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Think Redevelopment, Think Arkade.

At Arkade, we are committed to transforming ageing properties into modern, vibrant spaces that uplift communities. Our redevelopment projects blend innovation with thoughtful design, ensuring that every building we renew brings lasting value to its residents. With a focus on sustainability and smart infrastructure, we strive to create homes that stand the test of time while enriching the lives of those who live within them.

What Is Redevelopment?

Redevelopment offers a powerful solution for housing societies in Mumbai where old buildings are either dilapidated, uninhabitable or lack modern amenities. It is a process of demolishing existing structures and reconstructing buildings into modern, functional spaces. Redevelopment of societies accelerates and empowers them with more space, better amenities, and an improved quality of life.

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Benefits of Redevelopment

Partnering with a reputable developer like Arkade unlocks a range of benefits for societies.

Optimal Space Utilization
Dedicated Parking Space
Enhanced Property Value

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Modernized Living Spaces
Upgraded Lifestyle Amenities
Community Revitalization

Why Choose Arkade For Redevelopment?

On-time Delivery

Arkade prioritizes timely delivery, consistently completing every project ahead of schedule. This commitment to punctuality fosters trust and reliability with our clients.

Exceptional Quality

Our dedication to constructing premium quality homes sets us apart. We use only the finest materials and fittings in all our constructions. This ensures durability, aesthetic appeal, and client satisfaction.

Expertise in What We Do

With a skilled in-house team handling every aspect of redevelopment, we ensure consistency and quality from design to execution. Throughout every project’s lifecycle, our team stands by your side, ensuring seamless accessibility and unwavering engagement.

Transparency

Transparency is fundamental to our ethos. We maintain clear and professional communication, keeping all paperwork and interactions open with the communities Arkade redevelops.

Financial Stability

Arkade prioritizes financial stability, demonstrated by strong credit ratings, robust balance sheets, and certified solvency.

Personal Touch

We design apartments tailored to your individual needs, offering the flexibility to adjust the size and layout based on your input.

Think Redevelopment. Think Arkade!

Recently Completed Redevelopment Projects

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serene-redevelop
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jeevansarita-redevelop
adornia-redevelop

Ongoing Redevelopment Projects

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FAQs

What are the documents needed for the redevelopment vetting process?
  1. Property conveyance document
  2. Property Card
  3. 7-12 Extract
  4. List of members with existing flat numbers and existing carpet area
  5. Existing IOD with Plan
  6. Existing Occupation Certificate with associated plans
  7. Latest CTS Plan
  8. Latest DP Remarks
  9. AutoCAD of Physical Survey
  10. Any Litigation if any in respect of society/Land/third party rights etc.
Which building can go into redevelopment?

If a building has an appropriate balance of floor space index (FSI) and has the potential to consume FSI in the proposed redevelopment on the existing plot according to the current Development Control and Promotion Regulations (DCPR) of 2034, then that building may opt for redevelopment. However, this is subject to the agreement of both the housing society and the owner.

How are the society and members protected?

Generally, Existing members are allocated their new flats below the developers sale flats hence when the project is registered with RERA the Existing members and sale flats are secured. ie:- (When a sale flat is located above an existing member’s flat, the existing member is also secured under RERA guidelines).

The developer will sign a Development Agreement with the society, which will include all necessary provisions to ensure the safety and security of both parties and their members.

Whose responsibility is it to take all the approvals?

All the necessary approvals will be taken care of by the developer, at no cost to the society. There is no need for the society to follow up with government departments.

What are the stages of redevelopment?
  1. The redevelopment of the project requires approval by a majority vote at a Special General Body Meeting.
  2. It is essential to engage a legal and project management consultant to guide housing society members throughout the procedure
  3. Finalize the Draft of the Tender and Finalize the Feasibility reports forwarded by the society consultant
  4. The public in general should be aware that the society is willing to go for redevelopment and hence request the developers to participate in the Tendering process and submit the bids and commercials as per the Tender.
  5. A comparison chart needs to be submitted by the consultant to the society (Offers, Financial strength, Experience to date, handling capacity, Past history, Deliveries, Company Profile…etc) so that the society can shortlist the right developers and request them for site visit and Presentation
  6. The final Offer is to be submitted by the developer so that they can finalize the Developer of the society in the presence of an Officer appointed by the Dy.Registrar.
  7. After the Appointment of the developer both parties shall finalize the Development Agreement, Power of Attorney, and Plans which shall be mutually agreed upon and be put forward in the SGM for approvals so that the said DA, POA, and Plan can be submitted for registration and approvals from the authorities.
  8. On receipt of approvals from the department and fulfilling all the required compliance as per the Development Agreement the developer will issue Vacating notice and accordingly the society will allocate the proposed new flat to the existing members and the developer will start the process of registration of the Permanent Accommodation Agreement.
  9. On receipt of possession of the society the developer will start construction as per the Development Agreement and on receipt of the Occupation Certificate the developer will inform the society to take repossession of their new flats.
How to choose the right developer?

