Arkade Secures Kandivali East Cluster Redevelopment Project Shares Rise 1.78%

Mumbai, May 27: Arkade Developers has secured redevelopment rights for a cluster project in Kandivali East, Mumbai, with a projected Gross Development Value (GDV) of approximately ₹1,100 crore, according to a business update filed with the stock exchanges.

The project comprises the redevelopment of nine housing societies with a saleable RERA carpet area of around 325,000 square feet. Spread across nearly three acres in Ashok Nagar, Kandivali East, the development is expected to feature premium residential units aimed at urban homebuyers.

The company said the project ranks among the more significant redevelopment opportunities in the micro-market and aligns with its strategy of expanding its footprint in Mumbai’s residential redevelopment segment.

In the filing, Arkade highlighted Kandivali East’s strong connectivity through the Western Express Highway, suburban railway network and Metro Line 2A, factors that continue to support residential demand in the locality.

Stok Market Snapshot

Arkade Developers share price advanced following the announcement.

As of 10:57 AM IST on May 27, 2026, the stock was trading at ₹125.00, up ₹2.19 or 1.78% from the previous close of ₹122.81.

The stock touched ₹127.00 and a low of ₹120.81 during the session. Investors appeared to respond positively to the addition of a sizeable redevelopment project that could strengthen the company’s future project pipeline.

While the company disclosed the estimated GDV, it did not provide a detailed timeline for project execution or expected revenue recognition.

Company Background

Arkade Developers is a Mumbai-focused residential real estate developer with a track record spanning more than four decades. The company is listed on both the BSE and NSE and primarily develops residential projects across the Mumbai Metropolitan Region.

According to company information, Arkade has completed 32 projects and delivered homes to more than 5,500 families. The developer has built over 5.5 million square feet of real estate and has an additional development pipeline exceeding 2 million square feet under construction.

The company has been actively expanding through redevelopment opportunities, a segment that continues to gain momentum in Mumbai due to limited land availability and increasing demand for modern housing stock.

Conclusion

The Kandivali East cluster redevelopment project adds another sizeable development opportunity to Arkade Developers’ portfolio and reinforces its presence in Mumbai’s redevelopment market.

With a projected GDV of around ₹1,100 crore, the project has the potential to contribute meaningfully to the company’s long-term pipeline, subject to regulatory approvals, execution milestones and market demand. The development was disclosed through an exchange filing on Monday.

Source:

• https://www.nseindia.com/get-quote/equity/ARKADE/Arkade-Developers-Limited
• https://nsearchives.nseindia.com/corporate/ARKADE_27052026102013_press_release.pdf