Arvind SmartSpaces Limited (ASL), a prominent real estate development company in India, has announced a new residential plotted development project in Ahmedabad. