Arkade Group Acquires INR 103 Crore Plot from Bajaj Group in Mumbai

Sakshi Agrawal Feb 10, 2023 0

The Arkade Group, a Mumbai-based real estate company specializing in rehabilitation and open space redevelopment projects, has made a land purchase from Hercules Hoists, a subsidiary of the Bajaj Group. The 8,300 sq m plot located in Mulund (West), a suburb of Eastern Mumbai, was acquired for slightly over INR 1,030 million. The company plans to construct a residential complex with the potential to reach 5,00,000 sq ft, featuring 2 and 3 BHK units.

In addition to the ongoing construction of 2 million sq ft in the western suburbs of the city, the company will commence work on two further projects in the 2nd and 3rd quarters of 2023. These projects, an open plot development in Mulund and a society redevelopment in Vile Parle East, are expected to be completed by December 2026.

Established in 1986, the debt-free company has completed projects totalling 4 million sq ft, with another 2 million sq ft currently under construction. Of these, 3.6 million sq ft are greenfield projects, while the remaining space is comprised of redevelopment projects. The firm has set its sights on a $6 billion IPO in 2024.

Biltrax Construction Data is tracking 23,000+ projects on their technology platform for their clients.

Get exclusive access to upcoming projects in India with actionable insights and gain a competitive advantage for your products in the Indian Construction Market.

Visit or email us at to become a subscriber and generate leads.

Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email

Also read : Geojit Financial Services and Infopark Kochi Forge Strategic Alliance for IT Park Development


Leave a Reply

Your email address will not be published.