Arkade Developers acquires 6.28-acre land parcel in Thane near Mumbai for ₹172 crore
Mumbai-based listed real estate developer, Arkade Developers, on June 13 announced purchasing a 6.28-acre land parcel in Thane near Mumbai for ₹172 crore.
The company plans to develop a mixed-use project with a projected gross development value (GDV) of ₹2,000 crore and having a RERA saleable area of 9.26 lakh sq ft, according to the company statement.
The company said the land parcel is located at Kasarvadavali off Ghodbunder Road in Thane West, and it plans to build 2, 3, and 4 BHK residences along with retail and commercial spaces.
The project faces the Sanjay Gandhi National Park (SGNP) and is wll connected through Ghodbunder Road, the Eastern Express Highway, according to the company statement.
'With a strong presence in central locations such as Kanjurmarg, Mulund, and Bhandup, our entry into the Thane market marks a significant milestone in our growth journey. Thane, with its rapidly evolving infrastructure including upcoming metro lines and other major projects, is emerging as a key growth hub for residential and commercial projects," said Amit Jain, chairman and managing director, Arkade Developers Limited.
Also Read: Cricketer K L Rahul and his father-in-law, actor Suniel Shetty, buy land for ₹9.85 crore near Mumbai
"Our strategy is aligned with the overall market trend towards luxury housing. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory, creating enduring value for all stakeholders. FY 25 marks a year of prominence, during which we also acquired the legendary 4-acre land parcel in Goregaon, previously leased to Filmistan Pvt. Ltd, having an estimated GDV of ₹3,000 crore," Jain said.
Also Read: Rustomjee Group launches housing project in Dombivli near Mumbai with a revenue potential of ₹1,800 crore
The company said that the upcoming Metro line 4 and the Thane-Borivali twin tunnel will bring significant transformation.
Also Read: L&T Realty signs pact for joint development of 12 acre land in Thane with a potential of ₹697 crore
According to the company, Ghodbunder Road, in particular, continues to draw discerning homebuyers and investors. Jones Lang LaSalle (JLL) India was an exclusive transaction advisor for this deal.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
28 minutes ago
- Hindustan Times
'Prince William's billionaire friend': How US, UK media reported Karisma Kapoor's ex-husband Sanjay Kapur's death
To Bollywood audiences, Sunjay Kapur, who died on Thursday, may have been Karisma Kapoor's ex-husband, but to the wider international community, he was much more - an industrialist, a polo player, and a friend of royalty. The international media also reported Sunjay's death, but their focus was largely on his businesses and links to royalty, rather than the Bollywood connection. (Also read: Sunjay Kapur's funeral to be held in Delhi, but legal hurdle in getting body back to India) Sunjay Kapur died after suffering a heart attack while he was in the middle of a polo match in London on Thursday. The 53-year-old was a regular in the polo circles of the UK, which is how he came to be associated with Prince William. The Prince of Wales has been described as a friend of the late businessman. The New York Post's headline about Sunjay's death read: "Prince William's billionaire pal Sunjay Kapur dead after swallowing bee during polo match". People Magazine also focused on Sunjay's friendship with William and the bizarre reported nature of his death. "Prince William's friend dies after swallowing a bee at Windsor polo match," read their headline. The New York Times, however, highlighted his marriage to Karisma. Their headline read: "Sunjay Kapur, businessman and ex-husband of Bollywood star, dies at 53." Most British publications also mentioned Prince William in their reportage of the billionaire businessman's death. "Billionaire friend of Prince William dies from heart attack after 'swallowing a bee'," wrote the Daily Mail. Similarly, the Telegraph reported, "Billionaire friend of Prince of Wales dies after 'swallowing a bee'." Sunjay Kapur was the chairman of auto components maker Sona Comstar. After taking over as managing director of the company after his father's death in 2015, Sunjay spearheaded its expansion into China, Mexico, Serbia and the U.S. As per Bloomberg, Sona Comstar has a market cap of ₹31000 crore (nearly $4 billion). According to Forbes, Sunjay Kapur had a net worth of $1.2 billion ( ₹10300 crore) at the time of his death. The London-based Indian business tycoon had been married to Karisma Kapoor from 2003-16. The two have two children. Sunjay was previously married to fashion designer and stylist and Nandita Mahtani from 1996-2000. Since 2017, he had been married to model-turned-actor Priya Sachdev, with whom he had a son.
