Arvind SmartSpaces Ltd (ASL) has signed a joint development agreement (JDA) for a residential horizontal development project on Kerala-Nalsarovar Road in South Ahmedabad, further strengthening its presence in the plotted development segment.
The project has an estimated revenue potential of ₹180 crore and is spread across 58.25 acres with a saleable area of about 2.5 million sq. ft.
Project details
Located in South Ahmedabad, the project is positioned in one of the region’s emerging micro-markets for plotted developments and weekend homes, supported by improving infrastructure and rising demand.
The company said the project aligns with its strategy of expanding its footprint in the horizontal real estate segment, which continues to witness strong customer interest.
Management comment
“We are happy to announce the acquisition of this residential plotted development project in the high-potential market of South Ahmedabad,” said Arvind SmartSpaces Managing Director and Chief Executive Officer Priyansh Kapoor.
“Ahmedabad continues to offer compelling growth opportunities in the horizontal real estate segment, driven by robust infrastructure development and growing demand for plotted developments. The company has established several benchmarks in the plotting and villa segments and is well-positioned to capitalise on the significant opportunities in this space,” he added.
Growth strategy
Established in 2008 and headquartered in Ahmedabad, Arvind SmartSpaces has a development portfolio of about 100 million sq. ft. across the country.
The company has projects across Ahmedabad, Gandhinagar, Vadodara, Bengaluru, Mumbai Metropolitan Region and Pune, and continues to focus on residential, plotted and villa developments in key growth markets.