Arkade Developers Acquires Rs 350 Crore Redevelopment Project in Goregaon

One of the Mumbai-based luxury real estate firms Arkade Developers Limited has acquired the redevelopment rights for a 1.1-acre society in Bangu Nagar, Goregaon West. According to the sources, this site is an RERA saleable area of approximately 86,000 sq ft generating a revenue of Rs 350 crore. The real estate firm will be blending residential and commercial spaces, with 2 and 3-BHK configuration apartments. This particular style of construction has been selected by the team firm to meet modern lifestyle needs. 

• Arkade acquires 1.1 acre redevelopment site in Bangur Nagar Goregaon West
• Project to offer mix of residential and commercial spaces with 2 and 3 BHK units
• Marks Arkades fifth acquisition in Goregaon Malad area boosting its western Mumbai presence

The project location is considered the key location as it provides excellent connectivity with strong social infrastructure. This project will also be increasing Arkade's footprint in Mumbai’s western suburbs as it is the fifth acquisition in the Gorgaon-Malad micro-market. This aggressive expansion in the area indicates the growing operations of the firm in the city.

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Amit Jain, Chairman and Managing Director, of Arkade Developers Limited, 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.”

Arkade currently has four completed and three ongoing projects within the same residential belt, demonstrating a consistent focus on this high-demand zone.