Latest news with #ArkadeDevelopers
Business Standard
3 days ago
- Business
- Business Standard
Arkade Developers acquires redevelopment project in Goregaon West, Mumbai
Arkade Developers acquires redevelopment rights of a strategically located society in Bangur Nagar, Goregaon West. Spread across 1.1 acres, the site offers a RERA saleable area of approx. 86,000 sq. ft and an estimated revenue potential of Rs 350 crores. The project will feature a mix of residential and commercial spaces, further strengthening its footprint in the Western suburbs. This marks the company's 5th acquisition in the Goregaon- Malad micro-market in recent times. Furthermore, Arkade Developers has 4 completed and 3 ongoing projects within this residential belt. The upcoming development is designed to offer thoughtfully planned homes with a configuration mix of 2 and 3 BHK's. Strategically positioned with excellent connectivity and robust social infrastructure, this project adds significant value to Arkade Developers' growth strategy in Mumbai's western market.
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Business Standard
3 days ago
- Business
- Business Standard
Arkade acquires redevelopment project in Goregaon, eyes ₹350 cr in revenue
Arkade Developers has acquired redevelopment rights for a society located in Bangur Nagar, Goregaon West, with a revenue potential of Rs 350 crore. The society is spread across 1.1 acres and offers a saleable area of approximately 86,000 square feet. The project will feature a mix of residential and commercial spaces. This marks the company's fifth acquisition in the Goregaon–Malad micro-market in recent times. The company already has four completed and three ongoing projects within this residential belt. Amit Jain, chairman and managing director, Arkade Developers, said: 'Our foray into yet another society redevelopment project in Goregaon reaffirms Arkade's strong and growing footprint in this vital Mumbai suburb. We understand Goregaon's unique pulse and potential, having successfully delivered transformative projects in the area in the past. This latest acquisition aligns with our vision to create vibrant, future-ready spaces that add enduring value for homeowners, commercial users and the wider community.' Besides, in the past one year, Goregaon West has seen 1,300 new property sale transactions with a gross sales value of Rs 1,961 crore, according to Square Yards Data Intelligence, a real estate data analytics firm. The property rate in the area stood at Rs 35,208 per square foot as of the first quarter of the calendar year 2025 (Q1 CY25), against Rs 34,572 per square foot in Q1 CY24. Earlier this month, the company bought a 6.28-acre freehold land parcel in Thane, a part of the Mumbai Metropolitan Region (MMR), for Rs 172.48 crore, including stamp duty. In April, Arkade secured the cluster redevelopment rights for the redevelopment project of four housing societies in Borivali in the MMR, with an estimated gross development value of Rs 865 crore. In February, the company secured another cluster redevelopment project with a gross development value of Rs 1,700 crore in Dahisar, a micro-market in the MMR.
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Business Standard
16-06-2025
- Business
- Business Standard
Arkade Developers shares rise 3% on ₹2,000 crore Thane project foray
Shares of Arkade Developers rose nearly 3 per cent on Monday after it entered the Thane market with a 6.28-acre project with an estimated gross development value (GDV) of ₹2,000 crore. The real estate firm, Arkade Developer's stock rose as much as 2.9 per cent during the day to ₹196.7 per share. The stock trimmed gains to trade 1.5 per cent higher at ₹194.8 apiece, compared to a 0.02 per cent advance in Nifty 50 as of 9:55 AM. Shares of the company snapped a two-day fall on Monday and have risen over 27 per cent from its lows of ₹151.9, which it hit in May. The stock has risen 11.5 per cent this year, compared to a 4.8 per cent advance in the benchmark Nifty 50. Arkade Developers has a total market capitalisation of ₹3,592.59 crore, according to BSE data. Track LIVE Stock Market Updates Here Arkade Developers bags ₹172.48 crore worth land parcel The company, in an exchange filing on Friday, said it bought a 6.28-acre freehold land parcel in Thane, a part of the Mumbai Metropolitan Region (MMR), for ₹172.48 crore. The company plans to develop a mixed-use project on the acquired land, with a gross development value of ₹2,000 crore and a Real Estate Regulatory Authority (RERA) saleable area of 9.26 lakh sq ft. The launch is scheduled for early 2026. The land parcel is located at Kasarvadavali, off Ghodbunder Road, in Thane West. JLL India was the transaction advisor for the deal. "With a strong presence in central locations such as Kanjurmarg, Mulund, and Bhandup, our entry into the Thane market marks a significant milestone in our growth journey," according to Amit Jain, chairman and managing director. "Thane, with its rapidly evolving infrastructure including upcoming metro lines and other major projects, is emerging as a key growth hub for residential and commercial projects. Our strategy is aligned with the overall market trend towards luxury housing.' Arkade Developers Q4 results The realty firm reported a 70 per cent increase in its consolidated net profit to ₹33.26 crore for the latest quarter ended March. Its net profit stood at ₹19.61 crore in the year-ago period. Total income rose to ₹134.34 crore in the fourth quarter of the last fiscal from ₹123.13 crore in the corresponding period of the preceding year.
