Mumbai-based Arkade Developers Limited has signed the development agreement for a premium redevelopment project Jal Ratan Deep at Bangur Nagar, Goregaon West, with an estimated gross development value of ₹350 crore.

The development will be undertaken on a plot admeasuring approximately 4,640.60 sq. metres and will be designed to include Luxury 2- & 3-bedroom residences, in line with Arkade’s commitment to delivering high quality redevelopment solutions.

Envisioned as a contemporary high-rise development, this project will offer luxurious homes and commercial spaces in Goregoan West, a prominent micro-market in the western suburbs of Mumbai. Catering to high-end users seeking larger homes, it strengthens the area’s mixed-use character and boosts Bangur Nagar’s commercial ecosystem – enhancing the overall urban experience.

Commenting on the launch, Amit Jain, CMD, Arkade Developers Limited, said, “This development aligns with our vision of building sustainable, future-ready urban spaces, strengthening our footprint in key western suburbs. We have 4 projects completed and 3 ongoing in Goregaon-Malad micro market. In addition to Jal Ratan Deep, we have another project adjacent to the project lined-up for launch this month with an estimated GDV of ₹230 Crores. The aggregated projected GDV for both the projects is ₹580 Crs. This move reinforces our presence, creates long-term value for residents, and offers thoughtfully planned larger homes to new buyers.”