Arkade Developers: Rs 865 Cr Revenue from Mumbai Redevelopment Project
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Arkade Developers expects Rs 865 crore revenue from a redevelopment project in Mumbai with a saleable carpet area of 2.44 lakh sq ft. The project adds to the company's growing portfolio in the western suburbs.
Photograph: Shailesh Andrade/Reuters
New Delhi, Apr 8 (PTI) Realty firm Arkade Developers Ltd on Tuesday said it expects Rs 865 crore revenue from a redevelopment project in Mumbai.
In a regulatory filing, the company informed it has secured cluster redevelopment rights and registered the development agreement for Satya Shreepal Nagar A CHS Ltd, Om Shreepal Nagar B & C CHS Ltd, Sheetal Shreepal CHS Ltd and Sai Shreepal CHS Ltd.
The project will have a saleable carpet area of approximately 2.44 lakh square feet.
"The development carries an estimated top line of Rs 865 crore, marking a significant addition to Arkade's growing portfolio in the western suburbs," the company said.
Mumbai-based Arkade Developers has so far completed 31 projects comprising 55 lakh square feet. Another 20 lakh square feet area is under development.
In a regulatory filing, the company informed it has secured cluster redevelopment rights and registered the development agreement for Satya Shreepal Nagar A CHS Ltd, Om Shreepal Nagar B & C CHS Ltd, Sheetal Shreepal CHS Ltd and Sai Shreepal CHS Ltd.
The project will have a saleable carpet area of approximately 2.44 lakh square feet.
"The development carries an estimated top line of Rs 865 crore, marking a significant addition to Arkade's growing portfolio in the western suburbs," the company said.
Mumbai-based Arkade Developers has so far completed 31 projects comprising 55 lakh square feet. Another 20 lakh square feet area is under development.
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