Arkade Group acquires 2.05 acre plot from Hercules Hoists in MumbaiArkade Group acquires 2.05 acre plot from Hercules Hoists in Mumbai
Real Estate

Arkade Group acquires 2.05 acre plot from Hercules Hoists in MumbaiArkade Group acquires 2.05 acre plot from Hercules Hoists in Mumbai

According to the sources, Arkade Group acquired around 2.05 acres of the land parcel from Hercules Hoists for Rs 90 crore in Mumbai’s Mulund.

The company has already paid 10% of the acquisition amount to Hercules Hoists. With this acquisition, the company focuses on strengthening its presence in Mumbai’s eastern suburbs.

The company also announced the acquisition of six projects, having 11,50,000 sq ft of the construction area and has invested Rs 215 crore for the same.

These six projects include three plots bought based on an outright, while three redevelopment projects are located across the western suburbs of Mumbai. Moreover, these projects might generate around Rs 1,250 crore of sales revenues.

Arkade has created more than 25 projects across Mumbai, accounting for four million square feet and catering to more than 4000 families.The firm has recently completed and handed over its prestigious project Arkade Earth at Kanjurmarg. Arkade is a zero-debt firm and is setting up its plans to raise funds to fuel its future growth. The firm strives for a leadership position in the redevelopment segment in Mumbai real estate sector.

Image Source

Also read: NHSRCL acquires 33% land in Maharashtra for bullet train project

According to the sources, Arkade Group acquired around 2.05 acres of the land parcel from Hercules Hoists for Rs 90 crore in Mumbai’s Mulund. The company has already paid 10% of the acquisition amount to Hercules Hoists. With this acquisition, the company focuses on strengthening its presence in Mumbai’s eastern suburbs. The company also announced the acquisition of six projects, having 11,50,000 sq ft of the construction area and has invested Rs 215 crore for the same. These six projects include three plots bought based on an outright, while three redevelopment projects are located across the western suburbs of Mumbai. Moreover, these projects might generate around Rs 1,250 crore of sales revenues. Arkade has created more than 25 projects across Mumbai, accounting for four million square feet and catering to more than 4000 families.The firm has recently completed and handed over its prestigious project Arkade Earth at Kanjurmarg. Arkade is a zero-debt firm and is setting up its plans to raise funds to fuel its future growth. The firm strives for a leadership position in the redevelopment segment in Mumbai real estate sector. Image Source Also read: NHSRCL acquires 33% land in Maharashtra for bullet train project

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?