Arvind SmartSpaces Limited — Updates, 17-02-2025: Press Release

Arvind SmartSpaces Limited has disclosed a new residential plotted development project in Sanand, Ahmedabad, encompassing an area of approximately 150 acres with a top-line potential of around Rs. 600 crore. This project, located along Sanand-Nalsarovar Road, acquired outright, features a saleable area of 6.6 million square feet and is poised for growth due to its proximity to the Nalsarovar Bird Sanctuary and key industrial zones.

The Managing Director and CEO, Kamal Singal, emphasized that this acquisition enhances their year-to-date project addition value to Rs. 4,450 crore, marking a significant milestone as their largest business development year. This strategic move is reflective of the region's robust infrastructure growth and demand for horizontal real estate. Investors should note this as a positive development, as it underscores the company’s commitment to expanding its footprint in high-potential markets.