Arvind SmartSpaces said it will develop a new residential plotted development project in Ahmedabad with a total estimated area of 150 acre and a top-line potential of Rs600 crore.
Kamal Singal, Managing Director and CEO, Arvind Smartspaces said, “The Ahmedabad region continues to offer compelling growth opportunities for horizontal real estate, driven by strong infrastructure development and a thriving industrial ecosystem. With this acquisition, our year-to-date (YTD) project addition value now stands at Rs. 4,450 crore, making it our biggest ever business development year.”
The company said the saleable area is 6.6 million sq. ft.
This project is located in Sanand-Nalsarovar road, Ahmedabad. The project is acquired on an outright basis. The project is strategically located approximately 15 km from Sanand and 30 km from Nalsarovar Lake. Known for its proximity to the Nalsarovar Bird Sanctuary and its natural charm, the region is set for transformative growth, balancing ecological preservation with modern infrastructure.
The corridor benefits from enhanced connectivity and is close to major industrial hubs created a structural demand for horizontal real estate.
With approximately 106 million square feet of real estate development across the country, the company is focused on delivering real estate solutions that add value to the lives of its customers and is fast emerging as a leading corporate real estate player in the country. The company has real estate developments across Ahmedabad, Gandhinagar, Bangalore and Pune.
