Arkade Developers Limited, a prominent real estate player in Mumbai’s landscape, has made a significant move into the Thane market with the acquisition of a prime 6.28-acre land parcel in Kasarvadavali, Thane West. With an investment of Rs 172.48 crore (including stamp duty), this strategic purchase is set to anchor a marquee mixed-use development, boasting a Gross Development Value (GDV) of Rs 2,000 crore and a RERA saleable area of 9.26 lakh sq. ft.
Slated for launch in early 2026, this development aims to offer a seamless blend of premium residential units and curated commercial spaces, set against the backdrop of Sanjay Gandhi National Park and benefiting from Thane’s rapidly improving connectivity infrastructure.
Arkade’s Thane Debut: A Strategic Expansion
Prime Land Acquisition
- Location: Kasarvadavali, off Ghodbunder Road, Thane West
- Area: 6.28 acres (freehold land)
- Transaction Value: Rs 172.48 crore (including stamp duty)
- Development Type: Mixed-use (residential + commercial)
- Projected GDV: Rs 2,000 crore
- RERA Saleable Area: 9.26 lakh sq. ft.
- Launch Timeline: Early 2026
Jones Lang LaSalle (JLL) India acted as the exclusive transaction advisor for this high-value acquisition.
Project Highlights and Connectivity Advantage
Arkade’s upcoming Thane project will offer:
- Thoughtfully designed 2, 3, and 4 BHK residences
- Curated retail and commercial spaces
- Scenic views of Sanjay Gandhi National Park
- Proximity to key infrastructure: Ghodbunder Road, Eastern Express Highway
Thane’s transformation is further fueled by:
- Upcoming Metro Line 4
- Thane-Borivali twin tunnel project
- Evolving social and civic infrastructure
These factors position Ghodbunder Road as one of the most promising corridors for real estate growth and investment in the Mumbai Metropolitan Region (MMR).
Quote from Arkade Developers
“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 Amit Jain, Chairman and Managing Director, Arkade Developers Limited.
“Thane, with its rapidly evolving infrastructure, is emerging as a key growth hub for residential and commercial projects. Our strategy is aligned with the overall market trend towards luxury housing. FY25 is a landmark year for us, also marked by our acquisition of the iconic 4-acre Filmistan parcel in Goregaon,” he added.
Arkade’s Expanding Portfolio in MMR
The Thane project is a part of Arkade’s strategic expansion across Mumbai’s central corridor. Key ongoing developments include:
- Arkade Earth in Kanjurmarg (4 acres)
- Arkade Nest in Mulund (2 acres)
- Arkade Rare in Bhandup (3 acres)
These projects reflect the developer’s ‘Family-First’ design philosophy and its commitment to creating future-ready, community-centric living environments.
Quick Facts: Project Snapshot
| Feature | Details |
|---|---|
| Developer | Arkade Developers Limited |
| Location | Kasarvadavali, Thane West |
| Land Area | 6.28 acres (freehold) |
| Investment Value | Rs 172.48 crore (incl. stamp duty) |
| Project Type | Mixed-use (Residential + Commercial) |
| RERA Saleable Area | 9.26 lakh sq. ft. |
| Project Launch | Early 2026 |
| Project GDV | Rs 2,000 crore |
| Connectivity | Ghodbunder Road, Metro Line 4, EEH |
Frequently Asked Questions (FAQs)
Q1: What is the size of the land parcel acquired by Arkade Developers in Thane?
A: Arkade acquired a 6.28-acre freehold land parcel in Kasarvadavali, Thane West.
Q2: What is the projected value of the Thane project?
A: The project has an estimated Gross Development Value (GDV) of Rs 2,000 crore.
Q3: When is the Thane project expected to launch?
A: The project is slated for launch in early 2026.
Q4: What types of units will be available in this development?
A: The project will feature 2, 3, and 4 BHK residences along with retail and commercial spaces.
Q5: How is the connectivity around the project location?
A: It offers excellent connectivity via Ghodbunder Road, Eastern Express Highway, Metro Line 4, and the upcoming Thane-Borivali twin tunnel.