The company was originally incorporated as “Arkade Developers Private Limited” in Mumbai, Maharashtra, in 1986, and later converted from Private Limited to Public Limited Company with a fresh certificate of incorporation being issued to the company by the Registrar on July 7, 2023. After conversion, the name of the company got changed from “Arcade Developers Private Limited” to “Arkade Developers Limited”. Arkade is a real estate development Company concentrating on the development of premium aspirational lifestyle residential pre
mises in Mumbai, Maharashtra, India’s commercial capital. Their business can broadly be classified into two categories: (i) development / construction of residential premises on land acquired by the Company (New Projects) and (ii) redevelopment of existing premises (Redevelopment Projects). As on June 30, 2024, the company has developed 2.20 million square feet of residential property (including through partnership entities in which they hold the majority stake). Between 2017 and Q1FY24, the company has launched 1,220 residential units and sold 1,045 residential units in different markets in MMR, Maharashtra. From CY 2003 to March 2024, the company has successfully completed redevelopment of 10 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which the company holds the majority stake) with a combined constructed area of around 1,000,000 square feet. From 2017, the company has been amongst the top 10 developers in terms of supply in the Borivali West, Goregaon East and Santacruz West micro-markets. While the company has over the years developed projects at different price points, it is currently developing projects which have a very broad per unit price point ranging from ₹ 9.44 million to ₹ 62.53 million.
While its initial projects were stand-alone residential buildings, the company’s current portfolio of Ongoing Projects includes gated communities such as Arkade Nest, Arkade Aspire, Arkade Prime and Arkade Aura. In the last 2 decades the company has completed 28 projects including 11 projects on a stand-alone basis, 8 projects executed by their Promoter through his proprietorship, M/s Arkade Creations, and 9 projects through joint development arrangements with other third parties aggregating more than 4.5 million square feet of development and have catered to more than approximately 4,000 customers.
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