Ahmedabad: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies and part of the Lalbhai Group, has announced the acquisition of a new residential high-rise project in Vastrapur, Ahmedabad. The project has an estimated saleable area of approximately 3.6 lakh sq. ft. and a top-line potential of ₹400 crore.

This will be ASL’s 24th project in Gujarat. Vastrapur is considered one of the most established premium residential micro-markets in West Ahmedabad. The location benefits from well-developed social and civic infrastructure and offers excellent connectivity to key parts of the city, including metro corridors, educational institutions, healthcare facilities and major lifestyle hubs.

The company added that the site offers quick access to business hubs such as Navratna Business Park and Pinnacle Business Park, as well as prominent landmarks like IIM Ahmedabad, Vastrapur Lake Garden and Nexus Ahmedabad One Mall, making it a highly desirable location for residential development.

Commenting on this development, Priyansh Kapoor, CEO and Whole Time Director, Arvind SmartSpaces said, “We are delighted to announce a premium residential apartments project after over a decade in West 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.” DeshGujarat