Mumbai — Arkade Developers has acquired redevelopment rights for Nutan Ayojan, a 6,858.90 m² cooperative housing society in Malad West, Mumbai. The project is expected to generate a Gross Development Value (GDV) of approximately ₹740 crore.
Project Blueprint & Scale
- Saleable area: ~2.33 lakh sq ft of RERA‑carpet space
- Residential units: 408 apartments; ~215 units available for sale
- Structure: Two basement levels, four podium parking floors, an eco-deck, and 32 residential floors
Strategic Expansion in High-Growth Micro-Markets
Amit Jain, Chairman & Managing Director of Arkade Developers, stated that redevelopment initiatives in key micro-markets—such as Malad and Goregaon—are critical to the company’s growth. This new project adds to Arkade’s growing presence in the western suburbs of Mumbai.
Earlier this month, Arkade also secured redevelopment rights for a residential society in Goregaon West (Bangur Nagar), a project with an estimated GDV of ₹350 crore over a 1.1-acre plot.
Past Project Highlights
Arkade has been actively involved in large-scale redevelopment and land acquisition across Mumbai:
- A ₹1,700 crore project in Dahisar East spread over approximately 6.5 acres
- A ₹2,000 crore mixed-use development on a 6.28-acre land parcel in Thane’s Kasarvadavali area
Also read, Arkade Developers Enters Thane with ₹172 Crore Land Acquisition
At a Glance: Nutan Ayojan Project
| Aspect | Details |
|---|---|
| Location | Malad West, Mumbai |
| Land area | 6,858.90 m² |
| Saleable carpet area | 2.33 lakh sq ft |
| Number of units | 408 (approx. 215 for sale) |
| GDV | ₹740 crore |
| Building structure | 2 basements, 4 podiums, eco-deck, 32 floors |
Market Outlook
Arkade Developers has completed 31 projects across Mumbai, totaling 55 lakh sq ft of developed space, and currently has over 20 lakh sq ft under development. The company aims for 20% year-on-year growth in FY26 with a pipeline of new launches in western and central suburbs.
With Mumbai’s rising demand for modern housing, redevelopment of older cooperative societies has become a major avenue for growth. Arkade’s focused expansion into prime suburban locations underscores its ambition to lead this redevelopment wave.
Conclusion
The Nutan Ayojan redevelopment marks Arkade Developers’ most ambitious standalone project to date. With a ₹740 crore GDV, it is set to significantly boost the developer’s portfolio and further establish its dominance in Mumbai’s high-potential micro-markets.
Also Read, MMRDA Sanctions Rs 12000 Crore for Transformative Metro Expansion in Mumbai