Arkade Developers Secures ₹865 Crore Cluster Redevelopment Project in Borivali
Arkade Developers Ltd has acquired cluster redevelopment rights for a project in Borivali, Mumbai, with an estimated Gross Development Value of ₹865 crore. The project covers 7,084 square meters near Mahavir Nagar, Borivali West, and will deliver approximately 2.44 lakh square feet of saleable carpet area. It involves redeveloping multiple cooperative housing societies. This aligns with Arkade's strategy of focusing on high-value redevelopment projects in Mumbai's land-constrained areas.

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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.
Historical Stock Returns for Arkade Developers
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+2.73% | +4.40% | +15.70% | +7.66% | +1.32% | +1.32% |