Arvind SmartSpaces Adds New Horizontal Development Project in South Ahmedabad with Potential Top Line of ~Rs 180 Crore
Arvind SmartSpaces Limited (ASL), a prominent real estate development company in India, has secured a new residential horizontal development project located on Kerala-Nalsarovar Road in South Ahmedabad. This acquisition represents a joint development opportunity with an estimated top-line potential of approximately Rs 180 crore.The project spans 58.25 acres and includes 2.5 million square feet of saleable area. The move underlines ASL’s strategic interest in the burgeoning plotted and villa segments within the Ahmedabad region.
South Ahmedabad has increasingly been recognized as a promising micro-market for weekend homes and plotted developments, benefiting from robust infrastructure development and escalating demand across the greater Ahmedabad area.
Commenting on this significant expansion, Mr Priyansh Kapoor, MD and CEO of Arvind SmartSpaces stated that the company is pleased to acquire the residential plotted development in South Ahmedabad's high potential market. He noted that Ahmedabad offers compelling growth opportunities in horizontal real estate, driven by strong infrastructure development and growing demand for such developments.
The Company affirmed its strong positioning within the plotting and villa segments, stating it is well-equipped to capitalize on the substantial growth prospects presented by this segment of the market.
Arvind SmartSpaces Limited was established in 2008 and benefits from a legacy dating back over 128 years through the Lalbhai Group. Headquartered in Ahmedabad, ASL is focused on delivering real estate solutions that add value to its customers. The company has developed approximately 100.1 million square feet of real estate across various cities, including Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune.
ARVSMART Stock Price Movement
Arvind SmartSpaces Limited saw its stock rise on Monday, settling at ₹594.65 after gaining 3.33% from the previous close. The equity navigated within an intraday range established between ₹583.05 and ₹600.45, with a total traded volume of 39,769 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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