Arkade Developers Secures ₹1,100 Crore Cluster Redevelopment Project in Kandivali East
Mumbai, May 27, 2026: Mumbai-based real estate firm Arkade Developers Limited has acquired the cluster redevelopment rights for nine societies in the Ashok Nagar neighborhood of Kandivali East. The massive project spans approximately three acres and features a saleable RERA CA of around 325,000 square feet. Estimated to have a Gross Development Value (GDV) of roughly ₹1,100 crore, the upcoming development will introduce premium residences designed to meet modern urban housing demands, Arkade Developers said in a press release.
The initiative represents one of the most significant redevelopment projects in Kandivali East, a micro-market that has seen rapid residential growth due to its proximity to major commercial hubs like BKC, Malad, Goregaon, and Andheri. The location benefits from robust connectivity via the Western Express Highway, suburban rail, and Metro Line 2A. Alongside the modern residential towers, the company plans to enhance the local ecosystem by integrating contemporary amenities, landscaped open spaces, and high construction standards.
Commenting on the announcement, Amit Jain, Chairman and Managing Director of Arkade Developers Limited, said: “At Arkade Developers, every project is an opportunity to create spaces that go beyond homes—they inspire better living and stronger communities. With this new project in Kandivali East, we are delivering a lifestyle experience that reflects our commitment to thoughtful design, sustainability, and community-centric development. This redevelopment rights also reinforces our growth momentum as we continue expanding our footprint across MMR.”
