This Mumbai-based luxury real estate developer is in focus as its shares jumped 4 percent following its announcement of acquiring 6.28 acres of land worth Rs. 172.48 Crore with a GDV of Rs. 2,000 Crore.
With a market capitalisation of Rs. 3,648 Crore, the stock of Arkade Developers opened at Rs. 192.10, around the same level as yesterday’s close, and after opening, it made a high of Rs. 199.45, up 4.17 percent. Additionally, since listing the stock has given a return of 27 percent from its listing.
Update from the Company
The Company has announced its strategic entry into Thane with the acquisition of a 6.28-acre land parcel at Kasarvadavali, Ghodbunder Road. The land acquisition is valued at Rs. 172.48 crore (including stamp duty), will support the development of a mixed-use project with a projected Gross Development Value (GDV) of Rs. 2,000 crore and RERA saleable area of 9.26 lakh sq. ft. The project is scheduled for launch in early 2026.
The development will feature thoughtfully designed 2, 3, and 4 BHK residences alongside retail and commercial spaces, offering scenic views of Sanjay Gandhi National Park and benefiting from excellent connectivity through Ghodbunder Road and upcoming infrastructure like Metro Line 4 and the Thane-Borivali twin tunnel.
Further, the Company’s CMD, Mr. Amit Jain, highlighted the company’s strategic expansion into Thane, citing the area’s rapid infrastructure growth as a major opportunity.
He emphasised their focus on delivering well-designed, community-oriented developments aligned with the rising demand for luxury housing. He also noted FY25 as a landmark year, marked by the acquisition of a prime 4-acre Goregaon land parcel with an estimated GDV of Rs. 3,000 crore.
Arkade Developers Limited is a leading real estate company based in Mumbai with a strong legacy spanning over 39 years. Founded in 1986, the company has earned a solid reputation for delivering premium residential and mixed-use developments across Mumbai’s central and suburban corridors.
Under the leadership of Chairman and Managing Director Mr. Amit Jain, Arkade has successfully completed 31 projects, providing homes to over 5,500 families, and has developed more than 5.5 million square feet of real estate, with over 2 million square feet currently under development.
The company reported a 6.50 percent YoY increase in revenue from Rs. 123 Crore in Q4FY24 to Rs. 131 Crore in Q4FY25. On a QoQ basis, the company reported a decrease of 41 percent in revenue from Rs. 225
Their Net profit saw an increase of 65 percent YoY from Rs. 20 Crore to Rs. 33 Crore for the same period. On a QoQ basis, the company reported a decrease of 34 percent in Net profit from Rs. 50 Crore in the previous quarter.
Written By Abhishek Das
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