Arkade Developers Registers Development Agreement for Cluster Re-Development Project with Projected GDV of Rs 700 Crore

Arkade Developers Limited has officially registered a Development Agreement for the cluster redevelopment of Shree Rani Sati Nagar Co-operative Housing Society, situated on SV Road in Malad West. This large-scale project covers an expansive plot of approximately 6,553 square metres and carries an estimated Gross Development Value (GDV) of around Rs 700 crore. By focusing on this strategic location, the company aims to deliver a modern residential complex that integrates contemporary urban living standards with upgraded infrastructure and lifestyle amenities for existing members. The site's position along a major transport corridor ensures seamless connectivity to Mumbai’s primary business districts and social infrastructure.

This latest acquisition reinforces Arkade's aggressive expansion within the Western Suburbs, specifically strengthening its footprint in the Goregaon-Malad micro-market. The project follows a similar recent agreement in Goregaon West, which spanned 4,640 square metres with a GDV of Rs 350 crore. By securing this new Malad venture, Arkade Developers continues to build a robust pipeline of redevelopment projects, leveraging its specialised execution capabilities and design-led approach to navigate the complexities of Mumbai's urban renewal landscape.

About Arkade Developers Ltd

Arkade Developers, a prominent luxury Real Estate developer listed on the BSE and NSE, has built a 39-year legacy defined by quality and reliability in Mumbai’s competitive market. Under the leadership of Chairman Amit Jain, the firm has completed 31 projects and delivered homes to over 5,500 families. Guided by a "Family First" philosophy, the company emphasises trust and transparency, having already developed over 5.5 million square feet of premium property with an additional 2 million square feet currently under Construction.

The company’s operational success is matched by its financial stability, recently earning a BBB+ credit rating with a stable outlook from India Ratings. This rating underscores Arkade’s strong cash-flow generation and disciplined financial fundamentals. By combining innovative design with advanced construction technologies, Arkade Developers continues to maintain its reputation for timely project delivery and high-standard living spaces across the Mumbai metropolitan region.

Disclaimer: The article is for informational purposes only and not investment advice.