Arvind SmartSpaces Limited (ASL), part of the Lalbhai group and one of India’s leading real estate developers, has announced the acquisition of a new premium residential high-rise project in Vastrapur, Ahmedabad. Spread across 1.15 acres with a saleable area of approximately 3.6 lakh sq. ft., the project carries a top-line potential of nearly Rs. 400 crore.
This outright acquisition marks a significant milestone in ASL’s growth journey and reinforces its commitment to delivering high-quality residential projects in high-potential markets. The development will be ASL’s 24th project in Gujarat, underscoring the company’s strong presence in the state’s real estate sector.
Vastrapur, located in West Ahmedabad, is considered one of the city’s most established premium residential micro-markets. The site benefits from robust social and civic infrastructure, excellent connectivity to major parts of the city, and proximity to metro corridors, educational institutions, healthcare facilities, and lifestyle hubs. Residents will also enjoy quick access to business centres such as Navratna Business Park and Pinnacle Business Park, along with popular destinations like IIM Ahmedabad, Vastrapur Lake Garden, and Nexus Ahmedabad One Mall.
Commenting on the acquisition, Mr. Priyansh Kapoor, CEO and Whole Time Director, Arvind SmartSpaces, said: “Our diversification initiatives addressing both horizontal and vertical developments across our core geographies are progressing well. We are delighted to announce a premium residential apartments project after over a decade in Ahmedabad. Vastrapur is one of Ahmedabad’s most promising micro-markets for premium residential apartments, and this acquisition will expand the company's presence in West Ahmedabad. The optimism in the premium residential market remains strong and we look forward to adding new projects across Gujarat, Bengaluru and MMR during the remainder of the year.”
With this latest addition, Arvind SmartSpaces continues to strengthen its portfolio of premium residential developments, positioning itself to meet rising demand in urban centres. The project is expected to attract discerning homebuyers seeking modern living spaces in one of Ahmedabad’s most desirable neighbourhoods.
