Arkade Developers has achieved another milestone by securing the redevelopment rights for Nutan Ayojan, a co-operative housing society in Malad West. This strategic expansion reinforces the company’s presence in Mumbai’s prime micro-markets, adding to its impressive portfolio of high-quality residential projects.
Spanning 6,858.90 square meters, the project is set to deliver a gross development value (GDV) of approximately ₹740 crores. With a total saleable RERA carpet area of around 233,000 square feet, the development will feature premium 2 and 3 BHK residences, catering to the growing demand for luxury living in Mumbai’s Western Suburbs. Designed to offer an elevated lifestyle, the proposed structure includes two basements, four podium parking levels, an eco-deck, and 32 residential floors, ensuring a blend of convenience and modern amenities. Upon completion, the project will offer 408 homes, with nearly 215 units available for sale.
Malad West has emerged as a sought-after real estate destination due to its excellent connectivity via the Western Express Highway, Link Road, and upcoming metro corridors. Arkade Developers’ redevelopment of Nutan Ayojan aligns with its vision of revitalizing established neighborhoods with contemporary and high-quality infrastructure.
Amit Jain, Chairman and Managing Director, Arkade Developers, commented, “This project is designed to offer residents innovative homes and a modern lifestyle while preserving the familiarity of their trusted surroundings. Aligned with our broader vision, we aim to capitalize on high-growth micro-markets through redevelopment, strategic asset acquisitions, and unlocking our land bank’s value. By expanding our launch pipeline, we are set to accelerate our growth strategy.”
