Latest news with #ArkadeDevelopers
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Business Standard
16-06-2025
- Business
- Business Standard
Arkade Developers shares rise 3% on ₹2,000 crore Thane project foray
Shares of Arkade Developers rose nearly 3 per cent on Monday after it entered the Thane market with a 6.28-acre project with an estimated gross development value (GDV) of ₹2,000 crore. The real estate firm, Arkade Developer's stock rose as much as 2.9 per cent during the day to ₹196.7 per share. The stock trimmed gains to trade 1.5 per cent higher at ₹194.8 apiece, compared to a 0.02 per cent advance in Nifty 50 as of 9:55 AM. Shares of the company snapped a two-day fall on Monday and have risen over 27 per cent from its lows of ₹151.9, which it hit in May. The stock has risen 11.5 per cent this year, compared to a 4.8 per cent advance in the benchmark Nifty 50. Arkade Developers has a total market capitalisation of ₹3,592.59 crore, according to BSE data. Track LIVE Stock Market Updates Here Arkade Developers bags ₹172.48 crore worth land parcel The company, in an exchange filing on Friday, said it bought a 6.28-acre freehold land parcel in Thane, a part of the Mumbai Metropolitan Region (MMR), for ₹172.48 crore. The company plans to develop a mixed-use project on the acquired land, with a gross development value of ₹2,000 crore and a Real Estate Regulatory Authority (RERA) saleable area of 9.26 lakh sq ft. The launch is scheduled for early 2026. The land parcel is located at Kasarvadavali, off Ghodbunder Road, in Thane West. JLL India was the transaction advisor for the deal. "With a strong presence in central locations such as Kanjurmarg, Mulund, and Bhandup, our entry into the Thane market marks a significant milestone in our growth journey," according to Amit Jain, chairman and managing director. "Thane, with its rapidly evolving infrastructure including upcoming metro lines and other major projects, is emerging as a key growth hub for residential and commercial projects. Our strategy is aligned with the overall market trend towards luxury housing.' Arkade Developers Q4 results The realty firm reported a 70 per cent increase in its consolidated net profit to ₹33.26 crore for the latest quarter ended March. Its net profit stood at ₹19.61 crore in the year-ago period. Total income rose to ₹134.34 crore in the fourth quarter of the last fiscal from ₹123.13 crore in the corresponding period of the preceding year.
Business Upturn
16-06-2025
- Business
- Business Upturn
Arkade Developers shares rise 2% after company announces Rs 2,000 crore Thane project
By Aditya Bhagchandani Published on June 16, 2025, 09:24 IST Shares of Arkade Developers Ltd rose over 2% to ₹195.50 in Monday's early trade after the company announced a strategic land acquisition in Thane. The Mumbai-based real estate company confirmed its foray into the Thane market with a 6.28-acre freehold land parcel at Kasarvadavali, Ghodbunder Road. The company disclosed that the transaction, valued at ₹172.48 crore including stamp duty, is intended for a marquee mixed-use development with a projected gross development value (GDV) of ₹2,000 crore. The project is expected to offer 2, 3, and 4 BHK residences alongside curated retail and commercial spaces, with launch slated for early 2026. The site offers sweeping views of the Sanjay Gandhi National Park and benefits from strong infrastructure connectivity via Eastern Express Highway and the upcoming Metro Line 4 and Thane-Borivali twin tunnel. Arkade Developers Chairman & MD Amit Jain noted that the Thane expansion marks a major milestone in the company's growth, adding to recent developments in Kanjurmarg, Mulund, and Bhandup. The company also highlighted its recent acquisition of the 4-acre Filmistan land parcel in Goregaon with an estimated GDV of ₹3,000 crore. As of the latest update, Arkade Developers shares were trading at ₹195.50, up 2.25% from the previous close of ₹191.20. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
14-06-2025
- Business
- Business Standard
Arkade Developers acquires 6.28 acre land in Thane; targets Rs 2000 cr GDV
Arkade Developers said that it has acquired a 6.28 acre freehold land parcel for a total consideration of Rs 172.48 crore including stamp duty, marking its foray into the Thane real estate market. The transaction will pave the way for a marquee mixed-use development with a projected gross development value (GDV) of Rs 2,000 crore having a RERA saleable area of 9.26 lakh sq. ft., the project launch is slated for early 2026. Strategically nestled at Kasarvadavali off Ghodbunder Road in Thane West, this upcoming development is set to emerge as a landmark destination, offering a harmonious mix of thoughtfully crafted 2, 3, and 4 BHK residences along with curated retail and commercial spaces. The project boasts sweeping views of the Sanjay Gandhi National Park and seamless connectivity via Ghodbunder Road, the Eastern Express Highway. Amit Jain, chairman and managing director, Arkade Developers, said, With a strong presence in central locations such as Kanjurmarg, Mulund, and Bhandup, our entry into the Thane market marks a significant milestone in our growth journey. Thane, with its rapidly evolving infrastructure including upcoming metro lines and other major projects, is emerging as a key growth hub for residential and commercial projects. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory, creating enduring value for all stakeholders. FY25 marks a year of prominence, during which we also acquired the legendary 4-acre land parcel in Goregaon, previously leased to Filmistan, having an estimated GDV of Rs 3,000 crore. Arkade Developers is a leading luxury real estate developer in Mumbai. The company is engaged in the development of new projects (development / construction of residential premises on land acquired by the company) and redevelopment of existing premises. The companys consolidated net profit jumped 69.5% to Rs 33.26 crore on 7% increase in net sales to Rs 131.45 crore in Q4 FY25 over Q4 FY24. The counter fell 0.26% to settle at Rs 191.45 on Friday, 13 June 2025.
