Arkade Reports Rs 7.73 Billion in Pre-Sales for FY24-25

25 Apr 2025 CW Team

Key highlights for FY24-25:

Area sold: 249,000 sq. ft., a YoY growth of 22.7%
Pre-sales: Rs 7.73 billion, up 19.8% YoY
Collections: Rs 7.16 billion, marking a 21.8% YoY growth

Mumbai, 22nd April 2025: Arkade Developers Limited, a leading luxury real estate developer based in Mumbai, has announced its operational performance for FY 2024-25, recording notable growth in key financial metrics.

Operational performance:

A) Pre-sales: In FY 2024-25, Arkade Developers achieved Rs 7.73 billion in pre-sales, reflecting a 19.8% increase compared to Rs 645 crores in the previous year. This growth underscores the continued demand for Arkade’s residential offerings in the Mumbai region.

B) Collections: The company reported collections of Rs 7.16 billion for FY 2024-25, marking a 21.8% growth from Rs 5.88 billion last year. This performance highlights strong project execution and sustained customer confidence.

C) Area sold: Arkade sold 249,000 sq. ft. in FY 2024-25, a 22.7% increase from 203,000 sq. ft. in FY 2023-24. This growth is a reflection of improved project uptake and higher sales velocity.

FY24-25 achievements:

Launched three projects in Mumbai: Arkade Rare (Bhandup), Arkade Views, and Arkade Vistas (Goregaon)
Received 4 Occupancy Certificates (OCs) ahead of RERA schedule for Arkade Crown, Arkade Aspire, Arkade Aura, and Arkade Prime
Delivered 650+ possessions on time
Acquired 17.5 acres of land in western suburbs, with a projected GDV of Rs 67.9 billion

Amit Jain, Chairman and Managing Director of Arkade Developers, stated, “FY25 was a year of consistent performance and robust growth. Focused on timely execution, sales velocity, and customer satisfaction, we’ve achieved strong growth in sales and collections. Our improved operational efficiency sets a strong foundation for our future pipeline. As we move into FY26, we’re committed to expanding our development footprint across Mumbai and delivering value to all stakeholders.”

(BSE)

Key highlights for FY24-25: Area sold: 249,000 sq. ft., a YoY growth of 22.7% Pre-sales: Rs 7.73 billion, up 19.8% YoY Collections: Rs 7.16 billion, marking a 21.8% YoY growth Mumbai, 22nd April 2025: Arkade Developers Limited, a leading luxury real estate developer based in Mumbai, has announced its operational performance for FY 2024-25, recording notable growth in key financial metrics. Operational performance: A) Pre-sales: In FY 2024-25, Arkade Developers achieved Rs 7.73 billion in pre-sales, reflecting a 19.8% increase compared to Rs 645 crores in the previous year. This growth underscores the continued demand for Arkade’s residential offerings in the Mumbai region. B) Collections: The company reported collections of Rs 7.16 billion for FY 2024-25, marking a 21.8% growth from Rs 5.88 billion last year. This performance highlights strong project execution and sustained customer confidence. C) Area sold: Arkade sold 249,000 sq. ft. in FY 2024-25, a 22.7% increase from 203,000 sq. ft. in FY 2023-24. This growth is a reflection of improved project uptake and higher sales velocity. FY24-25 achievements: Launched three projects in Mumbai: Arkade Rare (Bhandup), Arkade Views, and Arkade Vistas (Goregaon) Received 4 Occupancy Certificates (OCs) ahead of RERA schedule for Arkade Crown, Arkade Aspire, Arkade Aura, and Arkade Prime Delivered 650+ possessions on time Acquired 17.5 acres of land in western suburbs, with a projected GDV of Rs 67.9 billion Amit Jain, Chairman and Managing Director of Arkade Developers, stated, “FY25 was a year of consistent performance and robust growth. Focused on timely execution, sales velocity, and customer satisfaction, we’ve achieved strong growth in sales and collections. Our improved operational efficiency sets a strong foundation for our future pipeline. As we move into FY26, we’re committed to expanding our development footprint across Mumbai and delivering value to all stakeholders.” (BSE)

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Technology

18 Sep 2025

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Infrastructure Urban

18 Sep 2025

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..