Arvind SmartSpaces expands with two township projects in Ahmedabad
Real Estate

Arvind SmartSpaces expands with two township projects in Ahmedabad

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


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

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code