BSECompany Update1d ago · 24 Sept 2026, 01:08 pm
Press Release on marking a milestone of 2 years of the IPO and growth journey.
Arkade Developers Ltd · 544261
✦ AI Summary▲ PositiveExpansion
Arkade Developers Ltd has completed 2 years as a listed company, with its upcoming project portfolio expanding from 8 to 15 projects and projected gross development value (GDV) increasing more than 500% to ₹18,000 crore. The company has delivered 5 projects and sold 708 homes during this period, with pre-sales growing at an 18% CAGR and total income growing 14% CAGR to ₹828 crore in FY26.
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Growth Catalyst9/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment9/10
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Arkade Developers Ltd - 544261 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Ref No.: ADL/SE/26-27/49
Date: September 24, 2026
To, To,
The Manager The Manager
Corporate Relationship Department Listing Department
BSE Limited National Stock Exchange of India Limited
Floor 25, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex
Dalal Street, Bandra (East),
Mumbai - 400 001 Mumbai - 400 051
BSE Scrip Code -544261 NSE Symbol :ARKADE
Dear Sir/Madam,
Sub- Business Updates
Dear Sir/Madam,
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulation, 2015, enclosed herewith a copy of Press Release on
marking a milestone of 2 years of IPO and growth journey.
You are requested to take the above information on your records.
Thanking You,
For Arkade Developers Limited
Amit Mangilal Jain
Chairman & Managing Director
DIN: 00139764
Encl: As above
Arkade Developers Marks 2 Yrs Of IPO; Upcoming Project GDV Grows 500% to
₹18,000 Cr
Mumbai, Sept 24, 2026: Arkade Developers has completed two years as a listed company, with its
upcoming project portfolio expanding from eight to 15 projects and projected gross development value
(GDV) increasing more than 500% to ₹18,000 crore, from ₹2,800 crore in August 2024. The company made
its debut on the stock exchanges in September 2024 with a ₹410-crore initial public offering (IPO).
Over the two-year period, the saleable carpet area of its upcoming projects increased more than 500% to
57 lakh sq ft, while the total plot area grew more than 300% to 1.75 lakh sq m. Average project size more
than doubled to 11,660 sq m.
Arkade completed five projects and delivered 708 homes during this period. Pre-sales grew at an 18%
CAGR, from ₹645 crore in FY24 to ₹901 crore in FY26. Area sold increased at 25% CAGR to 3.15 lakh sq ft,
while collections rose at 11% CAGR to ₹728 crore.
Total income grew 14% CAGR to ₹828 crore in FY26 from ₹636 crore in FY24, EBITDA stood at 189 Crs with
EBITDA Margin at 23%. The company delivered this strong growth while maintaining a robust and
disciplined balance sheet, with a negligible debt-to-equity ratio. Net worth surged 134% to ₹901 crore,
underscoring the company’s strengthened financial foundation. The company also remained net-cash
positive as on date, with liquid funds increasing 600% to ₹102 crore. This strong liquidity position provides
greater financial flexibility and supports the company’s ability to pursue its growth initiatives while
maintaining a prudent capital structure.
Speaking on the milestone, Amit Jain, CMD, Arkade Developers, said, “
“Two years as a listed company have reinforced our belief that sustainable growth is built on disciplined
execution, financial prudence and a clear understanding of where Mumbai’s real estate market is headed.
During this period, we have significantly expanded our development pipeline, including the acquisition of
two large land parcels in Goregaon and Thane, representing an investment of approximately ₹530 crore
and spanning more than 10 acres. These acquisitions underscore the strength and diversity of our
development strategy, with a balanced mix of greenfield and redevelopment opportunities.
As we enter the next phase of our growth journey, our priority remains to scale with purpose, execute
every project with greater rigour and build a business that creates lasting value for our customers,
partners and shareholders.”
Within its first year of listing, Arkade also featured among the top 1,000 listed companies and holds ISO
9001:2015 and ISO 45001:2018 certifications. The two-year milestone reflects the company’s expansion
in development scale, project delivery and financial performance since its market debut.
About Arkade Developers Ltd:
Arkade Developers is a leading luxury real estate developer in Mumbai and is listed on both the exchanges,
BSE (544261) and NSE (ARKADE). With a rich legacy spanning over 40 years, the company has established
itself as a symbol of quality and excellence.
Under the leadership of Chairman and Managing Director Mr. Amit Jain, Arkade Developers has
transformed into one of Mumbai’s most respected real estate firms. The company has completed 33
projects and created homes for over 5,800 happy families. Guided by the core philosophy of "Family First,"
Arkade Developers focuses on building family-friendly homes and upholds values such as trust,
transparency, commitment, and happiness.
Known for its timely project deliveries, Arkade Developers has made a significant mark in the Mumbai real
estate sector, having developed over 5.8 million square feet of property, with an additional 3+ million
square feet currently under construction.
The company's commitment to quality is reflected in its meticulous planning, innovative designs, and use
of advanced technologies, which ensure that every project is delivered on time and to the highest
standards.
40 years of legacy | 33 projects completed | 5.8+ M sq. ft. developed | 3+ M sq. ft.
under development | 5,800+ Happy Families | Listed on BSE & NSE | Pioneers in
Timely Delivery | ISO 9001-2015 & 45001-2018 Certified