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Arkade Developers registers development agreement for cluster redevelopment in Borivali west

Arkade Developers Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 544261 | NSE: ARKADE

08 Apr 2025 Evaluate

Arkade Developers has secured the cluster redevelopment rights and registered the DA (development agreement) for Satya Shreepal Nagar A CHS, Om Shreepal Nagar B & C CHS, Sheetal Shreepal CHS and Sai Shreepal CHS; in proximity to Mahavir Nagar, Borivali west the project spans 7,084 square meters and is set to deliver a projected saleable carpet area of approximately 2.44 lakh square feet.

The development carries an estimated top line of Rs 865 crore, marking a significant addition to Arkade’s growing portfolio in the western suburbs. Situated in one of Mumbai’s well-connected residential zones, the cluster redevelopment project reflects the increasing momentum of largescale, community-focused transformations across the city. The project will be designed to blend modern lifestyle features with functional, sustainable architecture--an approach Arkade has become known for in its ongoing mission to enhance urban living standards.

The project reinforces Arkade Developers’ commitment to strategic, high-value redevelopment in Mumbai’s land-constrained environment and further strengthens its foothold as a trusted player in the city’s transformation narrative. Arkade Developers continues to strengthen its presence in the MMR region with a robust pipeline of projects. With a focus on timely delivery and premium construction quality, the company remains at the forefront of Mumbai’s evolving real estate market, contributing significantly to the city’s urban transformation.

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

116.82 -2.63 (-2.20%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Lodha Developers	871.70
Dilip Buildcon	457.55
DLF	601.80
Oberoi Realty	1710.00
Ahluwalia Contract(I	832.90
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Arkade Developers registers development agreement for cluster redevelopment in Borivali west

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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