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Arvind SmartSpaces to develop a mega industrial park in Ahmedabad spread over ~440 acre with a top-line potential of ~Rs. 1,350 crore

Newsmantra — Mon, 27 Jan 2025 13:04:06 +0000

This Joint development project on NH47, Bavla-Bagodara Road is envisaged to be one of the largest industrial parks in Gujarat

Bengaluru, January 27, 2025: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development company, today announced that it has signed an agreement for a large industrial park in Ahmedabad, with a total estimated area of ~440 acre and a top-line potential of ~Rs. 1,350 crore. This mega project is located on NH47, Bavla-Bagodara Road. The project is signed under joint development model (70.5% Revenue share).

NH 47 is among one of the major national highways of Gujarat, which on the southern side connects Ahmedabad to all major cities of Saurashtra like Rajkot, Bhavnagar, Jamnagar etc, and on the northern side connects Ahmedabad to cities like Gandhinagar, Mehsana and connects the entire state to Rajasthan. This project is located on NH-47, between Bavla and Bagodara. It is located at a tri-junction that connects the project to Saurashtra region, Vadodara, Ahmedabad and key ports like Kandla, Mundra and Pipavav. The project is also located close to Dedicated Freight Corridor (DFC) and the upcoming Dholera Special Investment Region. There are several large industries in close vicinity which are focused on pharma, engineering, renewables, engineering, logistics and ancillaries. The micro-market is home to several large Industries and industrial parks.

The project is envisaged to be one of the largest industrial parks in Gujarat with end-to-end ecosystem to ensure a thriving environment for industries. The proposed infrastructure includes common effluent treatment plant (CETP), Zero Liquid Discharge (ZLD), labour housing, executive housing, weight bridge, logistics zones, etc.

Commenting on this development, Mr. Kamal Singal, Managing Director and CEO, Arvind Smartspaces said, “We

are excited to diversify our horizontal product mix in Ahmedabad and add a large industrial park to our portfolio. With this industrial plotted development, we have further augmented our horizontal portfolio and now have ~77 msf of projects in the Ahmedabad region. Given the healthy performance of the Ahmedabad economy, industrial park development market presents a sustainable and sizeable opportunity, and we remain at the forefront to address it.

Our Business Development initiatives are shaping up well and the cumulative new business development topline potential stands at more than ~Rs. 3,850 Cr for the current year to date. We look forward to add projects across our target markets of MMR, Bengaluru and Ahmedabad in the coming quarters.”

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Arvind SmartSpaces has achieved bookings of more than Rs. 500 Cr at the launch of Aqua City

Newsmantra — Fri, 11 Oct 2024 06:01:43 +0000

Arvind Aqua City located on NH47, Kalyangadh South Ahmedabad is a landmark township development and will have India’s largest private man-made lake with three unique islands and a 38-acre golf course

Bengaluru, 10th October 2024: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development company announced bookings of over Rs. 500 Cr at Arvind Aqua City, its largest township development to date, launched towards the end of September. Including the selective pilot phase of Rs. 93 Cr in Q1, Arvind Aqua City has achieved total bookings of Rs. 600 Cr.

The township project boasts several first-of-its-kind features, including India’s largest private man-made lake spanning 33 acres, three manmade islands, and other thoughtful amenities, making it a standout in the Indian real estate market.

Located 30 km from Ahmedabad near Kalyangadh on the Ahmedabad-Rajkot Highway, Aqua City offers a mix of plots and villas. Key features include an 18-hole golf course spread across 38 acre, a grand 50,000 sq .ft lakeside clubhouse, over 50 world-class amenities and a series of 11 temples mimicking by the Kashi Ghat, including a Jain Derasar, within the development.

Commenting on the launch performance, Mr. Kamal Singal, Managing Director & CEO of Arvind SmartSpaces, said, “We are thrilled to create yet another milestone in the Ahmedabad market. This landmark township, our biggest yet, is a reflection of our strategic vision to create designed to inspire spaces that balance unmatched lifestyle offerings and asset value creation. The market is ready for developments that go beyond traditional real estate, and we see immense potential for growth in this segment. Brand ‘Arvind’ continues to resonate strongly with homebuyers and we look forward to sustain our bookings momentum throughout the remainder of the year.”

Premium horizontal developments, by nature spacious and sprawling, have emerged as an ideal choice for weekend homes, primary residences, and urban investment opportunities. This township is envisioned to significantly shape the region’s real estate landscape. It offers excellent connectivity to key urban centers while providing a tranquil retreat from the city. Its strategic location ensures easy access to major road networks, making it ideal for both weekend getaways and permanent residences.

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Arvind SmartSpaces adds new high-rise project in ITPL Road, Bengaluru with a top-line potential of ~Rs. 600 Cr

Newsmantra — Thu, 10 Oct 2024 06:38:39 +0000

The project is spread across 2.9 acre and has a saleable area of 4.2lakh sq. ft

Bangalore, October 9, 2024: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies, part of the Lalbhai group, today announced that it has signed a new residential apartment project in Bengaluru, with a total estimated saleable area of ~4.2 lakh sq. ft. and a top-line potential of ~Rs. 600 Cr. This project is located on ITPL road, near Whitefield, Bengaluru. The project is undertaken on joint development basis.

This addition follows the acquisition of the Bannerghatta high-rise project signed in FY24. This would be ASL’s 12th overall and 8thhigh rise project in Bengaluru. ITPL Main Road, near Whitefield is one of the most established residential micro markets in Bengaluru. It boasts excellent connectivity with a metro station nearby and seamless access to the IT/ITES hub in Whitefield, which is home to numerous IT companies and tech parks. The site benefits from well-developed social and civic infrastructure, including prominent schools, hospitals, retail, residential, and commercial spaces in close proximity. Additionally, the area offers quick access to popular hotspots such as the Phoenix Marketcity, Forum Shantiniketan, Inorbit Mall, and the Whitefield Railway Station, making it a highly desirable location for residential development.

Commenting on this development, Mr. Kamal Singal, Managing Director and CEO, Arvind SmartSpaces said, “We are happy to add another high-rise project in Bangalore, strengthening our vertical development portfolio in one of India’s largest residential real estate markets. Brand ‘Arvind’ continues to resonate strongly with homebuyers and landowners alike, as we look to further deepen our presence in the Bangalore market.

With this project addition, our cumulative new business development topline potential for the year stands at ~Rs. 1,010 crore. The optimism in the real estate market remains strong and we are well on track to conclude our ongoing business plan of adding new projects across Ahmedabad, Bengaluru and MMR.”

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