India, Feb. 12 -- Listed real estate developer Arkade Developers announced on February 12 that it has secured a cluster redevelopment project with a gross development value of Rs.1700 crore in Dahisar, a micro market on the northern tip of Mumbai city.

The company has acquired a 6.5-acre land parcel in Mumbai's Dahisar East area for the cluster redevelopment of Anand Nagar Society. The total saleable area is approximately 6.76 lakh sq ft.

The company said the redevelopment project covers a plot area of 26,286 square meters and is projected to generate a gross development value (GDV) of Rs.1,700 crores.

"This marks a significant milestone for Arkade Developers as it continues to expand its footprint in the Mumbai metropolitan region, fu...