Arkade Buys Bhandup Land For Rs 1.48 Billion
Real Estate

Arkade Buys Bhandup Land For Rs 1.48 Billion

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. 

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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. 

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement