Mumbai : Arkade Developers Limited, a leading listed real estate development company, has entered into an agreement to acquire 100% of the shareholding in Woollen and Textile Industries Ltd for a total consideration of ₹146 crore, with the entire consideration having been paid. The acquisition includes a land parcel measuring 14,363.60 sq. m. in Bhandup (West), further strengthening the company’s presence in Mumbai’s central corridor. The proposed premium, contemporary residential development has an estimated Gross Development Value (GDV) of ₹1,800 crore.
The transaction marks Arkade Developers’ second acquisition in Bhandup West reinforcing its’ commitment to strategic expansion across MMR’s high-growth residential micro-markets and further consolidating its position in the city’s rapidly evolving central corridor.
Speaking on the acquisition, Mr. Amit Jain, CMD of Arkade Developers, said: “This acquisition reinforces our vision of creating value-driven developments in strategically located micro-markets. Bhandup has rapidly evolved into a sought-after residential destination driven by improving connectivity, expanding infrastructure and growing homebuyer aspirations. Our legacy of trust, timely delivery, and quality construction continues to guide our growth strategy. We look forward to unlocking the potential of this land parcel and creating developments that contribute meaningfully to the region’s urban transformation. Arkade Developers continues to strengthen its presence across MMR’s central corridor through a portfolio of developments in key residential micro-markets. Its notable projects include Arkade Earth in Kanjurmarg, spread across 4 acres; Arkade Nest in Mulund, spanning 2 acres; and Arkade Rare in Bhandup, spread across 3 acres. Further expanding its footprint across the Eastern region, the company is set to launch its flagship project in Thane in FY27, marking another significant milestone in its growth journey.
This acquisition not only strengthens our presence in a key growth corridor but also reinforces our ambition to build a future-ready portfolio of landmark developments across the Mumbai Metropolitan Region”.
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