| Projected GDV | ₹1,100 CrProject value |
|---|---|
| Market Cap | ₹2,258.97 CrMid-cap |
| PE Ratio | 15.25Industry: 35.23 |
| RSI | 60.13Neutral Zone |
| Deal value | ₹1,100 Cr |
| Share of market cap | 48.7% |
| Share of annual revenue | 146.4% |
Key highlights
- Acquisition of redevelopment rights for 9 societies in the Ashok Nagar neighborhood
- Projected Gross Development Value (GDV) estimated at approximately ₹1,100 crore
- Total saleable RERA carpet area planned at roughly 325,000 square feet
- Strategic land parcel spanning approximately 3 acres with high connectivity
- Development focus on premium residences and contemporary community amenities
What Is the Expansion?
Arkade Developers has secured cluster redevelopment rights for nine residential societies located in the upscale Ashok Nagar locality of Kandivali East. This strategic move involves a land parcel of approximately three acres, which will be transformed into a premium residential development. The project is expected to yield a saleable RERA carpet area of approximately 325,000 square feet.
This expansion marks a significant milestone in the company’s redevelopment portfolio, focusing on high-density urban renewal within the Mumbai Metropolitan Region. The initiative replaces aging structures with modern, high-quality residences designed to meet the evolving lifestyle aspirations of urban homebuyers.
Strategic Rationale
- Kandivali East is an emerging residential destination with rising demand for modern gated communities
- Excellent connectivity via the Western Express Highway, suburban rail, and the operational Metro Line 2A
- Proximity to established social infrastructure including reputed schools, hospitals, and shopping malls
- Strategic location near major commercial hubs in BKC, Malad, Goregaon, and Andheri
- Strong real estate appreciation and healthy rental yields in the specific micro-market
Business Overview
Arkade Developers maintains a robust presence across Mumbai’s western, eastern, and central suburbs with a legacy spanning over four decades. The firm has successfully completed 32 projects, providing homes to more than 5,500 families. Currently, the company has developed over 5.5 million square feet of property, with an additional 2 million square feet under active construction.
Operating under a family-centric philosophy, the developer focuses on integrating comfort, quality, and community well-being. Its portfolio is strategically diversified to capture growth in both new land developments and high-value urban redevelopment projects across the MMR region.
Financial Context
- Arkade Developers is listed on both BSE and NSE with a market capitalization of ₹2,258.97 crore
- The company reported a trailing twelve-month operating revenue of ₹751.27 crore
- Net profit for the TTM period stands at ₹148.11 crore with a Price-to-Earnings ratio of 15.25
- Annual return on equity is recorded at 17.75 percent, outperforming the sector average of 12.3 percent
- Maintains ISO 9001-2015 and 45001-2018 certifications for high construction and safety standards
Management Perspective
At Arkade Developers, every project is an opportunity to create spaces that go beyond homes—they inspire better living and stronger communities. With this new project in Kandivali East, we are delivering a lifestyle experience that reflects our commitment to thoughtful design, sustainability, and community-centric development.
| Share price | ₹121.67 |
|---|---|
| Market capitalisation | ₹2,258.97 Cr |
| Revenue (annual) | ₹683.10 Cr |
| Net profit (annual) | ₹156.93 Cr |
| Revenue (latest quarter) | ₹196.73 Cr-25.39% vs previous quarter |
| Net profit (latest quarter) | ₹40.29 Cr-12.06% vs previous quarter |
| P/E (TTM) | 15.25×Sector 35.63× |
| Promoter holding | 71.19%+0.05% QoQ |
| FII holding | 0.23%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Arkade Developers Limited announcing the acquisition of redevelopment rights for a ₹1,100 Crore project in Mumbai. Market figures from a third-party data provider.
