Arkade Developers Limited, a prominent luxury real estate developer listed on BSE and NSE, is set to strengthen its presence in Western Mumbai with the addition of three significant redevelopment projects. Located in prime areas of Andheri East, Malad West, and Borivali West, these projects cover a total area of 20,232 square meters (approx. 5 acres).
The redevelopment initiatives will create a total saleable carpet area of around 5.85 lakh sq. ft, with a projected turnover of INR 2150 crore.
The Andheri East project, situated near the Western Express Highway, spans 6,811 sq. meters and is expected to generate INR 527 crore. The Malad West project, covering 6,337 sq. meters, aims for a turnover of INR 558 crore, while the Borivali West project, the largest of the three, involves the redevelopment of four societies across 7,084 sq. meters with an expected turnover of INR 865 crore.
In the meantime, Arkade Developers shares opened today at ₹186.10 and reached a high of ₹187.40, while the low stood at ₹173.25. The stock has a 52-week high of ₹190.00 and a 52-week low of ₹128.15, reflecting its performance in the past year.
