Arkade Developers Limited on Wednesday announced the launch of Arkade Evoke, a luxury residential project in Goregaon West, Mumbai, with a gross development value of ₹230 crore. The company’s stock closed at ₹104.05 on the NSE, up 1.93 per cent from its previous close of ₹102.08, touching an intraday high of ₹106.90.
The project, spread across 1.09 acres, will offer premium 2 and 3 BHK apartments. The development is Arkade’s eighth residential project in the Goregaon-Malad corridor, a market the Mumbai-based developer has been systematically expanding into over recent years.
The site’s proximity to Bangur Nagar metro station is a key selling point, as metro connectivity has become a significant driver of residential demand across Mumbai’s western suburbs.
Design features include balconied units — particularly in the 3 BHK configurations — along with surface parking and cross-ventilation planning, amenities that have gained traction among buyers in Mumbai’s premium housing segment.
Amit Jain, Chairman and Managing Director, described the launch response as overwhelming and said the project reflects the company’s strategy of deepening its presence in micro-markets where infrastructure and end-user demand are well-established.
Arkade Developers has a 39-year operating history, 31 completed projects, and over 5.5 million square feet of developed property, with an additional 2 million square feet currently under construction across Mumbai.