Financial Stability

Verify the developer’s financial health through:

  1. Credit ratings
  2. Last 3 years Balance Sheet
  3. Solvency Certificate from National Bank
  4. Network & Turnover Certificate

Past Performance

To evaluate the Developer’s Portfolio check:

  1. Years of experience in the industry
  2. Strength of staff
  3. Expertise in handling redevelopment projects
  4. The volume of work done to date
  5. On-time delivery and quality of previous projects

Delivery Timeline

The Developer should have an on-time delivery track record. Also, check the copy of the project’s IOD, CC, and OC certificates.

Quality you Deserve

The Developer provides a consistent product quality, be it for the existing members or prospective buyers.

What are the precautions a housing society must take to safeguard the project?
  • It is important to choose the right developer for the redevelopment project instead of solely going for the highest offer submitted. All the necessary details should be scrutinized thoroughly.
  • Development Agreements and plans should be finalized in consultation with the society’s appointed consultants.
  • Transparency is crucial during the redevelopment process and should be given utmost importance.
  • Any illegal activities are strictly prohibited during the process of redevelopment.
How is redevelopment beneficial to the homeowner in Mumbai?

A homeowner can benefit from the redevelopment of a project in several ways, including:

  1. Additional area above the existing carpet area
  2. Hardship compensation
  3. Rent Refund
  4. Brokerage charges, relocation charges, etc.
  5. Increased Value of the property with latest and upgraded amenities
  6. Dedicated parking space
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IMPORTANT NOTICE

NOT FOR DISTRIBUTION TO ANY PERSON OR ADDRESS IN THE UNITED STATES.
IMPORTANT: You must read the following notice before continuing.

The following notice applies to the Draft Red Herring Prospectus of Arkade Developers Limited (the “Company”) dated August 28, 2023 (the “Draft Red Herring Prospectus”) filed with the Securities and Exchange Board of India (“SEBI”) on August 28, 2023 and hosted on this website in connection with the initial public offering of the equity shares of our Company (the “Offer”). You are advised to read the following notice carefully before reading, accessing or making any other use of the Draft Red Herring Prospectus. By accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions. The Draft Red Herring Prospectus is directed at, and is intended for distribution to, and use by, residents of India only. The information in this portion of our website, including the Draft Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States. No part of the contents of the Draft Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed. The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”).?   Our Company has taken all necessary steps to ensure that the contents of the Draft Red Herring Prospectus as appearing on this website are identical to the Draft Red Herring Prospectus filed with the SEBI. You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and, consequently, neither our Company nor any of its affiliates accept any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data. The equity shares offered in the Offer have not been and will not be registered, listed or otherwise qualified in any other jurisdiction except India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction. In particular, the equity shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered or sold in the United States (as defined in Regulation S under the U.S. Securities Act (“Regulation S”)) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The equity shares are being offered and sold only to persons outside the United States in “offshore transactions” as defined in and in accordance with Regulations. Neither our Company, nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus, and it shall not constitute an offer to sell or an invitation to subscribe to or purchase equity shares offered in the Offer in any jurisdiction including India. Potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. Any decision on whether to invest in the equity shares described in the Draft Red Herring Prospectus may only be made after a red herring prospectus has been filed with the Registrar of Companies, Maharashtra at Mumbai and the SEBI and must be made solely on the basis of such red herring prospectus as there may be material changes in the red herring prospectus compared to the Draft Red Herring Prospectus. Invitations to subscribe to or purchase the equity shares in the Offer will be made only pursuant to the red herring prospectus if the recipient is in India or the preliminary offering memorandum for the Offer, which comprises the red herring prospectus and the preliminary international wrap for the Offer, if the recipient is outside India. No person outside India is eligible to Bid for Equity Shares in the Offer unless that person has received the preliminary offering memorandum for the Offer, which contains the selling restrictions for the Offer outside India. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section titled “Risk Factors” of the red herring prospectus, when available. Neither our Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. Our Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus beyond the date of the Draft Red Herring Prospectus. The information contained in the Draft Red Herring Prospectus may not be updated since its original publication date and may not reflect the latest updates. 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Furthermore, it does not constitute a recommendation by our Company or any other party to sell or buy securities in our Company in the United States or in any other jurisdiction outside India.

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