Deals8 Apr 2025, 04:46 pm
Arkade Developers Registers Development Agreement for Cluster Redevelopment in Borivali West with Estimated GDV of ₹865 Crores
AI Summary
Listed entity, Arkade Developers Limited has secured the cluster redevelopment rights and registered the DA for Satya Shreepal Nagar A CHS Ltd., Om Shreepal Nagar B & C CHS Ltd., Sheetal Shreepal CHS Ltd. and Sai Shreepal CHS Ltd; in proximity to Mahavir Nagar, the project spans 7,084 square meters and is set to deliver a projected saleable carpet area of approximately 2.44 lakh square feet. The development carries an estimated top line of ₹865 crores, marking a significant addition to Arkade’s growing portfolio in the western suburbs.
Key Highlights
- Arkade Developers Limited has secured the cluster redevelopment rights for Satya Shreepal Nagar A CHS Ltd., Om Shreepal Nagar B & C CHS Ltd., Sheetal Shreepal CHS Ltd. and Sai Shreepal CHS Ltd.
- The project spans 7,084 square meters and is set to deliver a projected saleable carpet area of approximately 2.44 lakh square feet.
- The development carries an estimated top line of ₹865 crores.
- The project is located in proximity to Mahavir Nagar, one of Mumbai’s well-connected residential zones.
- The project reflects the increasing momentum of large-scale, community-focused transformations across the city.