Arkade Developers Secures ₹740 Crore Redevelopment Project in Mumbai’s Malad
Arkade Developers, a prominent real estate company based in Mumbai, has successfully acquired a substantial redevelopment project in the Malad West area, valued at ₹740 crore. The project involves the redevelopment of Nutan Ayojan, a cooperative housing society, and covers a total land area of 6,858 square meters.
This redevelopment plan will introduce modern and spacious residential units, including luxury 2 and 3 BHK apartments, designed to meet the growing demand for premium housing in the western suburbs of Mumbai. The total saleable area for this project is expected to be 2.33 lakh square feet, with approximately 408 homes being built.
Of these, around 215 units will be made available for sale, offering potential homeowners the opportunity to live in a brand-new, high-quality residential development in one of the most sought-after areas of Mumbai. Malad West, where this redevelopment project is taking place, has emerged as one of Mumbai’s key real estate hotspots due to its strategic location and improving infrastructure.
The area is well-connected to important parts of the city, including business districts, through the Western Express Highway, Link Road, and upcoming metro corridors. This easy access to transportation hubs makes it a preferred choice for both homebuyers and investors. Over the years, Malad West has seen substantial urban development, and the area’s real estate market has continued to grow at a rapid pace.
Arkade Developers’ decision to invest in this location highlights their understanding of the area’s potential and their commitment to creating modern housing solutions for Mumbai’s expanding population. The redevelopment project in Malad will feature 32 floors of residential spaces, designed with luxury in mind.
The apartments will be spacious, with state-of-the-art amenities that cater to the needs of modern families and individuals. These homes will not only provide high-end living conditions but will also aim to preserve the essence of the local community and its surroundings. While the new development will be a significant upgrade in terms of modern living, it will integrate smoothly into the existing neighborhood, ensuring that current residents experience minimal disruption during the redevelopment process.
By offering a variety of apartments with different layouts, the development will cater to a wide range of buyers, from young professionals to larger families looking for more space. Arkade Developers’ entry into the Malad West market reflects a broader strategy to secure and develop high-growth real estate opportunities across Mumbai.
By focusing on strategic redevelopment projects, Arkade is positioning itself to capitalize on areas that are ripe for renewal and growth. Redevelopment projects, such as the one in Malad, are becoming an increasingly attractive option for real estate developers as they enable them to maximize land value and create more modern, functional living spaces. In addition, such projects often have the added benefit of offering homes in well-established areas, with access to key infrastructure, which makes them highly attractive to homebuyers.
For Arkade, this project represents an important part of its broader strategy to enhance its portfolio, increase its presence in Mumbai’s real estate market, and ultimately provide valuable residential solutions for a growing urban population. The real estate market in Malad West is particularly appealing because of the area’s consistent demand for housing. Over recent years, property prices in Malad have continued to climb, with prices ranging between ₹35,000 to ₹40,000 per square foot, depending on the property type and location within the area.
This price increase reflects both the area’s growing popularity and its increasing status as a hub for professionals and families seeking quality housing options in Mumbai. As the city’s population continues to grow and urban sprawl increases, areas like Malad West are becoming even more desirable. The Arkade redevelopment project is perfectly timed to meet this demand, offering luxury residences in a well-connected, thriving suburb of Mumbai.
With more people seeking well-located homes that offer a good balance between urban amenities and a family-friendly environment, developments like Arkade’s Malad project are set to attract a significant number of buyers. In addition to the redevelopment project in Malad West, Arkade Developers has been expanding its portfolio of high-value real estate projects across Mumbai. The company has recently secured a cluster redevelopment project in Dahisar, located at the northern tip of Mumbai, with a potential gross development value of ₹1,700 crore.
This acquisition is part of Arkade’s long-term strategy to tap into the growing demand for modern housing in suburban Mumbai. By focusing on redevelopment projects, the company is able to not only meet the increasing demand for residential properties but also revitalize older neighborhoods, providing them with modern amenities and infrastructure. These projects are transforming Mumbai’s urban landscape, with Arkade Developers at the forefront of the city’s real estate transformation.
The continued growth of the real estate market in Mumbai has created many opportunities for companies like Arkade Developers. As more people move to Mumbai in search of better job opportunities and a higher standard of living, the demand for housing continues to rise. With a population that is expected to keep growing, areas like Malad West and Dahisar are becoming prime locations for residential development.
The ongoing transformation of these neighborhoods will lead to the creation of more housing units, commercial spaces, and improved infrastructure. Through projects like the one in Malad, Arkade Developers is playing a crucial role in shaping the future of Mumbai’s real estate market, offering potential homeowners a chance to experience modern living in one of the city’s most vibrant suburbs.
Arkade Developers’ redevelopment project in Malad is also an example of how real estate developers are increasingly prioritizing urban renewal. As Mumbai’s older buildings and neighborhoods face the challenges of aging infrastructure, redevelopment projects have become a key solution to address the city’s growing housing needs. By investing in these redevelopment opportunities, developers like Arkade can revitalize older communities and bring new life to established areas.
This approach not only addresses the housing shortage but also enhances the overall quality of urban living, creating modern homes in previously underdeveloped or outdated areas. Through smart, strategic redevelopment, Arkade Developers is helping to create a more sustainable, livable city for future generations.
The Malad redevelopment project also aligns with broader trends in Mumbai’s real estate market, where developers are increasingly focusing on suburban locations with strong growth potential. Areas such as Malad West are benefiting from improving infrastructure, including the expansion of public transport networks, which make them more accessible to people working in Mumbai’s central business districts.
These areas are becoming hubs for residential and mixed-use developments, as more people look to move away from the crowded city center and into more spacious, well-connected suburbs. As a result, projects like Arkade’s Malad development are well-positioned to succeed in the long term, as demand for housing in these areas continues to rise.
Arkade Developers’ strategic move to secure the Malad redevelopment project showcases the company’s commitment to enhancing Mumbai’s urban landscape while addressing the city’s growing housing demands. The redevelopment project not only offers the opportunity for new homes but also contributes to the renewal of an established neighborhood, providing residents with better living conditions and modern amenities.
As Mumbai continues to grow, more developers will likely follow Arkade’s lead, investing in redevelopment projects that transform the city’s suburbs and provide a solution to the housing shortage. Through thoughtful planning and smart investment, Arkade Developers is helping to shape the future of Mumbai’s real estate market, offering both opportunity and innovation.
