Arkade Developers Acquires Redevelopment Project in Goregaon West
By Shishta Dutta | Published at: Jun 26, 2025 04:53 PM IST
Mumbai, June 26, 2025: Arkade Developers Ltd (NSE: ARKADE, BSE: 544261) has acquired a redevelopment project in Goregaon West with an estimated revenue potential of ₹350 crore. This marks the developer’s fifth acquisition within the Goregaon-Malad micro-market, strengthening its position in the western suburbs of Mumbai.
Shares of Arkade Developers Ltd closed at ₹193.00, registering a decline of ₹1.39 or 0.72% on the BSE, shortly after the company announced the acquisition of a ₹350 crore redevelopment project in Goregaon West. The stock opened the day at ₹192.50, touched an intraday high of ₹197.35, and dropped to a low of ₹192.10 before settling near the day’s lower range. At market close, the company’s market capitalisation stood at ₹3,580 crore, with a P/E ratio of 20.86.
Key Details of the Goregaon Redevelopment Project
The recently acquired rights pertain to a 1.1-acre residential society situated in Bangur Nagar, Goregaon West. The project will span a RERA saleable area of approximately 86,000 sq. ft., comprising both residential and commercial spaces.
| Project Details | Data |
|---|---|
| Location | Bangur Nagar, Goregaon West |
| Area | 1.1 acres |
| RERA Saleable Area | Approx. 86,000 sq. ft |
| Estimated Revenue Potential | ₹350 crore |
| Unit Configuration | 2 & 3 BHK |
| Development Type | Residential + Commercial Redevelopment |
This acquisition adds to Arkade’s already solid portfolio in the Goregaon-Malad belt, where it has 4 completed and 3 ongoing projects.
Strategic Value of the Acquisition
Commenting on the development, Amit Jain, Chairman and Managing Director of Arkade Developers Ltd, remarked:
“Our entry into another redevelopment venture in Goregaon reaffirms Arkade’s expanding presence in one of Mumbai’s most important suburbs. This initiative fits perfectly with our mission to develop dynamic, future-ready environments that deliver lasting value to residents, business owners, and the wider community.”
The site boasts excellent connectivity and access to established social infrastructure, making it an attractive proposition for both homebuyers and commercial investors.
Company Profile and Performance Snapshot
Based in Mumbai, Arkade Developers has been in operation for 39 years and is listed on both the BSE and NSE. The company has a proven track record in residential real estate, having delivered over 5.5 million sq. ft. to date, with more than 2 million sq. ft. currently under construction. It has completed 31 projects and has catered to 5,500+ families, maintaining its brand ethos of “Family First.”
| Metric | Value |
|---|---|
| Years in Operation | 39 years |
| Completed Projects | 31 |
| Total Area Developed | 5.5+ million sq. ft. |
| Ongoing Construction | 2+ million sq. ft. |
| Families Served | 5,500+ |
| Listed Exchanges | NSE, BSE |
Growth Strategy Focused on High-Potential Redevelopment
With this new project, Arkade is pushing forward with its aggressive expansion within the Mumbai Metropolitan Region (MMR). The company continues to prioritise high-value redevelopment opportunities, with a sharp focus on the Goregaon area. This latest move highlights Arkade’s commitment to delivering premium urban housing and commercial environments in one of Mumbai’s fastest-growing real estate zones.
REF: https://nsearchives.nseindia.com/corporate/ARKADE_26062025142643_Business_updates.pdf
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