Arvind SmartSpaces adds two new horizontal township projects in Ahmedabad
August 01, 2023
Ahmedabad: Arvind SmartSpaces Limited (ASL) today in a note circulated in the media, announced that it has signed two large horizontal (plots and Villas) multiuse, golf-themed development projects in Ahmedabad, with a total estimated area of ~704 acres and a top-line potential of ~Rs. 2,300 crore. These projects are located in South Ahmedabad near industrial areas of Changodar, GIDC etc and would be ASL’s 17th and 18th projects in Ahmedabad. Both projects are signed under the joint development model. Arvind SmartSpaces with these has added 18 projects across the Ahmedabad region with 8 projects having already been delivered and 10 in various stages of development, according to a note released to media by the company.
Project Details:
| Project | ASL economic interest | Area in acre | Area in msf | Revenue Potential in Rs. crore |
| Project 1 | 50% Revenue share | ~500 | ~20.0 | ~1,450 |
| Project 2 | 55% Revenue share | ~204 | ~8.8 | ~850 |
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