Arkade Developers Limited has announced the signing of a Share Purchase Agreement (SPA) to acquire 100% shareholding of Woollen and Textile Industries Ltd. This marks the company’s second major acquisition in Bhandup (West).
The deal, valued at ₹148 crore, includes a prime land parcel measuring 14,363.60 sq. meters, strengthening Arkade’s strategic footprint in Mumbai’s central corridor.
Commenting on the acquisition, Mr. Amit Jain, CMD of Arkade Developers, said, “This acquisition underlines our vision of creating value-driven developments at strategic locations. With our legacy of trust, timely delivery, and quality construction, we look forward to unlocking the potential of this land parcel and contributing meaningfully to urban transformation.”
Arkade Developers has been expanding aggressively across the Mumbai Metropolitan Region (MMR). Its landmark projects include Arkade Earth in Kanjurmarg (4 acres), Arkade Nest in Mulund (2 acres), and Arkade Rare in Bhandup (3 acres). The developer also recently announced a 6.28-acre land acquisition in Thane, signaling its entry into the city’s booming real estate market.
