Arkade Developers Launches ₹230 Crore Luxury Project in Mumbai

Arkade Developers Limited has announced the launch of a new luxury residential project named Arkade Evoke in Goregaon West, Mumbai. The project is designed to appeal to luxury buyers and has a Gross Development Value (GDV) of ₹230 crore. This development is Arkade’s eighth residential project in the Goregaon-Malad corridor, reinforcing its presence in the area.

The financial aspect of the project highlights a GDV of ₹230 crore, indicating the scale and investment involved in the development. The project is positioned in the premium segment, offering 2 and 3 BHK units. The strategic location near the Arkade Bangur Nagar metro station is expected to enhance the project’s connectivity and appeal to potential buyers.

The operational scope of Arkade Evoke includes a development spread across 1.09 acres. The project is designed to cater to the preferences of urban homebuyers, featuring thoughtfully planned residences with balconies, especially in the 3 BHK configurations. The inclusion of private outdoor spaces and surface parking is part of the design to meet the growing demand for enhanced liveability and openness in luxury housing. The project also emphasizes cross ventilation, addressing the needs of discerning buyers in Mumbai’s premium housing market.

In the context of the market, Arkade Developers continues to focus on creating lifestyle-led housing solutions in Mumbai’s western suburbs. The strategic location of Arkade Evoke near a metro station is a significant factor in attracting residential demand. The project aligns with Arkade’s strategy of strengthening its presence in well-established residential micro-markets where connectivity and infrastructure are key drivers.

The timeline for the project has not been explicitly stated in the filing. However, the launch announcement indicates that Arkade Developers is actively progressing with the development. The company has a history of timely project deliveries, which is a critical aspect of its operations.

About Arkade Developers Limited: Arkade Developers is a prominent luxury real estate developer in Mumbai, listed on both the BSE and NSE. The company has a legacy spanning over 39 years and has completed 31 projects, creating homes for over 5,500 families. Arkade Developers focuses on building family-friendly homes and upholds values such as trust, transparency, and commitment. The company is known for its meticulous planning, innovative designs, and use of advanced technologies to ensure high-quality project deliveries.