Arkade Developers Expands Mumbai Portfolio With Four Redevelopment Projects Worth Rs 5,000 Crore
Mumbai, August 20, 2026: Arkade Developers Limited has added four new cluster redevelopment projects across key micro-markets in Western Mumbai to strengthen its regional presence. Spanning approximately 45,204 sq. m. (11.17 acres) across Malad West, Kandivali West, Kandivali East, and Borivali West, the projects feature an aggregate projected saleable carpet area of roughly 15 lakh sq. ft. and an estimated turnover potential of Rs 5,000 crore. Collectively, the developments account for an estimated construction area of approximately 51 lakh sq. ft, Arkade Developers said in a press release.
The new additions include projects in the Ashok Nagar area of Kandivali East and Shankar Lane in Kandivali West. Combined, these two sites cover a plot area of approximately 12,611.5 sq. m., offering a projected saleable carpet area of 3.5 lakh sq. ft. and an estimated Gross Development Value of Rs 1,100 crore. The Malad West redevelopment spans approximately 8,428 sq. m., with an anticipated saleable carpet area of 2.5 lakh sq. ft. and a turnover potential of around Rs 900 crore.
The largest initiative in the expansion is the cluster redevelopment at Yogi Nagar – Plot B in Borivali West. Spread across roughly 24,165 sq. m., the project is projected to yield 9 lakh sq. ft. of saleable carpet area and an estimated turnover of Rs 3,000 crore.
Commenting on the long-term industry outlook, Amit Jain, Chairman and Managing Director, Arkade Developers Limited, said, “With rapid urbanization, advancements in technology, and evolving consumer preferences, the industry is poised to redefine its trajectory. Recent reports suggest that the sector will play a crucial role in shaping India’s economic landscape, with its contribution to GDP expected to rise from the current 7.3 per cent to nearly 15 per cent by 2030, alongside continued market expansion.”
Amit Jain, Chairman and Managing Director, Arkade Developers Limited, also noted the strategic importance of redevelopment to the company’s broader operational pipeline. “Redevelopment is a crucial part of Mumbai’s real estate growth journey and remains a core strength of our brand as we contribute to the city’s ever-evolving skyline. A testament to our efforts is the recent milestone achieved at Arkade Eden in Malad West, where we received the Occupancy Certificate (OC) nine months ahead of the committed RERA date,” Jain said.