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Business Standard
13-06-2025
- Business
- Business Standard
Arkade Developers buys 6.28-acre land parcel in Thane for ₹172.48 crore
Arkade Developers, a Mumbai-based real estate developer, has bought a 6.28-acre freehold land parcel in Thane, a part of the Mumbai Metropolitan Region (MMR), for ₹172.48 crore, including stamp duty. The company will develop a mixed-use project on the purchased land with a gross development value (GDV) of ₹2,000 crore, having a Real Estate Regulatory Authority (RERA) saleable area of 9.26 lakh square feet (sq ft). The project launch is slated for early 2026, the company noted. The land parcel is located at Kasarvadavali, off Ghodbunder Road, in Thane West. JLL India was the transaction advisor for the deal. The company believes that with the upcoming Metro Line 4 and the Thane–Borivali twin tunnel, Thane is undergoing significant transformation. The land deal marks Arkade's entry into the Thane market. Amit Jain, chairman and managing director, Arkade Developers, said, 'With a strong presence in central locations such as Kanjurmarg, Mulund, and Bhandup, our entry into the Thane market marks a significant milestone in our growth journey. Thane, with its rapidly evolving infrastructure including upcoming metro lines and other major projects, is emerging as a key growth hub for residential and commercial projects. Our strategy is aligned with the overall market trend towards luxury housing.' Further, Jain stated that during the financial year 2025 (FY25), the company also acquired a 4-acre land parcel in Goregaon, which was previously leased to Filmistan. The parcel has an estimated GDV of ₹3,000 crore. According to Square Yards Data Intelligence, in the first quarter of the calendar year 2025 (Q1 CY25), Thane West saw 3,126 new property transactions with a gross sales value of ₹3,787 crore. The property rate in the area as of Q1 CY25 stood at ₹21,547 per sq ft, up from ₹20,029 per sq ft in Q1 CY24. Meanwhile, the rental rate as of Q1 CY25 stood at ₹40.413 per sq ft.
Hindustan Times
13-06-2025
- Business
- Hindustan Times
Arkade Developers acquires 6.28-acre land parcel in Thane near Mumbai for ₹172 crore
Mumbai-based listed real estate developer, Arkade Developers, on June 13 announced purchasing a 6.28-acre land parcel in Thane near Mumbai for ₹172 crore. The company plans to develop a mixed-use project with a projected gross development value (GDV) of ₹2,000 crore and having a RERA saleable area of 9.26 lakh sq ft, according to the company statement. The company said the land parcel is located at Kasarvadavali off Ghodbunder Road in Thane West, and it plans to build 2, 3, and 4 BHK residences along with retail and commercial spaces. The project faces the Sanjay Gandhi National Park (SGNP) and is wll connected through Ghodbunder Road, the Eastern Express Highway, according to the company statement. 'With a strong presence in central locations such as Kanjurmarg, Mulund, and Bhandup, our entry into the Thane market marks a significant milestone in our growth journey. Thane, with its rapidly evolving infrastructure including upcoming metro lines and other major projects, is emerging as a key growth hub for residential and commercial projects," said Amit Jain, chairman and managing director, Arkade Developers Limited. Also Read: Cricketer K L Rahul and his father-in-law, actor Suniel Shetty, buy land for ₹9.85 crore near Mumbai "Our strategy is aligned with the overall market trend towards luxury housing. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory, creating enduring value for all stakeholders. FY 25 marks a year of prominence, during which we also acquired the legendary 4-acre land parcel in Goregaon, previously leased to Filmistan Pvt. Ltd, having an estimated GDV of ₹3,000 crore," Jain said. Also Read: Rustomjee Group launches housing project in Dombivli near Mumbai with a revenue potential of ₹1,800 crore The company said that the upcoming Metro line 4 and the Thane-Borivali twin tunnel will bring significant transformation. Also Read: L&T Realty signs pact for joint development of 12 acre land in Thane with a potential of ₹697 crore According to the company, Ghodbunder Road, in particular, continues to draw discerning homebuyers and investors. Jones Lang LaSalle (JLL) India was an exclusive transaction advisor for this deal.
