Arkade Developers registers Development Agreement for cluster redevelopment in Borivali west with an estimated GDV of ₹865 Crores

Listed entity, Arkade Developers Limited has secured the cluster redevelopment rights and registered the DA (development agreement) for Satya Shreepal Nagar A CHS Ltd., Om Shreepal Nagar B & C CHS Ltd., Sheetal Shreepal CHS Ltd. and Sai Shreepal CHS Ltd; in proximity to Mahavir Nagar, the project spans 7,084 square meters and is set to deliver a projected saleable carpet area of approximately 2.44 lakh square feet.

The development carries an estimated top line of ₹865 crores, marking a significant addition to Arkade's growing portfolio in the western suburbs. Situated in one of Mumbai's well-connected residential zones, the cluster redevelopment project reflects the increasing momentum of largescale, community-focused transformations across the city. The project will be designed to blend modern lifestyle features with functional, sustainable architecture-an approach Arkade has become known for in its ongoing mission to enhance urban living standards.

Commenting on this latest milestone, Mr. Amit Jain, Chairman and Managing Director of Arkade Developers Limited, said, "At Arkade, it is our endeavor to not just redevelop buildings - but rebuild communities. This project is a reflection of our philosophy to bring people luxury homes, stronger infrastructure, and vibrant neighborhoods. This micro market has immense potential, and we are proud to be playing a pivotal role in shaping its future."

The project reinforces Arkade Developers' commitment to strategic, high-value redevelopment in Mumbai's land-constrained environment and further strengthens its foothold as a trusted player in the city's transformation narrative.

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. 155.30 as compared to the previous close of Rs. 145.55. The total number of shares traded during the day was 99930 in over 1826 trades.

The stock hit an intraday high of Rs. 156.25 and intraday low of 148.00. The net turnover during the day was Rs. 15199309.00.

Source : Equity Bulls

Keywords

ArkadeDevelopers INE0QRL01017 Residential Commercial DevelopmentAgreement BorivaliWest ClusterRedevelopmentRights