Hindustan Times
an hour ago
- Hindustan Times
Digging Deeper: Fedlan Kılıçaslan on the Evolution of Endurance at Akif Capital
'Looking is not the same as seeing. Just as knowing is not the same as understanding.' These words from Fedlan Kılıçaslan, Chairman of Akif Capital, echo through the corridors of the Warsaw-based investment firm. In a financial world obsessed with speed and spectacle, Akif Capital's story is a quiet, radical counterpoint—a reflection of the value of patience, pattern recognition, and the refusal to chase the crowd. Akif Capital's journey began in a moment of global uncertainty. The firm was born not from the ashes of crisis, but from a recognition that the world's economic environment was growing more volatile, interconnected, and data-saturated by the day. Kılıçaslan and his team saw that the old playbook—reacting to headlines, chasing quarterly returns, and treating risk as something to be avoided—was no longer enough. Instead, Akif Capital chose a different path. Rather than seeking quick wins, the firm built its foundation on long-term thinking. The leadership believed that the most powerful strategy in finance was not speed but sustainability. This meant learning to spot patterns before they became consensus, connecting dots across sectors and geographies, and anticipating not just what the market would allow but what society would demand. 'Pattern recognition allows our teams to proactively position capital where it can do the most good—economically and socially—before the market catches on,' Kılıçaslan explained in a recent interview. This strategy has allowed Akif Capital to move early into emerging sectors like clean energy and artificial intelligence infrastructure, not simply because these areas promise future returns but because they represent inevitable shifts in the global economy. Akif Capital's defining trait is its focus on systems thinking. In a time when every investment decision can trigger second- and third-order effects, the firm has made it a priority to understand the interconnectedness of everything from regulatory pressures to supply chain ethics. This holistic view has enabled Akif Capital to see opportunities and risks that others miss. Recent cross-border projects have blended technology innovation with energy transition goals, creating what Kılıçaslan calls 'ecosystems, not just investments.' The firm's leadership spends as much time studying governance and public discourse as they do balance sheets, understanding that scaling responsibly means anticipating not just market forces but also the expectations of regulators, communities, and stakeholders. 'Gone are the days when you could evaluate an investment in isolation,' Kılıçaslan noted. 'Every decision today has ripple effects across the real economy and society.' This perspective has led Akif Capital to champion diversification—not just across asset classes, but across perspectives, geographies, and leadership backgrounds. Flexibility is often romanticized in today's business climate, but Akif Capital has learned that agility without structure is chaos. The firm has developed a culture of structured problem-solving, training its teams to handle complexity systematically. This ensures that decisions are not just fast, but repeatable, teachable, and measurable. Akif Capital's leadership is deeply aware that vision is not just a statement; it is a daily effort. Every strategic move is aligned with the firm's long-term goals, and success is measured not only in financial returns but also in the impact on economies, industries, and people's lives over time. 'Setting a long-term vision is easy,' Kılıçaslan says. 'Aligning daily decisions with that vision is the real challenge.' This philosophy has led Akif Capital to invest in projects that create jobs, support infrastructure, and advance inclusion, making impactful investment a core part of its operating model. Unlike many of its peers, Akif Capital does not treat risk as the enemy. Instead, the firm sees risk as the necessary engine of return. The key, in its view, is not to avoid uncertainty but to control it intelligently. Every decision is run through multiple lenses—financial, operational, geopolitical—giving the firm the confidence to act when others hesitate. This multidimensional risk management method has allowed Akif Capital to empower bold, visionary investments while protecting its downside. The firm's expansion into new markets, from Eastern Europe to the Gulf, is not just about hedging against volatility. It is about enriching the company's institutional intelligence and inoculating it