Arkade Developers launches seven projects worth Rs 500-cr in Mumbai
Arkade Developers has launched six redevelopment projects and one new development project in various suburbs of Mumbai. The company plans to invest around Rs 500 crore in these projects, which are expected to have a revenue potential of Rs 1,250 crore. The ongoing projects are located in Santacruz West, Andheri East, Goregaon East, and Borivali West, with a combined construction area potential of 1.20 million sq. ft. The company is also in discussions to sign an MoU for the purchase of land measuring approximately 12,000 sq. mtrs. at Bhandup. Arkade Developers has already received occupation certificates for two of its completed projects located in Vile Parle East and Malad West in Mumbai. Additionally, the company plans to launch a new acquisition project in Mulund in the next quarter, with a potential topline of Rs 600 crore.