Arkade secures Rs 8.65 Bn cluster redevelopment project in Borivali

09 Apr 2025 CW Team

In a significant boost to Mumbai’s redevelopment landscape, listed real estate developer Arkade Developers Ltd has announced the launch of a cluster redevelopment project in Borivali, Mumbai, with an estimated revenue potential of ?865 crore.

The project, spanning 7,084 sq. metres, will involve the redevelopment of four housing societies—Satya Shreepal Nagar A CHS Ltd, Om Shreepal Nagar B and C CHS Ltd, Sheetal Shreepal CHS Ltd, and Sai Shreepal CHS Ltd—located in Borivali West. The development will yield an approximate saleable carpet area of 2.44 lakh sq. ft.

Amit Jain, Chairman and Managing Director of Arkade Developers Ltd, remarked, “This project embodies our philosophy of delivering luxury homes, enhanced infrastructure, and vibrant communities. The Borivali micro-market holds vast potential, and we’re proud to be shaping its future.”

The initiative underscores Arkade’s strategic focus on high-value redevelopment in Mumbai’s densely populated and space-constrained urban environment. It also adds to the company’s expanding portfolio in the Mumbai Metropolitan Region (MMR), where it maintains a robust pipeline of projects.

In February 2025, Arkade had announced two additional redevelopment projects, including a 6.5-acre cluster redevelopment in Dahisar with a gross development value of Rs 17 billion.

With several other listed developers such as Raymond Ltd and Mahindra LifeSpaces also entering the redevelopment segment, Mumbai’s real estate sector continues to witness strong momentum in transforming aged housing stock into modern, sustainable residential spaces.

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