Arvind Smartspaces (ASL) has acquired a new residential high-rise project in Vastrapur, Ahmedabad with a total estimated saleable area of around 3.6 lakh sq. ft. and a top-line potential of around Rs 400 crore. The project is acquired on an outright basis. This strategic addition marks a significant milestone in ASL’s growth journey and reinforces its commitment to delivering premium residential high-rise projects in high-potential markets.
This would be ASL’s 24th project in Gujarat. Vastrapur is one of the most established premium residential micro markets in West Ahmedabad. The site benefits from well-developed social and civic infrastructure, offers excellent connectivity to major parts of the city, proximity to metro corridors, educational institutions, healthcare facilities, and vibrant lifestyle hubs. The area offers quick access to business hubs like Navratna Business Park and Pinnacle Business Park, as well as popular hotspots such as the IIM Ahmedabad, Vastrapur Lake Garden and Nexus Ahmedabad One Mall, making it a highly desirable location for residential development.
Arvind Smartspaces is engaged in to the business of Construction and Real Estate.
| Company Name | CMP |
|---|---|
| Lodha Developers | 840.60 |
| Dilip Buildcon | 450.80 |
| DLF | 586.90 |
| Oberoi Realty | 1689.00 |
| Ahluwalia Contract(I | 887.00 |
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