Arkade Developers Limited — Important, 28-01-2025: Updates

Arkade Developers has acquired a 4-acre land parcel in Goregaon West for ₹165 Crore, with expectations of generating projected revenue of ₹2,000 Crore. Currently leased to Filmistan Pvt Ltd, the property was purchased from Aspen Properties Pvt Ltd and Kamanwala Housing Construction Ltd. The site is set to undergo development into a modern luxury project, boasting a saleable area exceeding 5 lakh square feet. This strategic acquisition enhances Arkade’s portfolio in Mumbai's dynamic real estate market, showcasing its commitment to creating exceptional residential spaces. The location benefits from strong connectivity to business hubs and social infrastructure, positioning it as an attractive investment. Alongside this, Arkade has successfully received four occupancy certificates for premium projects in the region ahead of schedule and is in the process of handing over over 500 possessions, indicating a robust operational performance.