Arkade Developers secures Cluster Redevelopment Project in Kandivali East with a Projected GDV of ~₹1,100 Crore

Arkade Developers Limited, an ISO 9001-2015 & 45001-2018 certified, listed real estate company, has acquired the cluster redevelopment rights of 9 societies with a saleable RERA CA of appx 325,000 Sq. ft. The upcoming development is strategically located in the upscale neighbourhood of Ashok Nagar, Kandivali East. Spread across appx 3 acres with a projected Gross Development Value (GDV) of ~₹1,100 crore. The redevelopment will feature premium residences, thoughtfully designed to meet the evolving aspirations of urban homebuyers.

This landmark project will be among the most significant redevelopment initiatives in Kandivali East, reaffirming Arkade's commitment to transforming established neighbourhoods into vibrant, future-ready communities. Beyond providing modern homes, the development is envisioned to enhance the local ecosystem with contemporary amenities, landscaped open spaces, and high-quality construction standards.

Kandivali East has rapidly emerged as one of Mumbai's most promising residential destinations, driven by excellent connectivity via Western Express Highway, suburban rail, and the operational Metro Line 2A. The area offers robust social infrastructure with reputed schools, hospitals, and malls, along with proximity to key commercial hubs in BKC, Malad, Goregaon, and Andheri. Strong real estate appreciation, healthy rental yields, and sustained interest continue to make Kandivali East a compelling choice for homebuyers.

Commenting on the announcement, Amit Jain, Chairman and Managing Director of Arkade Developers Limited, said: "At Arkade Developers, every project is an opportunity to create spaces that go beyond homes-they inspire better living and stronger communities. With this new project in Kandivali East, we are delivering a lifestyle experience that reflects our commitment to thoughtful design, sustainability, and community-centric development. This redevelopment rights also reinforces our growth momentum as we continue expanding our footprint across MMR."

With a strong presence across the western, eastern & central suburbs through its completed, ongoing, and upcoming projects, Arkade Developers continues to strengthen its legacy of trust and innovation. The company remains focused on creating long-term value by delivering homes that blend comfort, quality, and community well-being.

Shares of Arkade Developers Limited was last trading in BSE at Rs. 122.75 as compared to the previous close of Rs. 122.60. The total number of shares traded during the day was 48900 in over 479 trades.

The stock hit an intraday high of Rs. 126.85 and intraday low of 120.80. The net turnover during the day was Rs. 6063077.00.

Source : Equity Bulls

Keywords

ArkadeDevelopers INE0QRL01017 Residential Commercial ClusterRedevelopmentProject KandivaliEast