Latest news with #ArkadeDevelopersLimited
Hindustan Times
4 days ago
- Business
- Hindustan Times
Mumbai real estate: Arkade to develop luxury apartments in Goregaon's Filmistan studio land, ₹3,000 crore projected GDV
Mumbai-based listed developer Arkade Developers Limited said on July 3 that it has entered into a binding agreement to acquire the entire stake in Filmistan Pvt Ltd for ₹ 183 crore. The company plans to launch a project with luxury apartments having a gross development value of ₹ 3,000 crore. Mumbai-based listed developer Arkade Developers Limited said on July 3 that it has entered into a binding agreement to acquire the entire stake in Filmistan Pvt Ltd for ₹ 183 crore. (Picture for representational purposes only)(Mehul R Thakkar/HT) According to the company, this acquisition will enable Arkade Developers to develop the iconic 4-acre land parcel situated on SV Road in Goregaon West, popularly known as 'Filmistan Studios.' The company said that the project is scheduled for a tentative launch in the calendar year of 2026 and is planned for an uber-luxury residential development that will feature spacious 3, 4, and 5 BHK residences along with exclusive penthouses, across two striking high-rise towers of 50 storeys each. With a projected Gross Development Value (GDV) of ₹ 3,000 crore, the project is poised to become a landmark in premium housing in Western Mumbai. Mumbai-based listed developer Arkade Developers Ltd announced on July 3 that it has entered into a binding agreement to acquire the entire stake in Filmistan Pvt Ltd for ₹ 183 crore. The acquisition will enable Arkade to develop the iconic 4-acre land parcel on SV Road, Goregaon West, popularly known as Filmistan Studios. Also Read: ₹ 8.5 crore for a 5 BHK apartment in Mumbai's Borivali sparks social media reactions The developer plans to launch an uber-luxury residential project on the site in 2026, featuring spacious 3, 4, and 5 BHK apartments and exclusive penthouses across two 50-storey high-rises. With a projected Gross Development Value (GDV) of ₹ 3,000 crore, the project is set to become a premium housing landmark in Western Mumbai. "Filmistan Studios holds immense emotional and legacy significance for Mumbai, and we are privileged to be entrusted with shaping its next chapter. This development will go beyond being a premium address, and it will offer a thoughtfully curated lifestyle experience for a discerning few. At Arkade Developers, we are not just creating homes; we are crafting a legacy that reflects the dynamic aspirations of our ever-evolving city," Amit Jain, chairman and managing director, Arkade Developers Limited, said. "Our track record across MMR stands as a testament to our commitment to quality, timely delivery, and design excellence. With a focused strategy across the western suburbs, we are actively expanding our footprint in this region with a couple of launches planned in early 2026. The upcoming transformation of the iconic Filmistan Studios will be a pivotal moment in our journey, foraying our position in the uber-luxury segment and reaffirming our promise to deliver spaces that are both timeless and transformative," Jain said. Also Read: 1.7 lakh homes sold across top eight cities in H1 2025; NCR overtakes Mumbai in ultra luxury housing sales Goregaon's real estate landscape According to the company, Goregaon has rapidly transformed into one of Mumbai's most promising and strategically positioned residential corridors. With its exceptional connectivity, including proximity to the Western Express Highway, metro lines, and key arterial roads, the suburb offers seamless access to major commercial hubs such as Mindspace, BKC, Goregaon, Andheri, etc. Also Read: Gautam Singhania on luxury real estate: 'If Raymond can make ₹ 16 lakh jackets, why not ₹ 100 crore apartments someday?' Beyond connectivity, Goregaon boasts a robust social infrastructure, featuring renowned schools, hospitals, shopping centres, malls, entertainment centres, and expansive green pockets like Aarey Forest. Local brokers said the average per sq ft price of an apartment in Goregaon West is around ₹ 30,000 to ₹ 40,000, depending on several factors.
