Arkade Developers has announced the redevelopment of three residential projects in Mumbai, aiming to generate revenue of Rs 21.50 billion. The company revealed its plans for these projects, detailing the development of 20,232 sq m (about 5 acres) across key micro-markets in the western suburbs of Mumbai, specifically in Andheri East, Malad West, and Borivali West.

The projected saleable area for these redevelopment projects is approximately 5.85 lakh sq ft, with an expected turnover of Rs 21.50 billion. Arkade Developers, which was recently listed on the stock exchanges, plans to make a significant impact on the Mumbai real estate market.

Arkade Developers' Chairman and Managing Director emphasised, “Redevelopment plays a key role in the growth of Mumbai’s real estate sector, and this is our strength in the ever-evolving Mumbai skyline.”

He further added, “We have a strong pipeline of over 8 upcoming projects across the Mumbai Metropolitan Region (MMR). We anticipate an increase in partnerships with societies, thanks to our exceptional track record in timely project delivery.