Arkade Developers to Redevelop Nutan Ayojan in Malad West with GDV of Rs 740 Crore

Arkade Developers to Redevelop Nutan Ayojan in Malad West with GDV of Rs 740 Crore

Arkade Developers to Redevelop Nutan Ayojan in Malad West with GDV of Rs 740 Crore

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.

About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/