Amit Jain, Chairman and Managing Director, says Arkade Developers has registered the development agreement for the Jal Ratan Deep project at Bangur Nagar, strengthening its presence in the Goregaon Malad micro market.
Mumbai, February 5, 2026: A premium mixed use redevelopment project is set to come up at Bangur Nagar in Goregaon West after Arkade Developers Limited registered the development agreement for Jal Ratan Deep, a redevelopment project with a projected gross development value of ₹350 crore.
The project will be developed on a plot measuring approximately 4,640.60 square metres and will comprise luxury two and three bedroom residences along with commercial spaces. The development is aligned with Arkade Developers’ focus on delivering high quality redevelopment solutions in established residential and commercial neighbourhoods.
Planned as a contemporary high rise, Jal Ratan Deep is designed to cater to buyers seeking larger homes within Goregaon West, one of Mumbai’s prominent western suburb micro markets. The inclusion of commercial spaces is expected to strengthen the mixed use character of Bangur Nagar while contributing to the area’s evolving commercial ecosystem.
Commenting on the development, Amit Jain, Chairman and Managing Director of Arkade Developers Limited, said the project aligns with the company’s vision of creating future ready urban spaces while expanding its footprint in key western suburbs of Mumbai. He added that the company has completed four projects and currently has three ongoing developments in the Goregaon Malad micro market.
Jain also noted that, in addition to Jal Ratan Deep, Arkade Developers has another project adjacent to the site planned for launch within the month, with an estimated gross development value of ₹230 crore. The combined projected gross development value of both projects stands at approximately ₹580 crore.
The Goregaon West development forms part of Arkade Developers’ broader strategy to focus on redevelopment opportunities within established neighbourhoods, offering larger homes and modern infrastructure while creating long term value for residents and stakeholders.
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