Business Upturn
26-06-2025
- Business
- Business Upturn
Arkade Developers acquires new redevelopment project in Goregaon West with Rs 350 crore revenue potential
By Aman Shukla Published on June 26, 2025, 14:29 IST Arkade Developers Limited has acquired redevelopment rights for a key residential society in Bangur Nagar, Goregaon West, Mumbai. The 1.1-acre site offers a RERA saleable area of approximately 86,000 sq. ft. and an estimated revenue potential of ₹350 crore. The project will feature a mix of residential and commercial spaces, reinforcing Arkade's presence in the fast-growing Goregaon-Malad micro-market. This marks the company's fifth acquisition in this belt, where it already has four completed and three ongoing projects. Designed to offer a blend of 2 and 3 BHK thoughtfully planned homes, the new development is strategically located with excellent road, rail, and metro connectivity, along with access to robust social infrastructure. Amit Jain, Chairman and Managing Director, Arkade Developers Limited, commented, '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.' This acquisition aligns with Arkade's continued focus on high-potential redevelopment opportunities in Mumbai's Western suburbs. The company aims to deliver modern living spaces that reflect its commitment to quality, design, and sustainable urban living. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Hindustan Times
13-06-2025
- Business
- Hindustan Times
Arkade Developers acquires 6.28-acre land parcel in Thane near Mumbai for ₹172 crore
Mumbai-based listed real estate developer, Arkade Developers, on June 13 announced purchasing a 6.28-acre land parcel in Thane near Mumbai for ₹172 crore. The company plans to develop a mixed-use project with a projected gross development value (GDV) of ₹2,000 crore and having a RERA saleable area of 9.26 lakh sq ft, according to the company statement. The company said the land parcel is located at Kasarvadavali off Ghodbunder Road in Thane West, and it plans to build 2, 3, and 4 BHK residences along with retail and commercial spaces. The project faces the Sanjay Gandhi National Park (SGNP) and is wll connected through Ghodbunder Road, the Eastern Express Highway, according to the company statement. '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," said Amit Jain, chairman and managing director, Arkade Developers Limited. Also Read: Cricketer K L Rahul and his father-in-law, actor Suniel Shetty, buy land for ₹9.85 crore near Mumbai "Our strategy is aligned with the overall market trend towards luxury housing. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory, creating enduring value for all stakeholders. FY 25 marks a year of prominence, during which we also acquired the legendary 4-acre land parcel in Goregaon, previously leased to Filmistan Pvt. Ltd, having an estimated GDV of ₹3,000 crore," Jain said. Also Read: Rustomjee Group launches housing project in Dombivli near Mumbai with a revenue potential of ₹1,800 crore The company said that the upcoming Metro line 4 and the Thane-Borivali twin tunnel will bring significant transformation. Also Read: L&T Realty signs pact for joint development of 12 acre land in Thane with a potential of ₹697 crore According to the company, Ghodbunder Road, in particular, continues to draw discerning homebuyers and investors. Jones Lang LaSalle (JLL) India was an exclusive transaction advisor for this deal.
Business Upturn
22-04-2025
- Business
- Business Upturn
Arkade Developers Q4 FY25 pre-sales rise 10.6% YoY to Rs 217 crore
Arkade Developers Limited, a luxury real estate developer based in Mumbai, has reported its operational performance for the fourth quarter ending 31st March 2025 and for the full financial year 2024-25. For the financial year 2024-25, the company recorded pre-sales of INR 773 crores, representing a 19.8% year-on-year increase compared to INR 645 crores in FY 2023-24. Collections for the year reached INR 716 crores, up 21.8% from the previous year's INR 588 crores. In terms of area sold, Arkade reported 249,000 sq. ft. in FY25, up from 203,000 sq. ft. in FY24, indicating a 22.7% growth. During the fourth quarter of FY25, Arkade Developers posted pre-sales of INR 217 crores, marking a 10.6% increase over Q4 FY24, which stood at INR 196 crores. Collections during the same quarter amounted to INR 238 crores, showing a 35.2% rise from INR 176 crores in Q4 FY24. The area sold in Q4 FY25 was 70,000 sq. ft., a 9.4% increase from 64,000 sq. ft. in the corresponding quarter of the previous year. Throughout the year, the company launched three residential projects in Mumbai: Arkade Rare in Bhandup, and Arkade Views and Arkade Vistas in Goregaon. Additionally, it received four occupation certificates (OCs) ahead of the RERA schedule for Arkade Crown, Arkade Aspire, Arkade Aura, and Arkade Prime. Arkade Developers also handed over more than 650 residential units, indicating adherence to delivery timelines. Further, the company acquired a total of 15.5 acres of land in Mumbai's western suburbs, with an estimated gross development value (GDV) of INR 8,590 crores. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
