In a significant move marking its foray into the high-potential Thane market, Mumbai-based Arkade Developers has acquired a 6.28-acre land parcel in Kasarvadavali, Thane West, for ₹172 crore. The company plans to develop a premium mixed-use project on the site with a projected gross development value (GDV) of ₹2,000 crore. The upcoming project will feature luxury residential units alongside retail and commercial spaces, leveraging the area’s growing connectivity and infrastructure upgrades.
Project Highlights and Location Advantage
Located off Ghodbunder Road in the Kasarvadavali area, the newly acquired plot is poised to become a cornerstone of Arkade’s expanding portfolio. The area is well-connected via:
- Ghodbunder Road
- Eastern Express Highway
- Upcoming Metro Line 4
- Thane-Borivali Twin Tunnel
Importantly, the land parcel faces the Sanjay Gandhi National Park (SGNP), offering future residents scenic views and a green environment—a rare offering in Mumbai’s extended suburbs.
Arkade’s Expansion Strategy: From Central Mumbai to Thane
Arkade Developers, already established in key central suburbs like Kanjurmarg, Mulund, and Bhandup, is making a bold entrance into the Thane real estate market. With a RERA saleable area of 9.26 lakh sq ft, the project will feature 2, 3, and 4 BHK luxury residences, along with retail and commercial zones, catering to discerning urban homebuyers and investors alike.
According to the company, this move aligns with their strategy to meet the rising demand for luxury housing and capitalize on high-growth zones in Mumbai Metropolitan Region (MMR).
Quick Project Summary
| Feature | Details |
|---|---|
| Land Parcel Size | 6.28 acres |
| Acquisition Cost | ₹172 crore |
| Location | Kasarvadavali, Thane West |
| Planned Development | Mixed-use (Residential + Commercial) |
| Projected GDV | ₹2,000 crore |
| RERA Saleable Area | 9.26 lakh sq ft |
| Unit Configuration | 2, 3 & 4 BHK |
| Key Infrastructure | Metro Line 4, Thane-Borivali Tunnel, SGNP view |
| Transaction Advisor | JLL India |
Industry Insight and Company Vision
“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. Thane, with its rapidly evolving infrastructure, is emerging as a key growth hub,” said Amit Jain, Chairman and Managing Director, Arkade Developers Limited.
He further added:
“Our strategy is aligned with the market trend towards luxury housing. With accelerating demand, we are well-positioned to maintain a sustainable growth trajectory. FY 25 is a year of prominence for us, also marked by the acquisition of the iconic Filmistan land parcel in Goregaon.”
FAQs: Arkade Developers’ Thane Project
1. Where is the new Arkade project located?
The upcoming project is located at Kasarvadavali, off Ghodbunder Road in Thane West, near Sanjay Gandhi National Park.
2. What is the total investment for the land parcel?
Arkade Developers has acquired the 6.28-acre land for ₹172 crore.
3. What kind of development is planned on the site?
A mixed-use project featuring 2, 3, and 4 BHK luxury residences along with retail and commercial spaces.
4. What is the total saleable area and projected GDV?
The RERA saleable area is 9.26 lakh sq ft, with a projected gross development value (GDV) of ₹2,000 crore.
5. What makes this location attractive for buyers and investors?
Strategic connectivity via Ghodbunder Road, proximity to Metro Line 4 and Thane-Borivali tunnel, and green views of SGNP make it a premium destination.