Arkade Developers to Redevelop Three Housing Projects in Mumbai

07 Jan 2025 CW Team

Arkade Developers is set to redevelop three housing projects in Mumbai, covering a total area of 20,232 square metres (approximately five acres) across Andheri East, Malad West, and Borivali West. These projects are expected to deliver a combined saleable carpet area of approximately 5.85 lakh square feet, generating an estimated turnover of Rs 21.50 billion.

Amit Jain, the chairman and managing director of Arkade Developers, highlighted the company's strong pipeline of over eight upcoming projects across the Mumbai Metropolitan Region (MMR). He also noted that the company anticipates an increase in societies partnering with them, attributing this to their proven track record in timely project delivery.

The redevelopment includes a project in Andheri East with a plot size of 6,811 square meters, offering a projected saleable carpet area of 1.29 lakh square feet and an estimated turnover of Rs 5.27 billion. Another project, located in Malad West, spans 6,337 square metres, providing a saleable carpet area of 2.12 lakh square feet and a turnover potential of Rs 7.58 billion.

The largest of the three projects is a cluster of four societies in Borivali West, covering 7,084 square metres. This project is expected to deliver a saleable carpet area of 2.44 lakh square feet, with a potential turnover of Rs 8.65 billion.

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