Arkade Developers gains on securing cluster redevelopment project in Kandivali East
Arkade Developers is currently trading at Rs. 124.75, up by 2.15 points or 1.75% from its previous closing of Rs. 122.60 on the BSE.
The scrip opened at Rs. 122.65 and has touched a high and low of Rs. 126.85 and Rs. 120.80 respectively. So far 36947 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 213.30 on 18-Jul-2025 and a 52 week low of Rs. 93.95 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 128.65 and Rs. 111.25 respectively. The current market cap of the company is Rs. 2320.80 crore.
The promoters holding in the company stood at 71.19%, while Institutions and Non-Institutions held 0.32% and 28.49% respectively.
Arkade Developers has acquired the cluster redevelopment rights of 9 societies with a saleable RERA CA of approximately 325,000 Sq. ft. The upcoming development is strategically located in the upscale neighbourhood of Ashok Nagar, Kandivali East. Spread across approximately 3 acres with a projected Gross Development Value (GDV) of around Rs 1,100 crore. The redevelopment will feature premium residences, thoughtfully designed to meet the evolving aspirations of urban homebuyers.
This landmark project will be among the most significant redevelopment initiatives in Kandivali East, reaffirming Arkade’s commitment to transforming established neighbourhoods into vibrant, future-ready communities. Beyond providing modern homes, the development is envisioned to enhance the local ecosystem with contemporary amenities, landscaped open spaces, and high-quality construction standards.
