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.

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