Arkade Developers Marks Two Years of Listing as Project Pipeline Reaches Rs 18,000 Crore
Mumbai, September 25, 2026: Arkade Developers has completed two years as a listed company, reporting an expansion in its upcoming project portfolio from eight to 15 projects and a 500% increase in projected gross development value (GDV) to Rs 18,000 crore, up from Rs 2,800 crore in August 2024. The Mumbai-based real estate developer made its stock market debut in September 2024 following a Rs 410-crore initial public offering.
Over the two-year period, the saleable carpet area of the firm’s upcoming projects grew over 500% to 57 lakh sq ft, while total plot area expanded over 300% to 1.75 lakh sq m. The company completed five projects and delivered 708 homes during this timeframe, with pre-sales increasing at an 18% compound annual growth rate (CAGR) from Rs 645 crore in FY24 to Rs 901 crore in FY26.
Financially, total income rose at a 14% CAGR to Rs 828 crore in FY26, with EBITDA standing at Rs 189 crore and EBITDA margin at 23%. Net worth increased 134% to Rs 901 crore, while liquid funds grew 600% to Rs 102 crore, maintaining a net-cash positive position with a low debt-to-equity ratio.
Speaking on the milestone, Amit Jain, CMD, Arkade Developers, said, “Two years as a listed company have reinforced our belief that sustainable growth is built on disciplined execution, financial prudence and a clear understanding of where Mumbai’s real estate market is headed. During this period, we have significantly expanded our development pipeline, including the acquisition of two large land parcels in Goregaon and Thane, representing an investment of approximately Rs 530 crore and spanning more than 10 acres. These acquisitions underscore the strength and diversity of our development strategy, with a balanced mix of greenfield and redevelopment opportunities.”
Jain added, “As we enter the next phase of our growth journey, our priority remains to scale with purpose, execute every project with greater rigour and build a business that creates lasting value for our customers, partners and shareholders.”
During its first year of listing, the ISO-certified company entered the list of top 1,000 listed entities by market capitalization in India.
