Arkade Developers Launched a Residential and Commercial Project in Mumbai

On October 22, 2024, shares of Arkade Developers surged by 2.88% to hit an intraday high of Rs.149.55 after the company revealed plans to launch its latest residential and commercial project, Arkade Rare – Bhandup, in Mumbai. 

Arkade Rare – Residential & Commercial Spaces

Come October 26, Arkade Developers is set to launch Arkade Rare in Bhandup West, a thriving location in Mumbai’s eastern corridor. This project spans over 3 acres and will feature 7 towers, each 21 storeys tall. With 432 residential units and 43 commercial spaces, Arkade Rare will offer a mix of 2 BHK and 3 BHK apartments designed for luxury living.

This development isn’t just about size—it’s about quality. Covering approximately 725,000 square feet, Arkade Rare will come with an estimated sales value of Rs.760 crore. The land was secured last year in a Rs.103 crore deal, marking the start of Arkade’s plan to expand in this region.

Lifestyle Amenities &  Location

Arkade Rare will bring an upscale lifestyle to Bhandup. With over 50% of the area dedicated to open spaces, residents will enjoy a serene environment complemented by modern amenities like air-conditioned homes, a lap pool, a hydrotherapy pool, a golf putting green, and an indoor badminton court. The project also has a private access road and is located near a proposed Jain Derasar, making it ideal for families seeking convenience and luxury. The project’s location offers connectivity to key business districts, schools, hospitals, and malls—making it an attractive option for homebuyers looking to elevate their lifestyle.

However, the stock pared some of its gains, trading around 4% lower at Rs.139.72, while the BSE Sensex recorded a 0.17% decline, standing at 81,013.96 levels.

Conclusion: With Arkade Rare, Arkade Developers is betting big on Bhandup’s rising appeal. This launch not only highlights offerings of luxury living but also positions them as players in Mumbai’s booming eastern suburbs.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.