Arkade Developers Ltd. is set to redevelop three residential projects in Mumbai, expecting a total revenue of ₹2,150 crore. The projects, covering 20,232 square meters (approximately 5 acres), are located in Andheri East, Malad West, and Borivali West. The Andheri East project, near the Western Express Highway, spans 6,811 square meters with a saleable carpet area of 1.29 lakh square feet and a turnover potential of ₹527 crore.
In Malad West, a project covering 6,337 square meters offers a saleable area of 2.12 lakh square feet, with an estimated turnover of ₹758 crore. The largest of the three is a cluster of four societies in Borivali West, covering 7,084 square meters, offering 2.44 lakh square feet of saleable area, and a projected turnover of ₹865 crore.
Arkade Developers Ltd has announced plans to redevelop three significant residential projects in Mumbai’s western suburbs, specifically in Andheri East, Malad West, and Borivali West. These projects collectively cover approximately 20,232 square meters (about 5 acres) and are expected to generate a projected turnover of ₹2,150 crore.
Project Details
- Andheri East Redevelopment: This project encompasses a plot size of 6,811 square meters, offering a saleable carpet area of approximately 1.29 lakh square feet. The estimated revenue from this development is ₹527 crore. realty.economictimes.indiatimes.com
- Malad West Redevelopment: Covering an area of 6,337 square meters, this project will provide a saleable carpet area of about 2.12 lakh square feet, with a projected turnover of ₹758 crore. realty.economictimes.indiatimes.com
- Borivali West Redevelopment: This is the largest of the three projects, spanning 7,084 square meters and offering a saleable carpet area of approximately 2.44 lakh square feet. The anticipated revenue from this development is ₹865 crore. realty.economictimes.indiatimes.com
Strategic Vision
Amit Jain, Chairman and Managing Director of Arkade Developers, emphasized the company’s commitment to strengthening its presence in Mumbai’s western suburbs. He highlighted a robust pipeline of over eight upcoming projects across the Mumbai Metropolitan Region (MMR), reflecting the company’s dedication to urban development and meeting the city’s growing housing demands.
Market Implications
Mumbai’s real estate landscape is witnessing a surge in redevelopment projects, driven by the need to modernize aging infrastructures and optimize land use in densely populated areas. Arkade Developers’ strategic initiatives in Andheri East, Malad West, and Borivali West are poised to contribute significantly to this urban transformation, offering modern residential spaces that cater to contemporary living standards.
These redevelopment projects not only aim to enhance the quality of housing but also aspire to rejuvenate the surrounding communities by improving local infrastructure and amenities. As these projects progress, they are expected to set new benchmarks in Mumbai’s real estate sector, reflecting Arkade Developers’ commitment to quality and innovation in urban redevelopment.
Group Media Publication
Construction, Infrastructure and Mining
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