Arkade Developers has announced plans to redevelop three major housing projects in Mumbai, spanning approximately five acres across Andheri East, Malad West, and Borivali West. These redevelopment initiatives will create a saleable carpet area of 5.85 lakh sq ft, with an estimated turnover of 2,150 crore.
Project Highlights
Andheri East:
- Plot Size: 6,811 sq meters.
- Saleable Carpet Area: 1.29 lakh sq ft.
- Projected Turnover: 527 crore.
Malad West:
- Plot Size: 6,337 sq meters.
- Saleable Carpet Area: 2.12 lakh sq ft.
- Projected Turnover: 758 crore.
Borivali West:
- Plot Size: 7,084 sq meters (largest redevelopment among the three).
- Saleable Carpet Area: 2.44 lakh sq ft.
- Projected Turnover: 865 crore.
- Includes a cluster of four societies, making it a significant community redevelopment project.
Developer’s Vision
Amit Jain, Chairman and Managing Director of Arkade Developers, emphasized the company’s strong delivery track record and its growing pipeline of projects. He stated, "We have a robust pipeline of over eight upcoming projects across the Mumbai Metropolitan Region (MMR). We expect to witness a further uptick in societies partnering with us, owing to our exemplary delivery track record."
Redevelopment Impact
These redevelopment projects are expected to:
- Revitalize residential communities in prime Mumbai locations.
- Offer modernized housing infrastructure and amenities.
- Generate significant economic activity and boost real estate in these micro-markets.