Arkade Developers has made a significant move in the real estate sector by acquiring a 6.5-acre land parcel for the redevelopment of the Anand Nagar Society in Dahisar East. This ambitious project is expected to reshape the local real estate landscape, offering a total plot area of 26,286 square meters and a gross development value (GDV) of around Rs 1,700 crores. The initiative aims to meet the increasing demand for high-quality residential and commercial spaces in Dahisar, a rapidly growing micro-market in Mumbai. The location is strategically positioned near key transit points, including Dahisar Station, Anand Nagar Metro Station, and the Western Express Highway, enhancing accessibility for potential residents and businesses.
Amit Jain, Chairman and Managing Director of Arkade Developers, emphasized the positive momentum in the real estate sector, attributing it to the 2025 union budget’s focus on housing and rental market growth. This favorable environment has propelled Arkade Developers to acquire five new projects this year, which includes four redevelopment projects and one outright acquisition, all situated in prime regions of the Mumbai Metropolitan Region (MMR). The company has also successfully received Occupation Certificates (OCs) for four of its projects ahead of the committed RERA schedules, demonstrating its commitment to efficiency and timely project delivery. Arkade Developers plans to develop luxury residences in various configurations, including 2, 3, and 4-bedroom units, appealing to a broad spectrum of homebuyers.
Strategic Acquisitions Enhance Growth Prospects
Arkade Developers has not only focused on the Anand Nagar Society project but has also made strategic acquisitions in other prime locations. Earlier this year, the company acquired a 4-acre land parcel in Goregaon West, leased to Filmistan Pvt. Ltd., with a projected revenue of Rs 2,000 crores. This acquisition complements the company’s strategy to bolster its presence in key micro-markets within Mumbai’s Western Suburbs. Additionally, Arkade Developers has initiated three new redevelopment projects covering approximately 20,232 square meters (about 5 acres) in Andheri East, Malad West, and Borivali West.
The projected saleable carpet area from these projects is around 5.85 lakh square feet, with an anticipated turnover of Rs 2150 crores. These developments not only reflect the company’s robust growth strategy but also its commitment to enhancing the living standards in these neighborhoods. With a clear focus on sustainability and community-building, Arkade Developers is poised to cater to the evolving needs of urban dwellers. The company’s proactive approach in securing prime land parcels positions it well to take advantage of the growing demand for real estate in Mumbai, particularly in suburban regions with excellent connectivity and infrastructure.
Commitment to Timely Project Delivery
In the fiscal year 2024-25, Arkade Developers has achieved significant milestones, having received four Occupation Certificates (OCs) ahead of the RERA schedule for its premium projects: Arkade Crown, Arkade Aspire, Arkade Aura, and Arkade Prime. This accomplishment underscores the company’s unwavering dedication to timely project delivery and customer satisfaction. With over 650 units developed, Arkade Developers has successfully handed over possessions to more than 450 families in the Arkade Aspire and Arkade Crown projects, and is currently in the process of delivering homes to approximately 200 families.
Arkade Developers’ commitment to quality and efficiency is evident in its operations, reflecting its principle of “Family First.” The company aims to ensure that every project not only meets the expectations of its clients but also contributes positively to the community at large. As urban living continues to evolve, Arkade Developers remains focused on delivering high-quality housing solutions that support the growth of modern families. With a strong portfolio and a clear vision for the future, Arkade Developers is well-positioned to become a leading player in the Mumbai real estate market.
Conclusion
Arkade Developers is making waves in the Mumbai real estate sector with strategic acquisitions and timely project deliveries. The company’s focus on quality and customer satisfaction sets it apart in a competitive market.
- Arkade Developers acquires 6.5 acres for Anand Nagar redevelopment.
- Project expected to generate a GDV of Rs 1,700 crores.
- Strategically located near major transit points.
- Company aims to develop luxury residences in various configurations.
- Four OCs received ahead of RERA schedules, affirming commitment to timely delivery.
- Ongoing projects focus on enhancing community living in Mumbai.
