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Arkade Developers jumps on securing redevelopment project of 6.5 acres

12 Feb 2025 Evaluate

Arkade Developers is currently trading at Rs. 150.40, up by 2.95 points or 2.00% from its previous closing of Rs. 147.45 on the BSE.

The scrip opened at Rs. 145.75 and has touched a high and low of Rs. 154.80 and Rs. 143.45 respectively. So far 48726 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 190.00 on 24-Sep-2024 and a 52 week low of Rs. 128.30 on 21-Nov-2024.

Last one week high and low of the scrip stood at Rs. 161.15 and Rs. 143.45 respectively. The current market cap of the company is Rs. 2777.53 crore.

The promoters holding in the company stood at 70.82%, while Institutions and Non-Institutions held 1.41% and 27.77% respectively.

Arkade Developers has secured redevelopment project of 6.5 acres in Dahisar having gross development value (GDV) of approximately Rs 1700 crore. The project is set to offer a total saleable area of approximately 676,000 square feet and it will feature residential and commercial spaces aimed at meeting the growing demand for high-quality developments in the region. Dahisar is a fast-growing micro-market and the project is strategically located in proximity to Dahisar Station, Anand Nagar Metro Station and Western Express Highway.

The company is poised for significant business growth with a robust pipeline of 16 projects in the MMR region of which 6 ongoing developments and 10 upcoming developments.

Earlier, the company had acquired a 4 acres land parcel in Goregaon West and it is currently leased to Filmistan and with a projected revenue of Rs 2000 Crore.

Arkade Developers is primarily engaged in real estate development. The operations of the company span all aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of Commercial and residential projects.

Arkade Developers Share Price

114.02 -2.80 (-2.40%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 855.85
Dilip Buildcon 450.15
DLF 595.85
Oberoi Realty 1695.70
Ahluwalia Contract(I 833.35
View more..

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