Mumbai Feb 5 : Arkade Developers Limited, a leading listed real estate entity in Mumbai, has signed the Development Agreement for a premium redevelopment project Jal Ratan Deep at Bangur Nagar, Goregaon West, with an estimated Gross Development Value of INR 350 crore.
The development will be undertaken on a plot admeasuring approximately 4,640.60 sq. metres and will be designed to include Luxury 2- & 3-bedroom residences, in line with Arkade’s commitment to delivering high quality redevelopment solutions.
Envisioned as a contemporary high-rise development, this project will offer luxurious homes and commercial spaces in Goregoan West, a prominent micro-market in the western suburbs of Mumbai. Catering to high-end users seeking larger homes, it strengthens the area’s mixed-use character and boosts Bangur Nagar’s commercial ecosystem enhancing the overall urban experience.
Commenting on the launch, Mr. Amit Jain, CMD, Arkade Developers Limited, said,
“This development aligns with our vision of building sustainable, future-ready urban spaces, strengthening our footprint in key western suburbs. We have 4 projects completed and 3 ongoing in Goregaon-Malad micro market. In addition to Jal Ratan Deep, we have another project adjacent to the project lined-up for launch this month with an estimated GDV of INR 230 Crores. The aggregated projected GDV for both the projects is INR 580 Crs. This move reinforces our presence, creates long-term value for residents, and offers thoughtfully planned larger homes to new buyers.”