Arkade Developers

Mumbai-based Arkade Developers has secured a prime land parcel in the city for Rs. 148 crore, marking a significant addition to its real estate portfolio. The acquisition highlights the company’s continued expansion in India’s most competitive property market, where land availability is limited and demand remains consistently high. Positioned to cater to both residential and commercial projects, the newly acquired site underscores Arkade’s strategy of strengthening its footprint in metropolitan hubs.

Mumbai-based Arkade Developers reported a modest decline in net profit for the first quarter of FY26, with earnings slipping 5% year-on-year to Rs. 29 crore. The drop in profitability was primarily driven by elevated construction input costs and subdued growth in new bookings, despite stable revenue from ongoing projects. The company, which has a growing footprint in the Mumbai Metropolitan Region (MMR), remains focused on expanding its development portfolio while navigating regulatory hurdles and volatile raw material prices.