Arkade Developers, a prominent player in Mumbai’s luxury real estate space, has announced impressive operational numbers for the financial year 2024-25 with pre-sales of INR 773 crore. This is a 19.8% year-on-year (YoY) growth, a testament to the demand and execution in a competitive market.
FY 2024-25: A Year of Operations
The year ending 31 March 2025 saw some big numbers across key operational parameters for Arkade Developers:
- Pre-Sales: INR 773 crore, up 19.8% YoY (FY 2023-24: INR 645 crore)
- Collections: INR 716 crore, up 21.8% YoY (FY 2023-24: INR 588 crore)
- Area Sold: 249,000 sq. ft., up 22.7% YoY (FY 2023-24: 203,000 sq. ft.)
In Q4 FY25 alone:
- Pre-Sales: INR 217 crore, up 10.6% YoY
- Collections: INR 238 crore, up 35.2% YoY
- Area Sold: 70,000 sq. ft., up 9.4% YoY
These numbers show the company’s sales velocity and timely execution and customer confidence in Arkade’s offerings.
Strategic Developments & Achievements in FY25
Throughout the financial year, Arkade Developers launched three significant projects across key Mumbai locales:
- Arkade Rare in Bhandup
- Arkade Views in Goregaon
- Arkade Vistas in Goregaon
In a testament to its project execution capabilities, the company also received four Occupation Certificates (OCs) ahead of the RERA schedule for:
- Arkade Crown
- Arkade Aspire
- Arkade Aura
- Arkade Prime
Moreover, over 650 possessions were handed over during the year, underscoring the firm’s reputation for timely delivery. Arkade also acquired 15.5 acres of land parcels in Mumbai’s western suburbs, projecting a Gross Development Value (GDV) of INR 8,590 crore from these acquisitions.
Outlook for FY 2025-26: An Ambitious Growth Pipeline
Looking forward, Arkade Developers has outlined an aggressive growth strategy for FY 2025-26, planning the launch of four new projects:
- Redevelopment projects in Santacruz, Goregaon, and Malad
- A land development project in Goregaon West
These projects are expected to contribute INR 3,500 crore to the company’s topline, with a presales target of 20% (approximately INR 700 crore) set at the time of launch. The total development pipeline, including ongoing and planned projects, now stands at INR 12,000 crore, with Arkade aiming for completion within four to five years.
Chairman and Managing Director Mr. Amit Jain stated,
“FY25 was a year of consistent performance and robust momentum. We have set the stage for our growth with a focus on timely delivery, sales velocity and customer satisfaction. Our young and dynamic execution team, coupled with disciplined project management, positions us strongly for FY26 and beyond.”
Arcade Developers Post-IPO Performance
Arkade Developers launched its IPO on 16 September 2024, with an issue size of INR 410 crore, Arkade Developers IPO was a complete fresh issue, it was subscribed 106.83X and listed with 29.58% returns. Shares of Arcade Developers down by 22% from its listing price of INR 165.86 per share on 19 November 2024, due to profit booking. However, soon the stock picked momentum and made an all-time high of INR 184.88 per share, reflecting a ~44.4% gain. Currently, it is trading around INR 173 per share, a moderate gain from its listing price.
Profitability & Margin Focus
Arkade Developers is looking at 20% profit after tax on its development pipeline which works out to around INR 2,400 crore. The company is ensuring all necessary approvals are in place before starting projects so that there are no delays and cash flows are steady.
Legacy & Vision
Founded in 1986, Arkade Developers has a proven track record with 31 completed projects, over 5.5 million sq. ft. developed, and more than 5,500 happy families served. The company currently has over 2 million sq. ft. under active development. With nearly four decades of real estate excellence, Arkade remains steadfast in its commitment to quality, transparency, and timely delivery — all while upholding its core philosophy of “Family First.”