Arkade Developers' Rs 172 Cr Mumbai Land Deal
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Arkade Developers acquires 6.28 acres in Mumbai for Rs 172 crore, planning a housing-cum-commercial project with a GDV of Rs 2,000 crore.
Photograph: Shailesh Andrade/Reuters
Mumbai, Jun 13 (PTI) Realty firm Arkade Developers Ltd has bought a 6.28-acre of land parcel here for Rs 172 crore to build a housing-cum-commercial project.
In a regulatory filing on Friday, the company said it has forayed into the Thane real estate market with the acquisition of a 6.28-acre freehold land parcel.
The transaction is valued at Rs 172.48 crore including Stamp Duty, it said.
Arkade Developers will build a mixed-use project with an estimated gross development value (GDV) of Rs 2,000 crore.
The total saleable area is 9.26 lakh sq ft.
The project launch is slated for early 2026.
Arkade Developers is one of the leading real estate firms in the country.
In a regulatory filing on Friday, the company said it has forayed into the Thane real estate market with the acquisition of a 6.28-acre freehold land parcel.
The transaction is valued at Rs 172.48 crore including Stamp Duty, it said.
Arkade Developers will build a mixed-use project with an estimated gross development value (GDV) of Rs 2,000 crore.
The total saleable area is 9.26 lakh sq ft.
The project launch is slated for early 2026.
Arkade Developers is one of the leading real estate firms in the country.
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