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Arkade Developers Secures Major Cluster Redevelopment Project in Mumbai

Published: May 27, 2026 | Category: Real Estate Mumbai
Arkade Developers Secures Major Cluster Redevelopment Project in Mumbai

Arkade Developers added 1.75% to Rs 124.75 after the company announced that it has acquired the cluster redevelopment rights of 9 societies with a saleable RERA carpet area (CA) of approximately 325,000 square feet in Kandivali, Mumbai.

The upcoming development, which will feature premium residences, is located in the upscale neighborhood of Ashok Nagar, Kandivali East. Spread across over an area of approximately 3 acres, the development has a projected gross development value (GDV) of Rs 1,100 crore.

Kandivali East has rapidly emerged as one of Mumbai's prominent residential destinations, driven by connectivity via the Western Express Highway, suburban rail, and the operational Metro Line 2A. The area also hosts a robust social infrastructure with reputed schools, hospitals, and malls, along with proximity to key commercial hubs in BKC, Malad, Goregaon, and Andheri.

Amit Jain, chairman and managing director of Arkade Developers, said: 'With this new project in Kandivali East, we are delivering a lifestyle experience that reflects our commitment to thoughtful design, sustainability, and community-centric development. This redevelopment rights also reinforces our growth momentum as we continue expanding our footprint across MMR.'

Arkade Developers is a leading luxury real estate developer in Mumbai. The company has developed over 5.5 million square feet of property, with an additional two-plus million square feet currently under construction. The company is known for its focus on premium residential projects and its commitment to sustainable development practices.

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Frequently Asked Questions

1. What is the total saleable RER
carpet area for the new project? A: The new project in Kandivali East has a saleable RERA carpet area of approximately 325,000 square feet.
2. Where is the new development located?
The new development is located in the upscale neighborhood of Ashok Nagar, Kandivali East, Mumbai.
3. What is the projected gross development value (GDV) of the project?
The projected gross development value (GDV) of the project is Rs 1,100 crore.
4. What are the key features of Kandivali East that make it
prominent residential destination? A: Kandivali East is known for its connectivity via the Western Express Highway, suburban rail, and Metro Line 2A. It also boasts a robust social infrastructure with reputed schools, hospitals, and malls, and is close to key commercial hubs like BKC, Malad, Goregaon, and Andheri.
5. What is Arkade Developers' commitment to sustainable development?
Arkade Developers is committed to delivering a lifestyle experience that reflects thoughtful design, sustainability, and community-centric development. They focus on premium residential projects and sustainable practices.