Arkade Builders Ltd. Acquires 3 Acre Land Parcel at Bhandup West from Copper Rollers Pvt. Ltd. for Composite Worth of Rs. 103.88 Crores
Arkade Builders Ltd. (previously recognised as Arkade Builders Pvt. Ltd.) (Arkade) has done the acquisition of approx. 3 Acre industrial plot in Eastern suburb of Bhandup West from M/s Copper Rollers Pvt. Ltd.
Arkade Developers buys Three-acre industrial land in Bhandup for Rs. 104 crore
We have perused the document pertaining to registration of conveyance deed accomplished at Vikhroli on 26th September 2023. The composite deal worth quantities to Rs. 103.88 which incorporates Transaction Price of Rs. 98 Crore in addition Stamp duty of Rs. 5.88 Crore. The doc “Conveyance deed” signifies that the possession is duly handed over to Arkade and full thing to consider has been received by the vendor/s.
Arkade had acquired land parcel in Mulund west in the month of February this yr. Aside from this land acquisition, Arkade has acquired letter of intent from 4 societies for redevelopment initiatives, and has been verified as a favored developer in 1 venture in Mumbai Metropolitan Region.
Currently, Arkade is acquiring 5 ongoing projects with developable region of approx. 1.8 million sq. toes with 4 of the initiatives anticipated to be concluded by December 31, 2025 (for every RERA filings) and the remaining 1 task envisioned to be completed by June 30, 2027 (for every RERA filings). Arkade is also setting up to start 2 forthcoming initiatives in Vile Parle East and Malad West with developable area of .4 million sq. ft.
Mr. Amit Jain CMD, Arkade, when confirming the similar reported that, “We are wanting forward to start exclusive blended-use challenge giving 2 & 3 BHKs in jap area of MMR. This acquisition is in line with our system of getting assignments in Jap location of MMR.”
Notably, Arkade has crammed a Draft Red Herring Prospectus with SEBI previously this thirty day period with intention to elevate up to Rs. 430 Crore from an original general public supplying of its fairness shares.
Arkade Developers Restricted is proposing, subject to receipt of requisite approvals, market problems and other factors, to make an initial general public offer of its equity shares and has submitted a draft purple herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The DRHP is offered on the web-site of SEBI at www.sebi.gov.in as properly as on the site of the Reserve Functioning Lead Manager, Unistone Money Private Limited at www.unistonecapital.com and the sites of the inventory exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any probable trader should note that financial investment in fairness shares involves a superior diploma of possibility and for particulars relating to this sort of hazard, see ‘Risk Factors’ of the RHP, when accessible. Potential investors should not rely on the DRHP for any investment decision decision.
