Arkade Developers Acquires Goregaon West Project; Set to Reshape Mumbai Realty with INR 350 Cr Development

Arkade Developers has secured the redevelopment rights for a 1.1-acre society located in Bangur Nagar, Goregaon West, Mumbai. The upcoming mixed-use project will offer approximately 86,000 sq. ft. of saleable area and is expected to generate a revenue of INR 350 crore. This acquisition reinforces Arkade’s strategy to strengthen its footprint in Mumbai’s fast-evolving micro-markets through high-value redevelopment opportunities.

Strengthening Presence in the Goregaon–Malad Belt

This project marks Arkade’s fifth development in the Goregaon–Malad corridor, adding to its portfolio of four completed and three ongoing projects in the area. The company's consistent investment in this region reflects the growing demand for modern urban housing and commercial spaces in Mumbai’s western suburbs. With strategic connectivity, infrastructure growth, and urban renewal efforts, Goregaon West continues to be a top choice for developers and homebuyers alike.

Vision to Build Future-Ready Urban Spaces

Amit Jain, Chairman and Managing Director of Arkade Developers, expressed that this move showcases Arkade’s commitment to “creating vibrant, future-ready spaces” tailored for both homeowners and communities. He added, “Our foray into yet another society redevelopment project in Goregaon reaffirms Arkade’s strong and growing footprint in this vital Mumbai suburb.” The company aims to bring thoughtful design, community-centric amenities, and sustainable infrastructure into every project it undertakes.

Aggressive Land Acquisition Strategy Across Mumbai

Arkade Developers has been on an expansion spree across Mumbai’s property landscape. In recent months, the company acquired a 6.28-acre land parcel in Thane for INR 172.48 crore, secured a large-scale Borivali project worth INR 865 crore, and took on a Dahisar redevelopment initiative pegged at INR 1,700 crore. These strategic acquisitions indicate Arkade’s robust capital deployment and long-term commitment to Mumbai’s redevelopment-driven growth model.

Market Outlook: Boost for Homebuyers & Local Economy

Arkade’s growing portfolio of redevelopment projects is expected to enhance housing supply, improve infrastructure, and boost local economic activity. These urban renewal projects not only provide modern amenities to residents but also uplift aging neighborhoods, aligning with Mumbai’s broader real estate transformation goals. The Bangur Nagar development is expected to create job opportunities, support ancillary industries, and increase demand for lifestyle-driven real estate offerings.

???? Key Highlights: Arkade Developers' Mumbai Expansion

• Redevelopment rights acquired for 1.1-acre society in Bangur Nagar, Goregaon West.

• Project offers approx. 86,000 sq. ft. of saleable area, with INR 350 crore in projected revenue.

• Fifth project in the Goregaon–Malad micro-market, with four already completed and three ongoing.

• Arkade’s CMD Amit Jain reaffirms focus on building future-ready, community-focused developments.

• Recent acquisitions:

  • Thane: 6.28-acre land for INR 172.48 crore

  • Borivali: Project worth INR 865 crore

  • Dahisar: Redevelopment valued at INR 1,700 crore

• Continued focus on redevelopment opportunities across Mumbai’s key growth corridors.

• Positive implications for homebuyers, local employment, and real estate transformation.

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