The real estate sector in Mumbai is set to witness new developments with Arkade Developers announcing plans to redevelop three housing projects in the city. The company plans to develop a total area of 20,232 sq meters, approximately five acres, across these projects located in Andheri East, Malad West, and Borivali West.
Arkade Developers’ Redevelopment Plans in Mumbai
The projected saleable carpet area is approximately 5.85 lakh sq ft, generating a projected turnover of Rs 2,150 crore. The redevelopment projects include one in Andheri East, Malad West, and Borivali West, with varying plot sizes and potential turnovers.
Project Details
The project in Andheri East is estimated to have a plot size of 6,811 sq meters, a projected saleable carpet area of 1.29 lakh sq ft, and an estimated turnover of Rs 527 crore. Another project in Malad West spans 6,337 sq meters, offering a saleable carpet area of 2.12 lakh sq ft and a potential turnover of Rs 758 crore. The third and largest development is situated in Borivali West, covering 7,084 sq meters, with a projected saleable carpet area of 2.44 lakh sq ft and a potential turnover of Rs 865 crore.
Chairman’s Vision
Amit Jain, chairman and managing director of Arkade Developers, expressed confidence in the company’s delivery track record, stating, “We have a robust pipeline of over eight upcoming projects across MMR. We expect to witness a further uptick in societies partnering with us, owing to our exemplary delivery track record.”
Key Projects in Mumbai
The redevelopment projects presented by Arkade Developers demonstrate the company’s growth prospects and expansion plans in Mumbai’s real estate sector. As Mumbai continues to be a lucrative market for real estate investors, the company’s ambitious redevelopment plans are likely to generate significant interest among potential buyers and investors.
