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Arkade Developers completes acquisition of prime land parcel in Goregaon West
Jan-28-2025

Arkade Developers has completed the acquisition of a prime land parcel located in Goregaon West in the western suburbs of Mumbai from Aspen Properties and their joint venture partners, Kamanwala Housing Construction, for a total consideration of Rs 165 crore and paid the stamp duty of Rs 9.9 crore. The project will foresee a modern luxury development with an approximate saleable area exceeding 5 lakh square feet, contributing an estimated revenue of Rs 2,000 crore.

The acquired property, currently the site of a historic studio, carries a legacy of cinematic significance. With a sprawling plot area of approximately 16,200 square meters (4 acres), this acquisition is poised to unlock significant value in one of Mumbai's most sought-after locations. This strategic acquisition further strengthens Arkade’s commitment to delivering exceptional residential developments in Mumbai's dynamic real estate landscape. 

Arkade Developers is primarily engaged in real estate development.


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