+
Arkade secures Rs 8.65 Bn cluster redevelopment project in Borivali
Real Estate

Arkade secures Rs 8.65 Bn cluster redevelopment project in Borivali

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.

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.

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code