Arkade Developers Targets Rs 21 Bn Revenue from 3 New Projects
Real Estate

Arkade Developers Targets Rs 21 Bn Revenue from 3 New Projects

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.

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.

Next Story
Real Estate

The Only Way is Up!

In 2025, India’s real-estate market will be driven by a confluence of economic, demographic and policy-driven factors. Among these, Boman Irani, President, CREDAI National, counts rapid urbanisation, the rise of the middle class, policy reforms like RERA and GST rationalisation, and the Government’s decision to allow 100 per cent FDI in construction development projects (including townships, housing, built-up infrastructure, and real-estate broking services).In the top metros, especially Bengaluru, followed by Hyderabad and Pune, the key drivers will continue to be job creation a..

Next Story
Building Material

Organisations valuing gender diversity achieve higher profitability

The building materials industry is projected to grow by 8-12 per cent over the next five years. How is Aparna Enterprises positioning itself to leverage this momentum and solidify its market presence?The Indian construction and building materials industry is projected to witness significant expansion, with estimates suggesting an 8-12 per cent compound annual growth rate (CAGR) over the next five years. This growth is fuelled by rapid urbanisation, increased infrastructure investments and sustainability-focused policies. With India's real-estate market expected to reach $ 1 trillion by 2030, t..

Next Story
Real Estate

Dealing with Delays

Delays have beleaguered many a construction project in India, hampering the country from building to its ability and potential, and leading to additional costs incurred by the contractor. The reasons for delayIn India, delays mainly occur owing to obtaining statutory approvals, non-provisioning of right of way, utility diversion and approval of drawings and design. Delays are broadly classified based on responsibility and effect. Excusable delays arise from factors beyond the contractor’s control, such as force majeure events or employer-induced delays. These delays generally entitle th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?