Arkade Developers bags cluster redevelopment project with GDV of Rs 1.7k cr

The project will offer a total saleable area of approximately 6.76 lakh square feet

Arkade Developers has secured a cluster redevelopment project with a gross development value of Rs 1,700 crore in Dahisar, a micro-market in the Mumbai Metropolitan Region (MMR). The land parcel spans 6.5 acres, and the project may offer a total saleable area of approximately 6.76 lakh square feet. Amit Jain, chairman and managing director of Arkade Developers, said, “The real estate sector is experiencing positive momentum, fuelled by the 2025 Union Budget and its focus on housing and rental market growth. This favourable environment has spurred Arkade Developers to acquire five new projects this year—four redevelopment projects and one outright project—strategically located in prime MMR regions." Jain informed that the company has received four occupation certificates (OCs) ahead of the committed Real Estate Regulatory Authority (RERA) schedules. The company will develop two-, three-, and four-bedroom luxury residences. Earlier, the company acquired a four-acre land parcel in Goregaon West in January 2025. The parcel is currently leased to Filmistan Pvt Ltd and is estimated to generate revenue of Rs 2,000 crore once developed.