Arvind SmartSpaces expands with two township projects in Ahmedabad

02 Aug 2023 CW Team

Arvind SmartSpaces (ASL) announced that they had entered into agreements for two multi-use development projects in Ahmedabad. The total estimated area of these projects was 704 acres, and they had a top-line potential of approximately Rs 23 billion.

It was revealed that the first project covered 500 acres and had a revenue potential of around Rs 14.50 billion. On the other hand, the second project spanned 204 acres with a revenue potential of about Rs 8.50 billion.

These projects were situated in South Ahmedabad and were set to become ASL's 17th and 18th projects in the city. It was mentioned that both projects had been signed under the joint development model.

The managing director and CEO of the company, Kamal Singal, stated that they had strengthened their value proposition in plotting, villa, and villament following the pandemic. He expressed confidence in Arvind SmartSpaces' track record and believed that the company was well-positioned to seize the significant opportunities in this space.

Also read:
MahaRERA verifies & approves 290 projects out of 450 applications
Macrotech developers invests Rs 10 bn, plans project expansion

Real Estate

31 Oct 2025

Birla Estates Tops Global GRESB 2025 Rankings

Birla Estates (BEPL), a wholly owned subsidiary of Aditya Birla Real Estate (formerly Century Textiles and Industries Limited), has been recognised as a Sector Leader in the 2025 GRESB Real Estate Assessment, securing top honours across multiple global and regional categories.Birla Estates’ Achievements in GRESB 2025:Global Sector Leader – ResidentialGlobal Sector Leader – Non-Listed ResidentialRegional Sector Leader – Asia – ResidentialRegional Sector Leader – Non-Listed – Asia – ResidentialThese distinctions reaffirm Birla Estates’ exceptional performance in Environmental, ..

Progota India Secures RDSO Clearance for Kavach 4.0

Concord Control Systems, one of India’s leading manufacturers of embedded electronic and critical system solutions, announced that its associate company, Progota India, has received Technical Prototype Clearance from the Research Designs and Standards Organisation (RDSO) for Kavach 4.0, the latest version of Indian Railways’ indigenous Automatic Train Protection (ATP) system.With this clearance, Progota has been formally approved to execute its ongoing trial order from South Central Railway, marking a key milestone in India’s railway modernization journey. The approval also establishes P..

MPS Interactive Systems Completes Full Acquisition of Liberate Group

MPS Interactive Systems (MPSi), a material subsidiary of MPS, has completed the acquisition of the remaining shareholding in the Liberate Group of Companies—comprising Liberate Learning, App-eLearn, and Liberate eLearning.With this transaction, MPSi now holds 100 per cent ownership of all entities within the Liberate Group, making them its wholly owned subsidiaries. The acquisition was executed in line with the valuation methodology defined in the original transaction documents.Commenting on the development, Rahul Arora, Chairman and CEO of MPS, said, “The corporate learning sector continu..