Arvind SmartSpaces Reports Record Sales in FY24

Arvind SmartSpaces Ltd's Q4 Net Profit Soars by 67%

Realty firm Arvind SmartSpaces Ltd announced a significant surge in its net profit, marking a 67 per cent increase to Rs 15.49 crore for the quarter ended March, driven by a substantial rise in income. Compared to Rs 9.30 crore in the corresponding period last year, the company witnessed notable growth in profitability.

The company's total income also experienced an upward trajectory, reaching Rs 120.10 crore in the quarter, up from Rs 94.37 crore recorded in the same quarter a year ago.

Throughout the fiscal year 2023-24, Arvind SmartSpaces Ltd witnessed a remarkable growth in..

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..

HDFC Capital, Arvind SmartSpaces to create Rs 50 bn revenue potential

The joint real estate investment and development platform of HDFC Capital Advisors, a wholly-owned subsidiary of India’s largest mortgage lender Housing Development Finance Corporation (HDFC), and realty developer Arvind SmartSpaces is expected to create overall revenue potential of Rs 50 billion, excluding reinvestment prospects.

Realty developer Arvind, part of the Ahmedabad-headquartered Lalbhai Group, entered into an agreement with HDFC Capital Advisors earlier this month to set up a Rs 9 billion platform to undertake residential developments.

HDFC Capital Affordable R..

DLF Launches Luxury Project in Gurugram

DLF, India's leading real estate developer, has unveiled an ambitious luxury housing project in Gurugram, valued at ?2.5 billion. Located in Sectors 76 and 77, the DLF Privana project spans over 116 acres and includes high-rise apartments offering spectacular views of the Aravalli Range.

The latest phase, DLF Privana West, features 795 luxury apartments which sold out within three days of launch, generating around ?550 million. This follows the success of DLF Privana South, which sold 1,113 units for approximately ?720 million earlier in the year. These developments highlight the stron..

Migsun Group Plans Rs 5 Bn Investment in Greater Noida Projects

Migsun Group, a prominent real estate developer, has unveiled plans to invest Rs 500 crore in four new projects located in Greater Noida. This initiative is part of the company's strategic efforts to enhance its presence and contribute to the burgeoning real estate sector in the region.

The investment will be directed towards the development of residential and commercial properties, aimed at meeting the increasing demand for quality real estate in Greater Noida. These projects are expected to not only expand Migsun Group's portfolio but also generate employment opportunities and stimul..