Arvind SmartSpaces Limited (ASL) has acquired a new residential plotted development project in Ahmedabad, with an estimated area of ~150 acres and a top-line potential of ~Rs 600 crore. This project is located at Ahmedabad's Sanand-Nalsarovar Road. The project is acquired on an outright basis.
The project is strategically located approximately 15 km from Sanand and 30 km from Nalsarovar Lake. Known for its proximity to the Nalsarovar Bird Sanctuary and its natural charm, the region is set for transformative growth, balancing ecological preservation with modern infrastructure. The corridor benefits from enhanced connectivity and is close to major industrial hubs, creating a structural demand for horizontal real estate.
Kamal Singal, Managing Director and CEO of Arvind Smartspaces, commented, "We are happy to announce the acquisition of this residential plotted development project in the high-potential Sanand-Nalsarovar market of Ahmedabad. The Ahmedabad region continues to offer compelling growth opportunities for horizontal real estate, driven by strong infrastructure development and a thriving industrial ecosystem. With this acquisition, our year-to-date (YTD) project addition value now stands at Rs 4,450 crore, making it our biggest ever business development year."
