Realty firm Arkade Developers Ltd on Thursday reported a 6 per cent increase in its consolidated net profit to Rs 45.80 crore for the quarter ended September on higher revenue. Its net profit stood at Rs 43.36 crore in the year-ago period. Total income rose to Rs 264.82 crore in the July-September quarter of this fiscal from Rs 203.33 crore in the corresponding period of the preceding year, according to a regulatory filing. Mumbai-based Arkade Developers has delivered over 5.5 million square feet of property, with an additional 2 million square feet currently under construction.
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Arkade Developers has signed an MoU to acquire Woollen and Textile Industries Ltd, giving it ownership of a 3.54-acre land parcel in Bhandup West for Rs 148 crore
Realty firm Arkade Developers Ltd on Wednesday said it has bought 14,364 sq metre land in the Mumbai Metropolitan Region (MMR) for Rs 148 crore. In a regulatory filing, the company informed that it has entered into an MoU (memorandum of understanding) to acquire 100 per cent shareholding in Woollen and Textile Industries Ltd. "The proposed acquisition includes a land parcel admeasuring 14,363.60 sq metres located in Bhandup (West). The total consideration for the deal is Rs 148 crore," Arkade Developers said. The company has completed 31 projects comprising 5 million square feet of area so far. It is constructing another 2 million sq ft area. Mumbai-based Arkade Developers is one of the leading real estate firms in the country.
Arkade Developers' share price rose today after the company announced that it has entered into a binding agreement to acquire Filmistan Pvt Ltd for a total consideration of approximately ₹183 crore.
Arkade Developers' shares rose 3 per cent after it entered the Thane market with an estimated GDV of ₹2,000 crore
Arkade to enter Thane real estate market with ₹172.48 crore land deal; plans a ₹2,000 crore mixed-use project on 9.26 lakh sq ft RERA saleable area by 2026
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