Arvind SmartSpaces Limited (ASL) saw its shares rise more than 2% today after the company announced the acquisition of a new residential high-rise project in Vastrapur, Ahmedabad. The development, which comes with an estimated saleable area of about 3.6 lakh sq. ft., carries a top-line potential of nearly ₹400 crore. ASL has secured the project on an outright basis, strengthening its land portfolio in one of Gujarat’s most sought-after real estate markets.
The company described this acquisition as an important step in its ongoing expansion strategy. It marks ASL’s 24th project in Gujarat and adds further momentum to its focus on premium residential offerings in established urban locations. The management highlighted that this project aligns with its long-term plan of scaling high-quality developments in high-potential corridors.
Vastrapur has long been recognised as a premium residential micro-market in West Ahmedabad. The location benefits from strong social and civic infrastructure and offers excellent connectivity to key parts of the city. The area’s proximity to metro routes, reputed educational institutes, major healthcare centres and established lifestyle hubs makes it a preferred choice for homebuyers seeking an upgraded urban living experience.
Residents in the micro-market enjoy quick access to important business centres such as Navratna Business Park and Pinnacle Business Park. Popular landmarks including IIM Ahmedabad, Vastrapur Lake Garden and Nexus Ahmedabad One Mall also contribute to the neighbourhood’s appeal, further supporting the long-term demand outlook for quality residential projects.
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