Arvind SmartSpaces Limited — Updates, 27-01-2025: Press Release

Arvind SmartSpaces has signed an agreement to develop a mega industrial park in Ahmedabad, covering approximately 440 acres, with an estimated top-line potential of ₹1,350 crore. Located along NH47, Bavla-Bagodara Road, this project is positioned strategically at a tri-junction that enhances connectivity to key regions and ports. The park aims to create a comprehensive ecosystem for industries, featuring infrastructure such as a common effluent treatment plant, zero liquid discharge facilities, labor housing, and logistics zones.

Kamal Singal, Managing Director and CEO, expressed enthusiasm about diversifying their portfolio in Ahmedabad, highlighting the sustainable growth opportunities in the industrial park market. The company’s current new business development pipeline indicates a potential top-line of over ₹3,850 crore for the year. This move strengthens Arvind SmartSpaces' position in the real estate sector, catering to the growing demand in the industrial space while aligning with their strategic goals in key markets like MMR, Bengaluru, and Ahmedabad. Positive outlook ahead as they leverage the economic growth in Ahmedabad.