Arvind SmartSpaces to develop 150-acre residential project on Sanand-Nalsarovar road

Ahmedabad: Arvind SmartSpaces Limited (ASL), a real estate development company, today announced that it has signed a new residential plotted development project in Ahmedabad, with a total estimated area of 150 acres and a top-line potential of Rs. 600 crore. This project is located in Sanand-Nalsarovar road, Ahmedabad. The project is acquired on an outright basis.

The project is 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, said teh company

Commenting on this development, Mr. Kamal Singal, Managing Director and CEO, 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.” DeshGujarat