{
  "id": 9523466,
  "title": "Arkade Developers' GDV Jumps To ₹18,000 Crore, Total Income Up 14% To ₹828 Crore In FY26",
  "url": "https://urgent.news/2026/09/24/arkade-developers-gdv-jumps-to-18-000-crore-total-income-up-14-to-828",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T08:02:10.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/arkade-developers-gdv-jumps-to-18000-crore-total-income-up-14-to-828-crore-in-fy26"
  },
  "original_language": "en",
  "account": "Mumbai: Arkade Developers reported a substantial rise in its gross development value (GDV) for upcoming projects, soaring 500% to ₹18,000 crore, compared to ₹2,800 crore in August 2024. The company, recently listed after its ₹410-crore IPO in September 2024, has expanded its project portfolio from eight to 15 projects. The saleable carpet area for upcoming projects surged over 500% to 57 lakh sq ft, while the total plot area increased 300% to 1.75 lakh sq m. Arkade Developers' total income grew by 14% CAGR to ₹828 crore in FY26, up from ₹636 crore in FY24. Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) reached ₹189 crore, with an EBITDA margin of 23%. The company secured a major redevelopment project in Kandivali East with a GDV of ₹1,100 crore. Pre-sales and collections grew at an 18% and 11% CAGR, respectively, reaching ₹901 crore and ₹728 crore. Net worth surged 134% to ₹901 crore, with liquid funds increasing 600% to ₹102 crore. Chairman and Managing Director Amit Jain revealed that the company acquired two significant land parcels in Goregaon and Thane, investing around ₹530 crore for over 10 acres. The company completed five projects, delivering 708 homes, with the average project size doubling to 11,660 sq m. Arkade Developers holds ISO 9001:2015 and ISO 45001:2018 certifications and was listed among the top 1,000 listed companies within its first year of listing.",
  "summary": "Mumbai: Arkade Developers on 24 September 2026 announced its gross development value (GDV) for upcoming projects has risen over 500% to ₹18,000 crore, up from ₹2,800 crore in August 2024. The company completed two years as a listed entity after its ₹410-crore initial public offering (IPO) in September 2024. Project Portfolio Expansion The company’s project portfolio has grown from eight to 15…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}