Arkade Developers registers Development Agreement for a Project in Malad West with a GDV of ₹740 Crores

Listed entity, Arkade Developers has secured the redevelopment rights for Nutan Ayojan, a co-operative housing society in Malad West, marking another milestone in its strategic expansion across Mumbai's prime micro-markets. The project, spanning 6,858.90 square meters, is expected to generate a gross development value (GDV) of approximately ₹740 crores.

With a total saleable RERA carpet area of appx 233,000 square feet, the development will feature luxury residence configurations of 2 & 3 BHK apartments, catering to the evolving needs of homebuyers seeking premium living spaces in Mumbai's Western Suburbs.

The proposed structure will include 2 basements, four podium parking levels, an eco-deck, and 32 residential floors, ensuring an elevated living experience with modern amenities. Upon completion, the project will offer 408 homes, out of which approximately 215 units will be available for sale, further expanding its residential and commercial footprint.

Speaking on the acquisition, Mr Amit Jain, Chairman and Managing Director, Arkade Developers, said, "This project is designed to offer residents innovative homes and a modern lifestyle while preserving the familiarity of their trusted surroundings. Aligned with our broader vision, we aim to capitalize on high-growth micro-markets through redevelopment, strategic asset acquisitions, and unlocking our land bank's value. By expanding our launch pipeline, we are set to accelerate our growth strategy."

Malad West is one of Mumbai's fastest-growing real estate destinations, benefiting from excellent connectivity to major business hubs via the Western Express Highway, Link Road, and the upcoming metro corridors. The redevelopment initiative aligns with Arkade Developers' commitment to revitalising established neighbourhoods with contemporary, highquality developments.

Arkade Developers continues to strengthen its presence in the MMR region with a robust pipeline of projects. With a focus on timely delivery and premium construction quality, the company remains at the forefront of Mumbai's evolving real estate market, contributing significantly to the city's urban transformation.

Shares of Arkade Developers Limited was last trading in BSE at Rs. 143.65 as compared to the previous close of Rs. 139.25. The total number of shares traded during the day was 30607 in over 1218 trades.

The stock hit an intraday high of Rs. 144.80 and intraday low of 137.25. The net turnover during the day was Rs. 4386624.00.

Source : Equity Bulls

Keywords

ArkadeDevelopers INE0QRL01017 Residential Commercial DevelopmentAgreement MaladWest GDV