Arkade Developers has announced the acquisition of cluster redevelopment rights for nine housing societies in Kandivali East, Mumbai, with a projected Gross Development Value (GDV) of around Rs 1,100 crore.
According to the company’s exchange filing, the project spans nearly 3 acres and will have a saleable RERA carpet area of approximately 3.25 lakh sq ft. The redevelopment project is located in Ashok Nagar, Kandivali East, one of Mumbai’s rapidly growing residential micro-markets.
The company stated that the project will feature premium residential units along with landscaped open spaces, modern amenities, and upgraded infrastructure aimed at urban homebuyers.
Arkade Developers highlighted Kandivali East’s strong connectivity through the Western Express Highway, suburban railway network, and Metro Line 2A, along with proximity to commercial hubs such as BKC, Malad, Goregaon, and Andheri.
Commenting on the development, Amit Jain, Chairman and Managing Director of Arkade Developers, said the redevelopment strengthens the company’s expansion strategy across the Mumbai Metropolitan Region (MMR) and reflects its focus on community-centric urban projects.
Arkade Developers currently has a strong presence across Mumbai’s western, eastern, and central suburbs through completed, ongoing, and upcoming projects.