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Arkade Developers Ltd has entered the Thane real estate market with the purchase of a 6.28-acre freehold land parcel for Rs 1.72 billion, including stamp duty. The Mumbai-based real estate company announced the acquisition in a regulatory filing on Friday, marking its strategic expansion beyond central and western Mumbai.

The acquired site will house a mixed-use residential and commercial development, with a gross development value (GDV) of Rs 20 billion (USD 240 million). The planned development will offer a total saleable area of approximately 926,000 square feet, and is scheduled to launch in early 2026.

The project is expected to enhance Arkade鈥檚 growing portfolio and bring new housing and commercial options to the fast-growing Thane region, which has become a hub for urban expansion in the Mumbai Metropolitan Region.

With this foray into Thane, Arkade Developers, one of India鈥檚 prominent real estate firms, strengthens its position in the western India property market, targeting the demand for integrated living spaces combining residential and commercial facilities.