Arkade Developers surges on foraying into Thane real estate market
Arkade Developers is currently trading at Rs 195.50, up by 4.05 points or 2.12% from its previous closing of Rs 191.45 on the BSE.
The scrip opened at Rs 192.10 and has touched a high and low of Rs 197.00 and Rs 192.10 respectively. So far 77552 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52-week high of Rs 204.45 on 09-Jun-2025 and a 52-week low of Rs 128.30 on 21-Nov-2024.
Last one week high and low of the scrip stood at Rs 204.45 and Rs 185.00 respectively. The current market cap of the company is Rs 3636.22 crore.
The promoters holding in the company stood at 71.09%, while Institutions and Non-Institutions held 0.61% and 28.30% respectively.
Arkade Developers has forayed into the Thane real estate market with a landmark acquisition of a 6.28-acre freehold land parcel. The transaction, valued at Rs 172.48 crore including Stamp Duty, will pave the way for a marquee mixed-use development with a projected gross development value (GDV) of Rs 2000 crore having a RERA saleable area of 9.26 lakh sq. ft., the project launch is slated for early 2026. Jones Lang LaSalle (JLL) India was an exclusive transaction advisor for this deal.
Strategically nestled at Kasarvadavali off Ghodbunder Road in Thane West, this upcoming development is set to emerge as a landmark destination, offering a harmonious mix of thoughtfully crafted 2, 3, and 4 BHK residences along with curated retail and commercial spaces. The project boasts sweeping views of the Sanjay Gandhi National Park and seamless connectivity via Ghodbunder Road, the Eastern Express Highway.
With the upcoming Metro Line 4 and the Thane-Borivali twin tunnel, Thane is experiencing a significant transformation. Ghodbunder Road, in particular, continues to draw discerning homebuyers and investors, thanks to its expanding social ecosystem and improved connectivity. These ongoing developments are poised to redefine Thane’s identity, establishing it not only as a prominent district in Maharashtra but also as a national exemplar of progressive urban infrastructure and planned growth.
Arkade Developers is primarily engaged in real estate development. The operations of the company span all aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of Commercial and residential projects.
