Date: November 03, 2026
Transaction Overview
- Arkade Developers Limited has acquired 100% shareholding in Woollen and Textile Industries Ltd through a Share Purchase Agreement
- Total consideration: ₹146 crore
- Entire consideration has been paid
Asset Details
- The acquisition includes a land parcel measuring 14,363.60 sq. m. located in Bhandup (West), Mumbai
- This marks Arkade Developers' second acquisition in Bhandup West
Development Potential
- Proposed premium, contemporary residential development
- Estimated Gross Development Value (GDV): ₹1,800 crore
Strategic Rationale
- Strengthens company's presence in Mumbai's central corridor
- Reinforces commitment to strategic expansion across Mumbai Metropolitan Region's high-growth residential micro-markets
- Consolidates position in Mumbai's rapidly evolving central corridor
Management Commentary
Mr. Amit Jain, CMD of Arkade Developers, stated:
- Acquisition reinforces vision of creating value-driven developments in strategically located micro-markets
- Bhandup has evolved into a sought-after residential destination due to improving connectivity, expanding infrastructure, and growing homebuyer aspirations
- Company guided by legacy of trust, timely delivery, and quality construction
- Aims to unlock potential of the land parcel and create developments that contribute to regional urban transformation
Company Portfolio Context
Arkade Developers' current projects across MMR:
- Arkade Earth in Kanjurmarg: 4 acres
- Arkade Nest in Mulund: 2 acres
- Arkade Rare in Bhandup: 3 acres
- Flagship project in Thane scheduled for launch in FY27
Company Background
- Leading luxury real estate developer in Mumbai
- Listed on BSE (544261) and NSE (ARKADE)
- 40+ years of legacy
- Completed 33 projects
- Developed over 5.8 million square feet of property
- 3+ million square feet currently under construction
- Homes created for over 5,800 families
- Core philosophy: "Family First"
- Values: trust, transparency, commitment, and happiness
- Known for timely project deliveries