Arkade Developers has acquired a major cluster redevelopment project in Kandivali East, Mumbai, with an estimated revenue potential of around ₹1,100 crore. The project further strengthens the company’s presence in Mumbai’s growing redevelopment market.
The redevelopment project covers approximately 6.5 acres and includes the rehabilitation of multiple residential societies. According to the company, the development will offer modern housing infrastructure, upgraded amenities, and improved living standards for existing residents while creating new saleable residential inventory.
Officials stated that Mumbai’s redevelopment sector continues witnessing strong momentum due to limited land availability and increasing demand for organised housing projects. Cluster redevelopment projects are becoming increasingly important in transforming ageing residential pockets into modern urban communities.
Industry experts noted that suburban locations such as Kandivali, Goregaon, Borivali, and Andheri remain key redevelopment hotspots because of strong connectivity, metro expansion, and sustained residential demand. Developers are actively targeting redevelopment opportunities as land acquisition in central Mumbai becomes more challenging and expensive.
Key Highlights
- Arkade Developers secures redevelopment project in Kandivali East
- Estimated revenue potential of around ₹1,100 crore
- Project spread across nearly 6.5 acres
- Multiple residential societies included in redevelopment
- Project to provide:
- upgraded housing
- modern amenities
- new residential inventory
- Mumbai redevelopment market continues growing rapidly
- Limited land availability driving redevelopment activity
- Suburban areas emerging as major redevelopment hubs
- Metro connectivity supporting residential demand
- Developers increasingly focusing on cluster redevelopment projects
Industry experts believe redevelopment projects will continue shaping Mumbai’s residential market as developers look to unlock value in ageing urban neighbourhoods while improving housing infrastructure across the city.
Original Report Source (Published by Hindustan Times):
https://www.hindustantimes.com
Disclaimer: The insights referenced above are based on the report published by Hindustan Times. Rooftr does not claim ownership of this research and is sharing it for industry awareness purposes.
