India, June 13 -- Mumbai-based listed real estate developer, Arkade Developers, on June 13 announced purchasing a 6.28-acre land parcel in Thane near Mumbai for Rs.172 crore.

The company plans to develop a mixed-use project with a projected gross development value (GDV) of Rs.2,000 crore and having a RERA saleable area of 9.26 lakh sq ft, according to the company statement.

The company said the land parcel is located at Kasarvadavali off Ghodbunder Road in Thane West, and it plans to build 2, 3, and 4 BHK residences along with retail and commercial spaces.

The project faces the Sanjay Gandhi National Park (SGNP) and is wll connected through Ghodbunder Road, the Eastern Express Highway, according to the company statement.

"With a stron...