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Arkade Developers entered into an agreement to acquire 100% of the shareholding in Woollen and Textile Industries Ltd for a total consideration of ₹146 crore,
with the entire consideration having been paid. The acquisition includes a land parcel measuring 14,363.60 sq. m. in Bhandup (West), further strengthening the company’s presence in Mumbai’s central corridor. The proposed premium, contemporary residential development has an estimated Gross Development Value (GDV) of Rs. 1,800 crore.
The transaction marks Arkade Developers’ second acquisition in Bhandup West reinforcing its' commitment to strategic expansion across MMR’s high-growth residential micro-markets and further consolidating its position in the city's rapidly evolving central corridor.
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