Arkade Developers has completed two years as a listed company, with its upcoming project portfolio expanding to 15 projects from eight and projected gross development value (GDV) rising to ₹18,000 crore from ₹2,800 crore in August 2024.
The company debuted on the stock exchanges in September 2024 through a ₹410-crore initial public offering.
The saleable carpet area of the upcoming portfolio has increased by more than 500% to 57 lakh square feet over the period, while the combined plot area has grown by more than 300% to 1.75 lakh square meters. The average project size has more than doubled to 11,660 square meters, reflecting a shift towards a larger development pipeline.
Arkade said it completed five projects and delivered 708 homes during the two-year period. Pre-sales rose at a compound annual growth rate (CAGR) of 18%, from ₹645 crore in FY24 to ₹901 crore in FY26. Area sold increased at a 25% CAGR to 3.15 lakh square feet, while collections grew at an 11% CAGR to ₹728 crore.
The expansion has also been supported by fresh land acquisitions in Mumbai and the wider metropolitan region.
Amit Jain, Chairman and Managing Director, 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.”
On the financial side, total income increased at a 14% CAGR to ₹828 crore in FY26 from ₹636 crore in FY24. EBITDA stood at ₹189 crore, with an EBITDA margin of 23%. Net worth rose 134% to ₹901 crore, while the company reported a negligible debt-to-equity ratio. It also remained net-cash positive as of the date of the statement, with liquid funds increasing 600% to ₹102 crore.
Within its first year of listing, Arkade entered the group of the top 1,000 listed companies. It also holds ISO 9001:2015 and ISO 45001:2018 certifications.