Business Upturn
16-06-2025
- Business
- Business Upturn
Arkade Developers shares rise 2% after company announces Rs 2,000 crore Thane project
By Aditya Bhagchandani Published on June 16, 2025, 09:24 IST Shares of Arkade Developers Ltd rose over 2% to ₹195.50 in Monday's early trade after the company announced a strategic land acquisition in Thane. The Mumbai-based real estate company confirmed its foray into the Thane market with a 6.28-acre freehold land parcel at Kasarvadavali, Ghodbunder Road. The company disclosed that the transaction, valued at ₹172.48 crore including stamp duty, is intended for a marquee mixed-use development with a projected gross development value (GDV) of ₹2,000 crore. The project is expected to offer 2, 3, and 4 BHK residences alongside curated retail and commercial spaces, with launch slated for early 2026. The site offers sweeping views of the Sanjay Gandhi National Park and benefits from strong infrastructure connectivity via Eastern Express Highway and the upcoming Metro Line 4 and Thane-Borivali twin tunnel. Arkade Developers Chairman & MD Amit Jain noted that the Thane expansion marks a major milestone in the company's growth, adding to recent developments in Kanjurmarg, Mulund, and Bhandup. The company also highlighted its recent acquisition of the 4-acre Filmistan land parcel in Goregaon with an estimated GDV of ₹3,000 crore. As of the latest update, Arkade Developers shares were trading at ₹195.50, up 2.25% from the previous close of ₹191.20. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
14-06-2025
- Business
- Business Standard
Arkade Developers acquires 6.28 acre land in Thane; targets Rs 2000 cr GDV
Arkade Developers said that it has acquired a 6.28 acre freehold land parcel for a total consideration of Rs 172.48 crore including stamp duty, marking its foray into the Thane real estate market. The transaction will pave the way for a marquee mixed-use development with a projected gross development value (GDV) of Rs 2,000 crore having a RERA saleable area of 9.26 lakh sq. ft., the project launch is slated for early 2026. Strategically nestled at Kasarvadavali off Ghodbunder Road in Thane West, this upcoming development is set to emerge as a landmark destination, offering a harmonious mix of thoughtfully crafted 2, 3, and 4 BHK residences along with curated retail and commercial spaces. The project boasts sweeping views of the Sanjay Gandhi National Park and seamless connectivity via Ghodbunder Road, the Eastern Express Highway. Amit Jain, chairman and managing director, Arkade Developers, said, With a strong presence in central locations such as Kanjurmarg, Mulund, and Bhandup, our entry into the Thane market marks a significant milestone in our growth journey. Thane, with its rapidly evolving infrastructure including upcoming metro lines and other major projects, is emerging as a key growth hub for residential and commercial projects. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory, creating enduring value for all stakeholders. FY25 marks a year of prominence, during which we also acquired the legendary 4-acre land parcel in Goregaon, previously leased to Filmistan, having an estimated GDV of Rs 3,000 crore. Arkade Developers is a leading luxury real estate developer in Mumbai. The company is engaged in the development of new projects (development / construction of residential premises on land acquired by the company) and redevelopment of existing premises. The companys consolidated net profit jumped 69.5% to Rs 33.26 crore on 7% increase in net sales to Rs 131.45 crore in Q4 FY25 over Q4 FY24. The counter fell 0.26% to settle at Rs 191.45 on Friday, 13 June 2025.
