Arkade Developers acquires new redevelopment Project spanning across 1.1 Acres in Goregaon with Potential Revenue of ₹350 Cr

Arkade Developers Limited, a listed entity, acquires redevelopment rights of a strategically located society in Bangur Nagar, Goregaon West. Spread across 1.1 acres, the site offers a RERA saleable area of approx. 86,000 sq. ft and an estimated revenue potential of ₹350 crores. The project will feature a mix of residential and commercial spaces, further strengthening its footprint in the Western suburbs.

This marks the company's 5th acquisition in the Goregaon- Malad micro-market in recent times. Furthermore, Arkade Developers has 4 completed and 3 ongoing projects within this residential belt.

The upcoming development is designed to offer thoughtfully planned homes with a configuration mix of 2 and 3 BHK's. Strategically positioned with excellent connectivity and robust social infrastructure, this project adds significant value to Arkade Developers' growth strategy in Mumbai's western market.

Speaking on the announcement, Mr. Amit Jain, Chairman and Managing Director, Arkade Developers Limited, said, "Our foray into yet another society redevelopment project in Goregaon reaffirms Arkade's strong and growing footprint in this vital Mumbai suburb. We understand Goregaon's unique pulse and potential, having successfully delivered transformative projects in the area in the past. This latest acquisition aligns with our vision to create vibrant, future-ready spaces that add enduring value for homeowners, commercial users and the wider community."

Arkade Developers continues to consolidate its leadership in MMR through highpotential redevelopment projects, aligned with its core philosophy of blending thoughtful living with enduring quality.

Shares of Arkade Developers Limited was last trading in BSE at Rs. 192.75 as compared to the previous close of Rs. 194.70. The total number of shares traded during the day was 93679 in over 1750 trades.

The stock hit an intraday high of Rs. 197.00 and intraday low of 192.00. The net turnover during the day was Rs. 18188690.00.

Source : Equity Bulls

Keywords

ArkadeDevelopers INE0QRL01017 Residential Commercial RedevelopmentProject Goregaon