Latest news with #Arkade
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Business Standard
26-06-2025
- Business
- Business Standard
Arkade acquires redevelopment project in Goregaon, eyes ₹350 cr in revenue
Arkade Developers has acquired redevelopment rights for a society located in Bangur Nagar, Goregaon West, with a revenue potential of Rs 350 crore. The society is spread across 1.1 acres and offers a saleable area of approximately 86,000 square feet. The project will feature a mix of residential and commercial spaces. This marks the company's fifth acquisition in the Goregaon–Malad micro-market in recent times. The company already has four completed and three ongoing projects within this residential belt. Amit Jain, chairman and managing director, Arkade Developers, said: 'Our foray into yet another society redevelopment project in Goregaon reaffirms Arkade's strong and growing footprint in this vital Mumbai suburb. We understand Goregaon's unique pulse and potential, having successfully delivered transformative projects in the area in the past. This latest acquisition aligns with our vision to create vibrant, future-ready spaces that add enduring value for homeowners, commercial users and the wider community.' Besides, in the past one year, Goregaon West has seen 1,300 new property sale transactions with a gross sales value of Rs 1,961 crore, according to Square Yards Data Intelligence, a real estate data analytics firm. The property rate in the area stood at Rs 35,208 per square foot as of the first quarter of the calendar year 2025 (Q1 CY25), against Rs 34,572 per square foot in Q1 CY24. Earlier this month, the company bought a 6.28-acre freehold land parcel in Thane, a part of the Mumbai Metropolitan Region (MMR), for Rs 172.48 crore, including stamp duty. In April, Arkade secured the cluster redevelopment rights for the redevelopment project of four housing societies in Borivali in the MMR, with an estimated gross development value of Rs 865 crore. In February, the company secured another cluster redevelopment project with a gross development value of Rs 1,700 crore in Dahisar, a micro-market in the MMR.
Business Upturn
26-06-2025
- Business
- Business Upturn
Arkade Developers acquires new redevelopment project in Goregaon West with Rs 350 crore revenue potential
By Aman Shukla Published on June 26, 2025, 14:29 IST Arkade Developers Limited has acquired redevelopment rights for a key residential society in Bangur Nagar, Goregaon West, Mumbai. The 1.1-acre site offers a RERA saleable area of approximately 86,000 sq. ft. and an estimated revenue potential of ₹350 crore. The project will feature a mix of residential and commercial spaces, reinforcing Arkade's presence in the fast-growing Goregaon-Malad micro-market. This marks the company's fifth acquisition in this belt, where it already has four completed and three ongoing projects. Designed to offer a blend of 2 and 3 BHK thoughtfully planned homes, the new development is strategically located with excellent road, rail, and metro connectivity, along with access to robust social infrastructure. Amit Jain, Chairman and Managing Director, Arkade Developers Limited, commented, 'Our foray into yet another society redevelopment project in Goregaon reaffirms Arkade's strong and growing footprint in this vital Mumbai suburb. We understand Goregaon's unique pulse and potential, having successfully delivered transformative projects in the area in the past. This latest acquisition aligns with our vision to create vibrant, future-ready spaces that add enduring value for homeowners, commercial users and the wider community.' This acquisition aligns with Arkade's continued focus on high-potential redevelopment opportunities in Mumbai's Western suburbs. The company aims to deliver modern living spaces that reflect its commitment to quality, design, and sustainable urban living. Ahmedabad Plane Crash 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
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.
