Arvind SmartSpaces Expands Portfolio with Sanand Project

17 Feb 2025 CW Team

Arvind SmartSpaces Limited (ASL), a leading name in India's real estate development sector, has announced the addition of a new residential plotted development project in Ahmedabad, with an estimated top-line potential of approximately Rs 6 billion. The project, which spans 150 acres, is located along the Sanand-Nalsarovar Road, a region poised for significant growth due to its proximity to major industrial hubs and enhanced connectivity.

The development site is strategically situated about 15 km from Sanand and 30 km from the Nalsarovar Lake, an area known for its natural beauty and proximity to the Nalsarovar Bird Sanctuary. The project is expected to contribute to the region's growth, balancing ecological preservation with modern infrastructure. The Sanand-Nalsarovar corridor has seen a rise in demand for horizontal real estate, driven by its growing industrial ecosystem.

Kamal Singal, Managing Director and CEO, Arvind SmartSpaces, said, “We are excited to announce the acquisition of this residential plotted development project in the high-potential Sanand-Nalsarovar market. The Ahmedabad region continues to present significant growth opportunities in horizontal real estate, bolstered by robust infrastructure development and a thriving industrial environment. This acquisition brings our year-to-date project addition value to Rs 44.5 billion, marking our largest business development year to date."

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