Latest news with #Arkade
New Indian Express
25-05-2025
- Business
- New Indian Express
'We are planning Rs 3,500-4,000 crore projects in FY26'
Mumbai-based realty developer Arkade Developers is planning to launch four projects in the financial year 2026, which will have a combined gross development value (GDV) of Rs 3,500-4,000 crore. The company is confident of maintaining a 20% compounded annual growth rate (CAGR) in the short to medium term after reporting a similar growth in FY25. Last week, Arkade reported profit growth of 27.7% at Rs 157 crore for the year ended March 31, 2025. Revenue for the year rose 9.3% to Rs 695 crore. In an interview with TNIE's Arshad Khan, Amit Jain, chairman and managing director of Arkade Developers spoke about key product launches, competition in Mumbai's housing market, plan for FY2026, the slump seen in housing sales and more. Edited Excerpts: How was FY2025 for you? What are the big launches coming from Arkade in FY26 and what would be their combined GDV? We are planning four key project launches this fiscal. The most significant among them is our Filmistan project in Goregaon. We have three redevelopment projects in the pipeline, located in Santacruz West, Goregaon West, and Malad West. Collectively, these four launches are projected to have a GDV in the range of Rs 3,500 to Rs 4,000 crore. We have been achieving a 20% growth historically and we will be achieving the same in the years to come. Our revenue is expected to grow 20% in FY25 at about Rs 850 crore. FY25 marks a year of prominence in which we acquired the legendary 4-acre land parcel in Goregaon, leased to Filmistan Pvt. Ltd, having an estimated GDV of Rs 2,000 crore. We acquired land parcels and development rights, cumulating to 17.5 acres in western suburbs with a projected GDV of Rs 6,790 crore, including the locations – Andheri, Santacruz, Borivali, Malad and Dahisar. Our expansion strategy into the eastern Mumbai suburbs for the greenfield projects, alongside a solid pipeline of redevelopment projects in the western suburbs, will serve as key growth drivers as we leverage our healthy balance sheet and robust cash flows. 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. Mumbai's real estate market has become highly competitive with big names such as Adani and Prestige having aggressive pipelines. How do you see this emerging competition for native players like you? There is enough room for everyone to grow in this market. Not every buyer has a budget of Rs 10 crore and upward. There is a lot of demand for 2BHK properties. The redevelopment of old properties is here to stay. There are 20,000 buildings in MMR which are due for redevelopment. There is a big opportunity for us and the other players are also here. Though there is land scarcity in the region, there are many land parcels up for grabs. We are in the process of acquiring a major land parcel in Thane and continue to hold talks with other landowners. Housing sales have been under pressure for the past two quarters. Do you expect the slowdown to continue? Housing is one of the biggest human aspirations and the ambition to buy a new house or shift to bigger homes is always there. The slowdown is temporary but the needs of the house will always be there. There are cyclic phases and they cannot eliminate the industry growth as a whole. Real Estate prices have shot up sharply in recent years. Do you expect property prices to remain at elevated levels? The cost of construction has gone up significantly, be it raw material prices or the GST levied by government bodies. Land prices too have gone up. I do not control the prices, the market forces do. When the construction cost and land prices will come down, then the prices of property may come down. That being said, buyers may turn cautious due to increasing prices but the requirement for homes will always be there.
