Arkade Buys Bhandup Land For Rs 1.48 Billion

04 Sep 2025 CW Team

Real estate firm Arkade Developers Ltd announced on Wednesday that it has acquired a 14,364-square-metre land parcel in the Mumbai Metropolitan Region (MMR) for a total consideration of Rs 1.48 billion.

In a regulatory filing, the company stated it had entered into a Memorandum of Understanding (MoU) to acquire 100 per cent shareholding in Woollen and Textile Industries Ltd, through which the land transaction will be executed.

The plot is located in Bhandup (West), a well-connected residential and commercial area within Mumbai. The total land area covered under the proposed acquisition is 14,363.60 square metres.

Mumbai-based Arkade Developers has already completed 31 projects, delivering approximately 5 million square feet of constructed space. The company is currently working on an additional 2 million square feet under development.

Recognised as one of the country’s prominent real estate firms, Arkade continues to expand its footprint in the MMR with strategic land acquisitions aimed at scaling up residential and mixed-use developments.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..