New Launch28 Jan 2025, 08:44 pm
Arkade Developers Acquires 4-Acre Land Parcel in Goregaon West for 165 Crores
AI Summary
Arkade Developers Ltd, a leading luxury real estate developer in Mumbai, has completed the acquisition of a 4-acre land parcel in Goregaon West from Aspen Properties Pvt Ltd and their joint venture partners for a total consideration of INR 165 crore. The project is expected to generate a revenue of INR 2,000 crore. The site, currently leased to Filmistan Pvt Ltd, has a historical significance in Mumbai's cinematic culture. Arkade Developers has received four OCs of its premium projects ahead of the RERA schedule in the western suburbs and is in the process of handing over 500+ possessions.
Key Highlights
- Arkade Developers acquires a 4-acre land parcel in Goregaon West for INR 165 crore.
- The project is expected to generate a revenue of INR 2,000 crore.
- The site has a historical significance in Mumbai's cinematic culture.
- Arkade Developers has received four OCs of its premium projects ahead of the RERA schedule.
- The company is in the process of handing over 500+ possessions.