Deals19 Feb 2025, 04:57 pm
Arkade Developers Secures Development Rights for Project in Malad West with GDV of ₹740 Crores
AI Summary
Arkade Developers Ltd, a listed entity, has secured the redevelopment rights for Nutan Ayojan, a co-operative housing society in Malad West, Mumbai. The project, spanning 6,858.90 square meters, is expected to generate a gross development value (GDV) of approximately ₹740 crores. The development will feature luxury residence configurations of 2 & 3 BHK apartments, catering to the evolving needs of homebuyers seeking premium living spaces in Mumbai’s Western Suburbs. Upon completion, the project will offer 408 homes, out of which approximately 215 units will be available for sale.
Key Highlights
- Arkade Developers has secured the redevelopment rights for a co-operative housing society in Malad West, Mumbai.
- The project is expected to generate a gross development value (GDV) of approximately ₹740 crores.
- The development will feature luxury residence configurations of 2 & 3 BHK apartments.
- Upon completion, the project will offer 408 homes, out of which approximately 215 units will be available for sale.
- Malad West is one of Mumbai’s fastest-growing real estate destinations.