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

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

Arkade Developers Limited, a listed real estate company, has secured the cluster redevelopment rights for nine societies in Kandivali East. The project is strategically located in the upscale neighborhood of Ashok Nagar, Kandivali East, and encompasses approximately three acres.

This major redevelopment initiative comes with a significant projected Gross Development Value (GDV) of ~₹1,100 crore. The project will offer a total saleable RERA Carpet Area (CA) of approximately 325,000 Sq. ft., featuring premium residences designed to meet the evolving aspirations of urban homebuyers.

The development is positioned to be one of the most significant redevelopment efforts in the area, reinforcing Arkade's commitment to transforming established neighborhoods into vibrant, future-ready communities. The vision for the development extends beyond providing modern homes, aiming to enhance the local ecosystem with contemporary amenities, landscaped open spaces, and high-quality construction standards.

Kandivali East is recognized as a rapidly emerging residential hub in Mumbai. Its appeal is driven by strong connectivity via Western Express Highway, suburban rail, and the operational Metro Line 2A. The locale also offers robust social infrastructure, including reputed schools, hospitals, and shopping malls, coupled with proximity to key commercial areas like BKC, Malad, Goregaon, and Andheri, making it a compelling choice for homebuyers due to sustained real estate appreciation and healthy rental yields.

Amit Jain, Chairman and Managing Director of Arkade Developers Limited, commented on the announcement, stating, "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."

Arkade Developers continues to build upon its legacy of trust and innovation, with a strong presence across the western, eastern, and central suburbs through its completed, ongoing, and upcoming projects.

Company Overview​

Arkade Developers is a leading luxury real estate developer listed on both the BSE (544261) and NSE (ARKADE). The company boasts a rich legacy spanning over 40 years and has been guided by the core philosophy of "Family First."

Under the leadership of Chairman and Managing Director Mr. Amit Jain, the company has become a respected figure in the Mumbai real estate sector.

For a comprehensive view of the company's achievements, the following table summarizes its operational milestones:

ARKADE Stock Price Movement​

Shares of Arkade Developers Limited are gaining 1.98% in live trading as of 10:35 AM, currently trading at ₹125.24. The equity has seen substantial activity, processing a volume of 452,343 shares in the market.