India, Feb. 19 -- Listed real estate developer Arkade Developers announced on February 19 that it had secured the redevelopment rights for Nutan Ayojan, a cooperative housing society in Mumbai's Malad West area. The project has a gross development value (GDV) of Rs.740 crore.

According to the company, the project spans across 6,858 sq mtrs and the project has a total saleable of 2.33 lakh sq ft RERA carpet approximately.

"The development will feature luxury residence configurations of 2 and 3 BHK apartments, catering to the evolving needs of homebuyers seeking premium living spaces in Mumbai's western suburbs along with 32 residential floors," the company said in a statement.

Upon completion, the project will offer 408 homes, out of wh...