Arkade Developers Expands Footprint with ₹740 Crore Redevelopment Project in Malad, Mumbai

Introduction

Arkade Developers, a prominent name in Mumbai's real estate sector, has recently announced its latest redevelopment project in Malad West. The project, which carries a Gross Development Value (GDV) of ₹740 crore, involves the redevelopment of Nutan Ayojan, a cooperative housing society. This strategic move highlights Arkade Developers’ commitment to revitalising established neighborhoods with modern, high-quality residential spaces.

Project Overview

On February 19, Arkade Developers signed a development agreement to undertake this significant redevelopment project. Spanning an area of 6,858 sq mtrs, the project will deliver a total saleable RERA carpet area of approximately 2.33 lakh sq ft. With this redevelopment, Arkade aims to cater to homebuyers looking for premium living spaces in one of Mumbai’s fastest-growing western suburbs.

Key Features of the Project

Luxury Residences: The development will feature 2 BHK and 3 BHK luxury apartments, designed to meet the evolving needs of modern homeowners.

Tower Configuration: The project comprises 32 residential floors, ensuring a grand skyline addition to Malad West.

Total Units: Upon completion, the project will offer 408 residential units, with approximately 215 available for sale.

Premium Amenities: The project promises top-tier amenities, enhancing the lifestyle of its residents.

Strategic Vision and Growthe

Amit Jain, Chairman and Managing Director of Arkade Developers, emphasized the company's commitment to urban renewal. He stated that the project is designed to provide modern living solutions while retaining the essence of the existing community.

“We aim to capitalise on high-growth micro-markets through redevelopment, strategic asset acquisitions, and unlocking the value of our land bank. By expanding our launch pipeline, we are set to accelerate our growth strategy," Jain added.

Malad West: A Booming Real Estate Destination

Malad West has emerged as one of Mumbai’s most sought-after real estate locations, owing to its:

Excellent Connectivity: The area is well-connected via the Western Express Highway, Link Road, and upcoming metro corridors.

Proximity to Business Hubs: Malad’s strategic location ensures seamless access to major commercial hubs.

Strong Investment Potential: The per sq ft price of residential apartments in Malad West ranges from ₹35,000 to ₹40,000, making it an attractive investment option.

Arkade Developers' Expanding Redevelopment Portfolio

Arkade Developers has been aggressively expanding its presence in Mumbai’s redevelopment market. Prior to the Malad project, the company announced a major cluster redevelopment initiative in Dahisar on February 12, with a GDV of ₹1,700 crore. This project involves the redevelopment of Anand Nagar Society on a 6.5-acre land parcel, offering a total saleable area of approximately 6.76 lakh sq ft.

The Future of Redevelopment in Mumbai

Redevelopment has become a crucial strategy in Mumbai’s real estate sector, allowing for the transformation of aging buildings into modern, high-quality residences.

Urban Revitalisation: Projects like Arkade’s Malad and Dahisar redevelopments contribute to the city’s urban renewal, enhancing both aesthetics and infrastructure.

Government Support: Redevelopment projects are often backed by favorable policies, facilitating smoother implementation.

Increased Housing Supply: Redevelopment initiatives help bridge the demand-supply gap in Mumbai’s real estate market.

Conclusion

Arkade Developers’ ₹740 crore redevelopment project in Malad West marks a significant milestone in Mumbai’s real estate landscape. By integrating luxury, sustainability, and strategic location advantages, the project is set to redefine urban living. As Arkade continues to expand its redevelopment portfolio, homebuyers and investors can look forward to premium residential offerings in Mumbai’s key micro-markets.