Hans India
13-05-2025
- Business
- Hans India
Real estate firm Arkade Developers' Q4 profit falls 34 pc, sales tank 42 pc
Mumbai: Real estate firm Arkade Developers on Tuesday reported a sharp drop in net profit for the fourth quarter (Q4) of FY25, as revenue also took a significant hit in the January-March quarter. The company's net profit stood at Rs 33.26 crore in Q4, down 33.58 per cent from Rs 50.08 crore in the previous quarter (Q3 FY25). This decline came as revenue from operations fell sharply by 41.96 per cent to Rs 134.34 crore, compared to Rs 231.41 crore in Q3. Despite the fall in both net profit and revenue, the company managed to reduce its total expenses. Expenses came down to Rs 88.76 crore in Q4 from Rs 165.31 crore in the previous quarter, marking a 46.3 per cent drop, which helped cushion the impact on the bottom line. Chairman and Managing Director Amit Jain said that Arkade closed the fiscal year on a "strong operational note". He highlighted the company's successful pre-sales, timely construction milestones and continued expansion as key achievements. 'FY25 was a milestone year for Arkade Developers, with the acquisition of a 4-acre iconic land parcel in Goregaon, previously leased to Filmistan Private Limited, with an estimated gross development value (GDV) of Rs 2,000 crore,' Jain said in a statement. In total, the company acquired 17.5 acres across Mumbai's western suburbs -- including Andheri, Santacruz, Borivali, Malad and Dahisar -- adding up to a projected GDV of Rs 6,790 crore. The company also announced plans to expand into eastern Mumbai suburbs with greenfield projects, while continuing to build its pipeline of redevelopment projects in the west. Jain noted that the company's focus on luxury housing aligns with broader market trends, and Arkade is well-positioned to maintain sustainable growth. The company's stock closed the intra-day trading session nearly flat at Rs 164.44, up Rs 0.28 or 0.17 per cent on the National Stock Exchange (NSE).
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Business Standard
22-04-2025
- Business
- Business Standard
Arkade Developers Q4 sales bookings up 11% at Rs 217 cr; FY25 rises 20%
Realty firm Arkade Developers Ltd on Tuesday reported an 11 per cent rise in sales bookings to Rs 217 crore for the latest quarter ended March. Its sales bookings stood at Rs 196 crore in the year-ago period. "During 2024-25, Arkade Developers achieved robust pre-sales (sales bookings) of Rs 773 crore, marking a 19.8 per cent increase from Rs 645 crore in the previous year. This growth reflects the continued demand for the residential portfolio of Arkade in the Mumbai region," the company said in a regulatory filing. The amount collected from customers stood at Rs 716 crore in the last fiscal, up by 21.8 per cent when compared to the preceding year. Mumbai-based Arkade sold 2,49,000 sq ft in 2024-25 compared to 2,03,000 sq ft in the preceding year, recording a 22.7 per cent annual growth. Arkade Developers Chairman and Managing Director Amit Jain said, "FY25 was a year of consistent performance and robust momentum. With a sharp focus on timely execution, sales velocity and customer satisfaction, we have witnessed significant growth in top-line sales and collections". The improved operational efficiency and disciplined project management have laid a strong foundation for future pipelines, he added. Founded in 1986, the company has completed 31 projects, comprising 55 lakh square feet of area. An additional over 20 lakh square feet area is currently under construction.
Business Upturn
22-04-2025
- Business
- Business Upturn
Arkade Developers Q4 FY25 pre-sales rise 10.6% YoY to Rs 217 crore
Arkade Developers Limited, a luxury real estate developer based in Mumbai, has reported its operational performance for the fourth quarter ending 31st March 2025 and for the full financial year 2024-25. For the financial year 2024-25, the company recorded pre-sales of INR 773 crores, representing a 19.8% year-on-year increase compared to INR 645 crores in FY 2023-24. Collections for the year reached INR 716 crores, up 21.8% from the previous year's INR 588 crores. In terms of area sold, Arkade reported 249,000 sq. ft. in FY25, up from 203,000 sq. ft. in FY24, indicating a 22.7% growth. During the fourth quarter of FY25, Arkade Developers posted pre-sales of INR 217 crores, marking a 10.6% increase over Q4 FY24, which stood at INR 196 crores. Collections during the same quarter amounted to INR 238 crores, showing a 35.2% rise from INR 176 crores in Q4 FY24. The area sold in Q4 FY25 was 70,000 sq. ft., a 9.4% increase from 64,000 sq. ft. in the corresponding quarter of the previous year. Throughout the year, the company launched three residential projects in Mumbai: Arkade Rare in Bhandup, and Arkade Views and Arkade Vistas in Goregaon. Additionally, it received four occupation certificates (OCs) ahead of the RERA schedule for Arkade Crown, Arkade Aspire, Arkade Aura, and Arkade Prime. Arkade Developers also handed over more than 650 residential units, indicating adherence to delivery timelines. Further, the company acquired a total of 15.5 acres of land in Mumbai's western suburbs, with an estimated gross development value (GDV) of INR 8,590 crores. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
