Shares of Arkade Builders Ltd shot up greater than 6% on Tuesday, 8 April 2025, after it acquired the cluster redevelopment rights in Borivali West, Mumbai, which had an estimated gross growth worth (GDV) of Rs 865 crore.
Arkade Builders has acquired the cluster redevelopment rights and registered the DA (growth settlement) for Om Shreepal Nagar B & C CHS Ltd., Satya Shreepal Nagar A CHS Ltd., Sheetal Shreepal CHS Ltd., and Sai Shreepal CHS Ltd. The venture spans 7,084 sq. meters and is predicted to ship a saleable carpet space of roughly 2.44 lakh sq. toes. The venture is situated in one in every of Mumbai’s well-connected residential districts.
Amit Jain, chairman and managing director of Arkade Builders, stated, “This venture is a mirrored image of our philosophy to convey folks luxurious properties, stronger infrastructure, and vibrant neighborhoods. This micro-market has immense potential, and we’re proud to be taking part in a pivotal function in shaping its future.”
The venture additionally solidifies Arkade Builders’ standing as a reliable participant within the metropolis’s transformation story and reaffirms the corporate’s dedication to high-value, strategic redevelopment in Mumbai’s land-constrained atmosphere, based on the submitting.
Arkade Builders is a number one premium actual property developer in Mumbai. All through its greater than 38-year historical past, the corporate has established a popularity as an emblem of high quality and excellence.
Since its institution in 1986, the corporate has accomplished 31 initiatives, developing properties for over 5,500 glad households. With the motto “Household First,” Arkade Builders locations a excessive precedence on constructing properties which might be appropriate for households whereas respecting values like contentment, dedication, belief, and openness.
Arkade Builders has developed about 5.5 million sq. toes of property and is presently developing an extra 2 million sq. toes, based on the petition.
At 2:21 pm, the shares of Arkade Builders have been buying and selling 4.99% larger at Rs 152.67 on NSE.
Ask the analyst & get prompt reply about Arkade Builders Ltd.
Unlock worthwhile alternatives every single day! Unicorn Alerts gives actionable intraday buying and selling indicators for shares and futures. Don’t miss out – obtain Unicorn Alerts and begin successful now!
