Arkade Developers is set to transform Nutan Ayojan, a co-operative housing society in Malad West, Mumbai, through a major redevelopment project spanning 6,858.90 square meters. The ambitious venture is expected to generate a gross development value (GDV) of approximately Rs 740 crore, with a total saleable RERA carpet area of around 2.33 lakh square feet.
The redevelopment will feature a mix of 2 and 3 BHK apartments, integrated within a modern residential complex that includes two basements, four podium parking levels, an eco-deck, and 32 residential floors. Upon completion, the project will offer 408 homes, with about 215 units available for sale.
The redevelopment of Nutan Ayojan forms part of Arkade Developers' broader strategy to tap into emerging micro-markets while maximizing the value of its existing land assets. Located in one of Mumbai's dynamic suburbs, the project is expected to attract considerable interest from homebuyers looking for modern amenities combined with the charm of co-operative housing.
Industry experts note that such redevelopment initiatives not only enhance the urban landscape but also contribute significantly to the city's real estate growth by offering improved living standards and robust investment potential. As construction is set to begin soon, the project is poised to play a key role in the ongoing transformation of Mumbai's residential market.
With this development, Arkade Developers reinforces its position as a leading player in the city's redevelopment sector, promising to deliver enhanced value for both investors and prospective homeowners alike.