Arvind SmartSpaces’(ASL) wholly owned subsidiary -- Arvind Homes has launched and sold the entire 1st phase of its residential plotting project, Arvind Greatlands in Devanahalli, Bengaluru on November 26, 2022. The first phase of this project, comprising of 400 plots with a saleable area of 0.57 million sq. ft. amounting to a booking value of more than Rs 200 crore, was sold out in 10 hours.
This project marked ASL’s entry into the plotted development segment in Bengaluru. 50 acres of the project was originally acquired under HDFC Platform 1 wherein HDFC has invested INR 50 crore. Further, ASL has acquired 18 acres on an outright basis adjacent to this project with a potential to expand the same further. Arvind Greatlands offers excellent infrastructure with RCC roads in the entire development and also houses an executive Golf Course.
Arvind SmartSpaces is engaged in to the business of Construction and Real Estate.
