Arkade Developers Limited has announced the acquisition of cluster redevelopment rights for nine societies in Kandivali East, Mumbai. The project, located in the upscale Ashok Nagar neighbourhood, is expected to have a Gross Development Value (GDV) of approximately ₹1,100 crore. The redevelopment will cover around 325,000 square feet of saleable area and is set to feature premium residences designed to cater to modern urban homebuyers.
This significant redevelopment initiative underscores Arkade’s dedication to revitalising established neighbourhoods into vibrant, future-ready communities. The project aims to enhance the local ecosystem with contemporary amenities, landscaped open spaces, and high-quality construction standards.
Kandivali East is rapidly gaining prominence as a sought-after residential destination in Mumbai, thanks to its excellent connectivity via the Western Express Highway, suburban rail, and the operational Metro Line 2A. The area boasts robust social infrastructure, including reputable schools, hospitals, and malls, and is conveniently located near key commercial hubs such as BKC, Malad, Goregaon, and Andheri. The region continues to attract homebuyers due to strong real estate appreciation and healthy rental yields.
Amit Jain, Chairman and Managing Director of Arkade Developers, commented on the announcement, stating, “At Arkade Developers, every project is an opportunity to create spaces that go beyond homes—they inspire better living and stronger communities. With this new project in Kandivali East, we are delivering a lifestyle experience that reflects our commitment to thoughtful design, sustainability, and community-centric development. This redevelopment rights also reinforces our growth momentum as we continue expanding our footprint across MMR.”
Arkade Developers has a strong presence across Mumbai’s western, eastern, and central suburbs through its completed, ongoing, and upcoming projects. The company is committed to creating long-term value by delivering homes that blend comfort, quality, and community well-being.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).