Arkade Developers , a prominent luxury real estate developer in Mumbai, has made a significant move in the city's real estate market by securing cluster redevelopment rights in Borivali, Mumbai. The company has registered a Development Agreement (DA) for a project with an estimated Gross Development Value (GDV) of ₹865.00 crore.

Project Details

The cluster redevelopment project, located near Mahavir Nagar, Borivali West, encompasses a total area of 7,084 square meters. Arkade Developers plans to deliver approximately 2.44 lakh square feet of saleable carpet area, marking a substantial addition to their portfolio in Mumbai's western suburbs.

Societies Involved

The project involves the redevelopment of multiple cooperative housing societies, including:

• Satya Shreepal Nagar A CHS Ltd.
• Om Shreepal Nagar B & C CHS Ltd.
• Sheetal Shreepal CHS Ltd.
• Sai Shreepal CHS Ltd.

Strategic Importance

This development aligns with Arkade Developers' strategy of focusing on high-value redevelopment projects in Mumbai's land-constrained environment. The location in Borivali, one of Mumbai's well-connected residential zones, positions the project favorably in terms of potential demand and value appreciation.

Management's Perspective

Mr. Amit Jain, Chairman and Managing Director of Arkade Developers Limited, commented on the project, saying, "At Arkade, it is our endeavor to not just redevelop buildings— but rebuild communities. This project is a reflection of our philosophy to bring people luxury homes, stronger infrastructure, and vibrant neighborhoods. This micro market has immense potential, and we are proud to be playing a pivotal role in shaping its future."

Company Background

Arkade Developers has a rich legacy spanning over 38 years in the Mumbai real estate market. The company has completed 31 projects to date, creating homes for over 5,500 families. With a focus on timely delivery and premium construction quality, Arkade has developed more than 5.5 million square feet of property, with an additional 2+ million square feet currently under construction.

Future Outlook

This latest project reinforces Arkade Developers' commitment to strategic, high-value redevelopment in Mumbai. As the company continues to strengthen its presence in the Mumbai Metropolitan Region (MMR) with a robust pipeline of projects, it remains at the forefront of Mumbai's evolving real estate market, contributing significantly to the city's urban transformation.

The successful securing of this ₹865.00 crore project in Borivali demonstrates Arkade Developers' growing influence in Mumbai's real estate sector and its ability to undertake large-scale, community-focused transformations.

Arkade Developers Limited has made a significant move in Mumbai's real estate market by registering a development agreement for a cluster redevelopment project in Borivali West. The project, with an estimated Gross Development Value (GDV) of ₹865.00 crores, marks a substantial addition to the company's portfolio in the western suburbs of Mumbai.

Project Details

The cluster redevelopment project encompasses four cooperative housing societies:

• Satya Shreepal Nagar A CHS Ltd.
• Om Shreepal Nagar B & C CHS Ltd.
• Sheetal Shreepal CHS Ltd.
• Sai Shreepal CHS Ltd.

Located near Mahavir Nagar, the project site spans 7,084 square meters and is expected to deliver a projected saleable carpet area of approximately 2.44 lakh square feet.

Strategic Significance

This development agreement reinforces Arkade Developers' commitment to strategic, high-value redevelopment in Mumbai's land-constrained environment. The project is situated in one of Mumbai's well-connected residential zones, reflecting the increasing trend of large-scale, community-focused transformations across the city.

Company's Vision

Mr. Amit Jain, Chairman and Managing Director of Arkade Developers Limited, commented on the milestone: "At Arkade, it is our endeavor to not just redevelop buildings— but rebuild communities. This project is a reflection of our philosophy to bring people luxury homes, stronger infrastructure, and vibrant neighborhoods. This micro market has immense potential, and we are proud to be playing a pivotal role in shaping its future."

Company Profile

Arkade Developers, with a 38-year legacy in the real estate sector, has completed 31 projects to date, creating homes for over 5,500 families. The company has developed over 5.5 million square feet of property and currently has an additional 2+ million square feet under construction.

Project Approach

The Borivali West project will be designed to blend modern lifestyle features with functional, sustainable architecture, aligning with Arkade's reputation for enhancing urban living standards. This approach is consistent with the company's core philosophy of "Family First," focusing on building family-friendly homes while upholding values such as trust, transparency, commitment, and happiness.

Market Impact

This latest project further strengthens Arkade Developers' foothold as a trusted player in Mumbai's urban transformation narrative. It also demonstrates the company's ability to secure and execute significant redevelopment projects in prime locations, potentially impacting its market position and financial performance in the coming years.

As Arkade Developers continues to expand its presence in the Mumbai Metropolitan Region (MMR) with a robust pipeline of projects, this new venture in Borivali West represents another step in the company's growth strategy and its contribution to Mumbai's evolving real estate landscape.