Arkade Developers, a prominent player in the Mumbai real estate market, has announced plans to redevelop three housing projects in the city. The company aims to develop approximately five acres of land across these projects, expected to generate a projected turnover of Rs 2,150 crore.
Details of the Redevelopment Projects
The redevelopment projects, located in Andheri East, Malad West, and Borivali West, are expected to offer a total saleable carpet area of approximately 5.85 lakh sq ft. The company is optimistic about the potential of these projects, with a robust pipeline of over eight upcoming projects across the Mumbai Metropolitan Region (MMR).
Andheri East Project: A Testament to Arkade Developers’ Expertise
The project in Andheri East, covering 6,811 sq meters, is expected to offer a saleable carpet area of 1.29 lakh sq ft. With an estimated turnover of Rs 527 crore, this project is set to be a significant contributor to the company’s portfolio. Amit Jain, Chairman and Managing Director of Arkade Developers, believes that the company’s exemplary delivery track record will attract more societies to partner with them.
Malad West Project: A Hub for Modern Living
The project in Malad West, spanning over 6,337 sq meters, is expected to offer a saleable carpet area of 2.12 lakh sq ft. With a potential turnover of Rs 758 crore, this project is set to be a major attraction for those seeking modern living spaces in Mumbai.
Borivali West Project: A Cluster of Modern Societies
The largest of the three projects, situated in Borivali West, covers an area of 7,084 sq meters. It is expected to offer a projected saleable carpet area of 2.44 lakh sq ft and generate a potential turnover of Rs 865 crore. This project is set to be a landmark development in Mumbai’s real estate landscape.