against the dangers of monoculture thinking. Akif Capital's focus on impact is not an afterthought; it is a pillar of the firm's identity. The leadership believes that the next generation of investors and consumers demands that capital does more than compound—it must contribute. For Akif Capital, impactful investing means measuring success in how investments create jobs, support infrastructure, advance inclusion, and reduce harm. Whether backing fintech in underserved markets or renewable energy platforms, Akif Capital's dual goal is always value and values. The firm's leadership has made it clear that impact without return is philanthropy, but return without impact is obsolete. Perhaps the most radical aspect of Akif Capital's strategy is its focus on human capital. The firm invests heavily in its teams, prioritizing education, mentorship, and internal mobility. For Kılıçaslan, the vision is generational—he thinks in terms of legacy, not just quarters. Akif Capital's story is not one of disruption for its own sake, but of construction—of building something that can withstand the storms of market cycles, political shifts, and changing social expectations. The firm's blueprint is not about being the biggest, but about being the most durable, the most thoughtful, and the most prepared. In a world where headlines are consumed in seconds and stock prices fluctuate with every tweet, Akif Capital's insistence on depth over speed, on understanding over reaction, is a quiet change. The firm's leaders know that the tallest towers require the deepest foundations, and that the work of digging is often noisy, messy, and misunderstood. 'The market often mistakes the sound of construction for chaos,' Kılıçaslan reflects. 'But real investors know—the deeper the dig, the stronger the rise.' Akif Capital's journey reminds us that true resilience is forged not in easy times but in the willingness to endure, adapt, and build for a future that may look very different from the present. In the end, it is not the speed of the ascent but the strength of the foundation that determines which institutions will stand the test of time. Note to readers: This article is part of HT's paid consumer connect initiative and is independently created by the brand. HT assumes no editorial responsibility for the content, including its accuracy, completeness, or any errors or omissions. Readers are advised to verify all information independently. Want to get your story featured as above? click here!
Business Standard
an hour ago
- Business Standard
Arkade Developers acquires 6.28 acre land in Thane; targets Rs 2000 cr GDV
Arkade Developers said that it has acquired a 6.28 acre freehold land parcel for a total consideration of Rs 172.48 crore including stamp duty, marking its foray into the Thane real estate market. The transaction will pave the way for a marquee mixed-use development with a projected gross development value (GDV) of Rs 2,000 crore having a RERA saleable area of 9.26 lakh sq. ft., the project launch is slated for early 2026. Strategically nestled at Kasarvadavali off Ghodbunder Road in Thane West, this upcoming development is set to emerge as a landmark destination, offering a harmonious mix of thoughtfully crafted 2, 3, and 4 BHK residences along with curated retail and commercial spaces. The project boasts sweeping views of the Sanjay Gandhi National Park and seamless connectivity via Ghodbunder Road, the Eastern Express Highway. Amit Jain, chairman and managing director, Arkade Developers, said, With a strong presence in central locations such as Kanjurmarg, Mulund, and Bhandup, our entry into the Thane market marks a significant milestone in our growth journey. Thane, with its rapidly evolving infrastructure including upcoming metro lines and other major projects, is emerging as a key growth hub for residential and commercial projects. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory, creating enduring value for all stakeholders. FY25 marks a year of prominence, during which we also acquired the legendary 4-acre land parcel in Goregaon, previously leased to Filmistan, having an estimated GDV of Rs 3,000 crore. Arkade Developers is a leading luxury real estate developer in Mumbai. The company is engaged in the development of new projects (development / construction of residential premises on land acquired by the company) and redevelopment of existing premises. The companys consolidated net profit jumped 69.5% to Rs 33.26 crore on 7% increase in net sales to Rs 131.45 crore in Q4 FY25 over Q4 FY24. The counter fell 0.26% to settle at Rs 191.45 on Friday, 13 June 2025.
