Mumbai, February 07, 2024: Arkade Developers Ltd. (formerly known as Arkade Developers Pvt. Ltd.) a fast growing real estate development company with a significant presence in Mumbai, Maharashtra (Source: Anarock Report), is pleased to announce the launch of Phase 1 of Arkade Nest, an exclusive residential project located in Sarvodaya Nagar, Mulund West. The project spans over a 2-acre plot with a total of Six wings out of which right now three wings are launched.
In addition to this milestone and the launch of Arkade Nest, Arkade has also successfully secured redevelopment agreements for two projects in western suburbs of Mumbai.The redevelopment projects are – the Arunachal Co-op HSG Society at Jay Prakash Nagar, Goregaon East and the NutanAyojan Co-op HSG Society in Liberty Garden, Malad West.
Commenting on the launch Mr. Amit Jain, CMD, Arkade Developers Limited, said, “Arkade is pleased to be launching Phase 1 of Arkade Nest, which serves as a testimony to our commitment to offering luxury residences in prominent regions of Mumbai. With focus on our blended model of Greenfield and Redevelopment projects we are happy to announce two redevelopment projects in Goregaon East and Malad West.”
The new redevelopment projects and launch of Arkade Nest are in line with Arkade’s commitment and focus to deliver affordable luxury residential premises to its buyers in highdensity regions of MMR, Maharashtra while placing a premium on construction quality and catering to aspirationallife-style choices.
In addition, Nutan Ayojan Co-op HSG Society in Liberty Garden is situated in Malad West with a plot size of 6830 sqmt. and offers an approx saleable carpet area of 1 lac sqft. After the successful completion of the Arkade Serene in Sunder Nagar and the recent launch of Arkade Eden in Sunder Nagar, this venture is again Arkade’s third project in Malad West Micro Market.
The Arunachal Co-op HSG Society redevelopment project at Jay Prakash Nagar is spread across a plot size of 4487 sq mt.and is anticipated to have an approx saleable carpet area of 82000 sqft. Notably, this marks Arkade’s third venture in Goregaon East’s Jayprakash Nagar, after Arkade Adornia and Arkade Aspire.
About Arkade:
Arkade, is a prominent, fast-growing real estate development company with a significant presence in Mumbai, Maharashtra(Source: Anarock Report). The company’s operations are concentrated on the development of value luxury affordable residential premises.
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Arkade Developers Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).The DRHP is available on the website of SEBI at www.sebi.gov.in as well as on the website of the Book Running Lead Manager, Unistone Capital Private Limited at www.unistonecapital.com and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see ‘Risk Factors’ of the RHP/ Prospectus, when available. Potential investors should not rely on the DRHP for any investment decision.
