Arkade Developers Enters Thane Market with 6.28-Acre Mixed-Use Project, Targeting ₹2,000 Crore GDV.

Arkade Developers Limited, a prominent name in Mumbai's real estate sector, has announced its strategic entry into the Thane market with the acquisition of a 6.28-acre freehold land parcel. The transaction, valued at ₹172.48 crore including Stamp Duty, sets the stage for a marquee mixed-use development projected to achieve a Gross Development Value (GDV) of ₹2,000 crore.

The project, boasting a RERA saleable area of 9.26 lakh sq. ft., is strategically located at Kasarvadavali off Ghodbunder Road in Thane West. Its launch is anticipated in early 2026. Jones Lang LaSalle (JLL) India served as the exclusive transaction advisor for this significant deal.

Vision for a Landmark Mixed-Use Community

This upcoming development is envisioned as a landmark destination, offering a harmonious blend of meticulously designed 2, 3, and 4 BHK residences alongside curated retail and commercial spaces. Future residents will benefit from sweeping views of the Sanjay Gandhi National Park and seamless connectivity via Ghodbunder Road and the Eastern Express Highway.

Thane is currently undergoing a significant infrastructural transformation, with key projects like the upcoming Metro Line 4 and the Thane-Borivali twin tunnel. Ghodbunder Road, in particular, continues to attract homebuyers and investors due to its expanding social ecosystem and improved connectivity. These ongoing developments are poised to redefine Thane's identity, establishing it as a prominent district in Maharashtra and a national example of progressive urban infrastructure and planned growth.

Driving Growth and Value Creation

Mr. Amit Jain, Chairman and Managing Director, Arkade Developers Limited, expressed his enthusiasm for the expansion. "With a strong presence in central locations such as Kanjurmarg, Mulund, and Bhandup, our entry into the Thane market marks a significant milestone in our growth journey," said Jain. "Thane, with its rapidly evolving infrastructure including upcoming metro lines and other major projects, is emerging as a key growth hub for residential and commercial projects."

Jain emphasized the company's commitment to delivering a development that combines thoughtful design, functional living, and vibrant community spaces. He added, "Our strategy is aligned with the overall market trend towards luxury housing. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory, creating enduring value for all stakeholders."

The current fiscal year, FY25, marks a period of significant expansion for Arkade Developers. Earlier this year, the company also acquired a legendary 4-acre land parcel in Goregaon, previously leased to Filmistan Pvt. Ltd, with an estimated GDV of ₹3,000 crore.

Arkade Developers continues to strengthen its footprint across MMR's central corridor with landmark developments such as Arkade Earth in Kanjurmarg (4 acres), Arkade Nest in Mulund (2 acres), and Arkade Rare in Bhandup (3 acres). Staying committed to its 'Family-First' philosophy, the brand remains dedicated to crafting thoughtful, future-ready communities that elevate the region's skyline while nurturing wholesome living.