Bangalore-based Arkade Developers is set to transform a 6.5-acre parcel in Dahisar East, Mumbai, with a cluster redevelopment of the Anand Nagar Society. This ambitious project, spanning a plot area of 26,286 square meters, is projected to generate a gross development value (GDV) of approximately Rs 1,700 crore, marking a significant milestone in the company’s growth strategy.
Transforming Urban Spaces in Mumbai
The redevelopment initiative will offer a total saleable area of around 676,000 square feet, featuring a mix of residential and commercial spaces. This blend is designed to cater to the evolving demands of urban living, promising modern amenities and sustainable design principles that align with contemporary real estate trends.
Amit Jain, Chairman and Managing Director of Arkade Developers, commented on the project’s potential, stating, “The real estate sector is experiencing positive momentum, fueled by the 2025 Union Budget and its focus on housing and rental market growth.” Jain’s remarks underscore the favourable market conditions that have spurred the company to expand its portfolio across the Mumbai Metropolitan Region (MMR).
Strategic Expansion Across MMR
In addition to the Dahisar East redevelopment, Arkade Developers has strategically diversified its project pipeline this year by acquiring five new ventures. Highlights include:
Goregaon West Acquisition: In January 2025, Arkade acquired a four-acre land parcel in Goregaon West, currently leased to Filmistan. This asset is expected to generate a projected revenue of Rs 2,000 crore.
Western Suburbs Redevelopments: The company has also initiated three new redevelopment projects across Andheri East, Malad West, and Borivali West. These projects collectively cover approximately 20,232 square meters (around five acres) and are projected to offer a saleable carpet area of about 5.85 lakh square feet, with an estimated turnover of Rs 2,150 crore.
With a robust pipeline of 16 projects in the Mumbai Metropolitan Region—comprising six ongoing and 10 upcoming developments—Arkade Developers is poised to capitalize on the current market surge.
Market Momentum and Future Outlook
The positive momentum in the real estate sector, supported by favourable policy measures in the Union Budget, is creating a conducive environment for redevelopment and new construction projects. Arkade Developers’ strategic initiatives reflect a commitment to tapping into this growth, with a focus on quality, sustainability, and innovative urban planning.
The redevelopment of Anand Nagar Society is expected to set a benchmark in the region, offering enhanced living standards and integrated commercial spaces that meet the evolving needs of modern urban residents.
Conclusion
Arkade Developers’ latest venture in Dahisar East is a testament to the transformative potential of urban redevelopment in Mumbai. With a projected GDV of Rs 1,700 crore and a strategic expansion plan across the Mumbai Metropolitan Region, the company is well-positioned to drive significant value creation in the real estate sector. As market dynamics continue to evolve, projects like these will play a pivotal role in shaping the future of urban living in one of India’s most vibrant cities.