Arkade Developers Secures ₹700 Crore Redevelopment Deal in Mumbai
Arkade Developers, a leading real estate company, has announced a significant redevelopment project in Mumbai. The project, valued at approximately ₹700 crore, is set to transform the Shree Rani Sati Nagar Co-operative Housing Society Limited, located at SV Road, Malad West, in Northern Mumbai.
The project spans a total plot area of approximately 6,553 square metres. According to the company, the existing members of the Malad society will be provided with a modern residential development aligned with contemporary urban living standards, complete with amenities and upgraded infrastructure. This redevelopment is expected to enhance the quality of life for the residents and contribute positively to the urban landscape of the area.
Arkade Developers has a strong track record in the real estate sector, having successfully completed 31 projects. The company's commitment to quality and innovation is evident in their latest venture. The Development Agreement for this project has been registered, marking a significant milestone in the company's growth and expansion.
In the third quarter, Arkade Developers reported net sales of ₹196.73 crore, a 12.42% decrease from ₹224.62 crore in December 2024. The quarterly net profit also declined by 19.56% from ₹50.08 crore in December 2024 to ₹40.29 crore in December 2025. EBITDA decreased by 17.12% from ₹67.75 crore in December 2024 to ₹56.15 crore in December 2025. Despite these financial challenges, the company remains optimistic about the potential of the new redevelopment project.
When we look at the recent performance of the company's stock, Arkade Developers' shares are trading with a marginal decline of 0.12% today. In the past month, the company's stock price has seen a dip of 2.96%. The current stock price at ₹121.40 is 31.2% lower than its listing price of ₹176 per share. However, the company's focus on high-quality projects and strategic partnerships continues to attract investor interest.
The redevelopment project in Malad West is not just a financial investment but a commitment to improving the living conditions and community infrastructure. Arkade Developers is dedicated to creating sustainable and modern residential spaces that meet the evolving needs of urban residents. This project is expected to set a new standard for redevelopment projects in Mumbai and beyond.
In conclusion, Arkade Developers' ₹700 crore redevelopment project in Malad West, Mumbai, represents a significant step forward in the company's growth strategy. With a focus on modern amenities and upgraded infrastructure, this project is poised to enhance the quality of life for the residents and contribute to the urban development of the region.
