Arkade Developers adds 4 redevelopment Projects, eyes Rs 5000 crore turnover

Eyeing to strengthen its presence in the Mumbai realty market, Arkade Developers confirmed on Wednesday adding four new redevelopment projects throughout key micro-markets in the western suburbs.

Key points

• Among the newly continued developments are projects in the Ashok Nagar area of Kandivali East and Shankar Lane in Kandivali West.
• The largest of the developments is the cluster redevelopment at Yogi Nagar – Plot B in Borivali West.
• And is projected to offer a projected saleable carpet area of 2.5 lakh sq.
• According to The listed developer, the addition of these redevelopment projects strengthens its development pipeline throughout some of Mumbai's established residential micro-markets.
• Redevelopment is a crucial part of Mumbai's real estate expansion journey and remains a core strength of our brand as we contribute to the city's ever-evolving skyline.

"Redevelopment is a crucial part of Mumbai's real estate expansion journey and remains a core strength of our brand as we contribute to the city's ever-evolving skyline. A testament to our efforts is the recent milestone achieved at Arkade Eden in Malad West, where we received the Occupancy Certificate (OC) nine months ahead of the committed RERA date, " remarked Amit Jain, Chairman and Managing Director, Arkade Developers.

Among the newly continued developments are projects in the Ashok Nagar area of Kandivali East and Shankar Lane in Kandivali West. Together, these two projects comprise a plot area of approximately 12, 611.5 sq. M., with a projected saleable carpet area of 3.5 lakh sq. Ft. And an estimated Gross Development Value of Rs 1, 100 crore.

Meanwhile, the Malad West redevelopment spans approximately 8, 428 sq. M. And is projected to offer a projected saleable carpet area of 2.5 lakh sq. Ft., with a turnover potential of approximately Rs 900 crore.

In practice, the largest of the developments is the cluster redevelopment at Yogi Nagar – Plot B in Borivali West. Spread throughout approximately 24, 165 sq. M., the project is anticipated to offer a projected saleable carpet area of 9 lakh sq. Ft. And has a potential turnover of approximately Rs 3, 000 crore.

According to The listed developer, the addition of these redevelopment projects strengthens its development pipeline throughout some of Mumbai's established residential micro-markets. Collectively, the projects have an estimated construction area of approximately 51 lakh sq. Ft., further underscoring the scale and potential of Arkade Developers' expanding redevelopment portfolio, it continued.

Taken together, the developments around arkade Developers adds 4 redevelopment Projects, eyes Rs 5000 crore turnover point to a situation that is still moving, and the coming days should bring more clarity.