Arkade Developers to Redevelop Three Housing Projects in Mumbai

Arkade Developers to Redevelop Three Housing Projects in Mumbai

Arkade Developers to Redevelop Three Housing Projects in Mumbai

Arkade Developers has announced plans to redevelop three major housing projects in Mumbai, spanning approximately five acres across Andheri East, Malad West, and Borivali West. These redevelopment initiatives will create a saleable carpet area of 5.85 lakh sq ft, with an estimated turnover of 2,150 crore.

Project Highlights

  1. Andheri East:

    • Plot Size: 6,811 sq meters.
    • Saleable Carpet Area: 1.29 lakh sq ft.
    • Projected Turnover: 527 crore.
  2. Malad West:

    • Plot Size: 6,337 sq meters.
    • Saleable Carpet Area: 2.12 lakh sq ft.
    • Projected Turnover: 758 crore.
  3. Borivali West:

    • Plot Size: 7,084 sq meters (largest redevelopment among the three).
    • Saleable Carpet Area: 2.44 lakh sq ft.
    • Projected Turnover: 865 crore.
    • Includes a cluster of four societies, making it a significant community redevelopment project.

Developer’s Vision

Amit Jain, Chairman and Managing Director of Arkade Developers, emphasized the company’s strong delivery track record and its growing pipeline of projects. He stated, "We have a robust pipeline of over eight upcoming projects across the Mumbai Metropolitan Region (MMR). We expect to witness a further uptick in societies partnering with us, owing to our exemplary delivery track record."

Redevelopment Impact

These redevelopment projects are expected to:

  • Revitalize residential communities in prime Mumbai locations.
  • Offer modernized housing infrastructure and amenities.
  • Generate significant economic activity and boost real estate in these micro-markets.
About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/