Introduction:
Leading Infra company has secured redevelopment rights for a prime housing project in Malad West. Spanning 6,858.90 sq. meters, the project features luxury 2 & 3 BHK apartments, with a GDV of ₹740 crore, enhancing Mumbai’s premium residential landscape.
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Share price movement of Arkade Developers:
On February 19, 2025, Arkade Developers Ltd opened at ₹140.00, up 0.54% from its previous close of ₹139.25. The stock hit a high of ₹144.80 (3.99%) and a low of ₹137.25. By 12:12 PM, it traded at ₹143.65, rising 3.16%, with a market cap of ₹2,667.06 crore.
Arkade Developers Secures Malad Redevelopment:
Arkade Developers has registered a development agreement for a prime redevelopment project in Malad West, securing rights for Nutan Ayojan, a co-operative housing society. Spanning 6,858.90 square meters, the project is set to generate a gross development value (GDV) of approximately ₹740 crore.
The project will offer a total saleable RERA carpet area of around 233,000 square feet, featuring premium 2 & 3 BHK apartments designed for modern urban living. With two basements, four podium parking levels, an eco-deck, and 32 residential floors, Arkade aims to deliver an upscale residential experience with world-class amenities.
Upon completion, the development will house 408 residences, with approximately 215 units available for sale. This project marks another milestone in Arkade’s expansion strategy, reinforcing its commitment to delivering high-quality residential spaces in Mumbai’s Western Suburbs while catering to the growing demand for premium housing.
Recent news on Arkade Developers:
As of January 19, 2025, Arkade Developers Ltd secured a cluster redevelopment project in Dahisar, MMR, with a GDV of ₹1,700 crore. Spanning 6.5 acres, the project offers 6.76 lakh sq. ft. saleable area amid rising property transactions and demand.
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Stock performance of Arkade Developers for Period of 1 week and 1 month:
Arkade Developers Ltd has faced a downturn, with its stock declining 8.30% over the past week and 17.8% in the last month. The recent dip reflects market volatility despite the company’s ongoing expansion efforts in Mumbai’s real estate sector.
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Shareholding pattern of Arkade Developers:
Particulars | Dec 2024 | Sep 2024 |
Promoter | 70.80% | 70.80% |
FII | 1.30% | 4.30% |
DII | 0.20% | 0.50% |
Public | 27.80% | 24.40% |
About Arkade Developers:
Arkade Developers Ltd (NSE: ARKADE) is a real estate development company specializing in high-end residential projects in Mumbai, Maharashtra. It focuses on delivering sophisticated lifestyle developments, catering to premium home buyers seeking luxury living in prime city locations.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.