four occupation certificates (OCs) ahead of the committed Real Estate Regulatory Authority (RERA) schedules.
The project will develop two-, three-, and four-bedroom luxury residences, offering residents a modern and luxurious living experience.
The company is committed to delivering high-quality, sustainable, and innovative housing solutions in line with the growing demand for premium properties in Mumbai.
Redevelopment continues to be a significant trend in Mumbai’s real estate market.
In January 2025, Arkade Developers announced the acquisition of a 4-acre land parcel in Goregaon West, which has been leased to Filmistan Pvt Ltd and has a projected revenue of ₹2,000 crore.
Other major players in the market, such as IPO-bound Kalpataru Limited, have also been active.
Kalpataru recently inked agreements to redevelop two housing societies covering an area of 7.37 acres in the eastern suburb of Chembur and the western suburb of Goregaon, with a revenue potential of ₹2,000 crore.
Real estate developer Mahindra Lifespaces announced on February 3, 2025, that it had secured a ₹950 crore deal to redevelop three housing societies in Mumbai's Lokhandwala and Andheri areas.
Additionally, earlier this month, Raymond Ltd partnered with a landowner to develop a housing project in Mumbai with an estimated revenue potential of ₹1,800 crore.
These developments highlight the growing interest and investment in the Mumbai real estate market, particularly in the redevelopment sector.
The favorable regulatory environment, as well as the increasing demand for modern and sustainable housing solutions, are driving this growth.
Arkade Developers is well-positioned to capitalize on these opportunities and continue its expansion in the region.
Frequently Asked Questions
What is the total area of the land parcel acquired by Arkade Developers in Dahisar?
The land parcel acquired by Arkade Developers in Dahisar, Mumbai, spans 6.5 acres.
What is the projected gross development value (GDV) of the Anand Nagar Society redevelopment project?
The projected gross development value (GDV) of the Anand Nagar Society redevelopment project is ₹1,700 crore.
What is the total saleable area of the redevelopment project?
The total saleable area of the redevelopment project is approximately 6.76 lakh sq ft.
Who is the Chairman and Managing Director of Arkade Developers?
Amit Jain is the Chairman and Managing Director of Arkade Developers.
What other significant projects has Arkade Developers acquired in 2025?
In addition to the Dahisar project, Arkade Developers has also acquired a 4-acre land parcel in Goregaon West, which has been leased to Filmistan Pvt Ltd.
Related News Articles
Arvind SmartSpaces Ltd Sees Impressive Growth with 49% YoY Increase in Bookings
Arvind SmartSpaces Limited announces its Q1 FY25 financial results, boasting a 49% YoY growth in bookings and a 21% increase in collections.
PCMC Contract Worker Arrested in Bribery Case: Water Inspector Remains at Large in Pune
In a significant development, a PCMC contract worker has been arrested in a bribery case, while the water inspector remains on the run. The incident has raised concerns about corruption in public services in Pune, a city known for its rapid growth in real
Country Garden's Sales Decline Deepens in January, Adding to Troubles
Country Garden, one of China's largest real estate developers, has reported a significant drop in sales for January, exacerbating the company's ongoing challenges in the volatile property market.
Alt, the Holding Company for Property Share, to Raise Rs 2.8K Cr in New Funding
Mumbai: Alt, the holding company for Property Share, a leading platform in fractional real estate ownership, is set to raise Rs 2.8K crore. This move is expected to further boost the company's market presence and expand its innovative real estate solution
Pune Real Estate: Property Registrations Decline but Stamp Duty Collections Remain Stable
Pune's real estate market witnessed an 8% Year-on-Year decline in property registrations in January 2025, with a total of 16,330 properties registered. Despite this, stamp duty collections remained steady at ₹590 crore.
Good News! State Government Plans Cancer Hospital in Pune Amid Growing Patients
The state government has announced plans to build a specialized cancer hospital in Pune, a city with a rapidly growing population and increasing number of cancer patients. This move is expected to significantly enhance healthcare services and provide much