This Real Estate Company Records Pre-sales of Rs 773 Crore, a Jump of 20 Per Cent YoY in FY25: Collections Rise by 22 Per Cent, Area Sold Surged by 23 Per Cent in FY25 with 3 New Projects.
In the last 6 months the stock has given 22 per cent returns to its investors.
Arkade Developers Ltd, a prominent luxury real estate developer in Mumbai, has announced significant operational achievements for the fiscal year 2024-25. The company disclosed a robust growth in pre-sales, recording Rs 773 crores, a 19.8 per cent increase compared to the previous year's Rs 645 crores. Arkade Developers highlighted that the area sold during FY25 reached 249,000 square feet, marking a 22.7 per cent year-over-year growth from the 203,000 square feet sold in FY24. The company's collections also saw a substantial rise, closing at Rs 716 crores, a 21.8 per cent increase from the previous year.
For the fourth quarter of FY25, Arkade Developers reported pre-sales of Rs 217 crores, a 10.6 per cent increase year-over-year, and collections of Rs 238 crores, a 35.2 per cent increase compared to the same period last year. The area sold in Q4 FY25 was 70,000 square feet, up by 9.4 per cent from the 64,000 square feet sold in Q4 FY24.
The company's achievements in FY24-25 include the launch of three projects in Mumbai: Arkade Rare (Bhandup), Arkade Views & Arkade Vistas (Goregoan). Arkade Developers also received Occupancy Certificates (OCs) for four projects ahead of the RERA schedule - Arkade Crown, Arkade Aspire, Arkade Aura, and Arkade Prime. Additionally, the company handed over 650+ possessions, demonstrating its commitment to timely delivery.
Arkade Developers reported the cumulative acquisition of 15.5 acres of land in the western suburbs of Mumbai, with a projected Gross Development Value (GDV) of Rs 8,590 crores.
Mr. Amit Jain, Chairman and Managing Director, Arkade Developers, said, "FY25 was a year of consistent performance and robust momentum. With a sharp focus on timely execution, sales velocity and customer satisfaction, we have witnessed significant growth in top-line sales and collections. The improved operational efficiency and disciplined project management have laid a strong foundation for future pipelines. As we enter FY26, we remain committed to scaling our development footprint across Mumbai, while delivering value to all our stakeholders.”
Arkade Developers Limited has a legacy of over 39 years in the real estate sector. Founded in 1986, the company has completed 31 projects, delivering homes to over 5,500 families. The company has developed over 5.5 million square feet of property and has an additional 2+ million square feet currently under construction.
Arkade Developers Ltd is currently trading at Rs 174 per share with a market cap of Rs 3,236. The stock of the company was listed on BSE and NSE on September 24, 2024. In the last 6 months the stock has given 22 per cent returns to its investors.
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Disclaimer: The article is for informational purposes only and not investment advice.