Arvind SmartSpaces Limited (ASL), a leading real estate developer, announced its foray into the Mumbai Metropolitan Region (MMR) with a significant horizontal township project valued at approximately ₹1,500 crore. This 92-acre development near Khopoli, Mumbai 3.0, marks the company’s first venture into the MMR real estate market.
Key Highlights:
- Project Location: Near Khopoli, Mumbai 3.0.
- Development Model: Joint development (70.5% revenue share), ensuring low capital intensity and high returns.
- Infrastructure Drivers: Proximity to transformative projects like Atal Setu, Navi Mumbai International Airport, and the Virar-Alibaug Multimodal Corridor.
- Amenities: Proposed facilities include a golf course, a large clubhouse, and expansive green landscapes, catering to smart, secure, and luxurious living.
Strategic Significance:
This project reinforces Arvind SmartSpaces’ geographic diversification strategy across Gujarat, Karnataka, and Maharashtra, aligning with its commitment to design, quality, and value creation. The development adds to the company’s cumulative topline potential of ₹2,500 crore for the current year.
Arvind SmartSpaces aims to further expand its presence in the MMR, Ahmedabad, and Bengaluru markets, contributing to its robust growth trajectory.
Disclaimer: The information provided is based on a media release from Arvind SmartSpaces Limited.
