Arvind SmartSpaces Limited (ASL), part of the Lalbhai group, has recently informed exchanges that the company has signed a new residential apartment project in Bengaluru. The project has an estimated saleable area of ~4.2 lakh sq. ft. and a top-line potential of ~Rs. 600 Cr.
This project is situated on ITPL Road, near Whitefield in Bengaluru. The project is being carried out in joint development basis.
In the exchange filing, the company also shared, “The site benefits from well-developed social and civic infrastructure, including prominent schools, hospitals, retail, residential, and commercial spaces in close proximity. Additionally, the area offers quick access to popular hotspots such as the Phoenix Marketcity, Forum Shantiniketan, Inorbit Mall, and the Whitefield Railway Station, making it a highly desirable location for residential development.”
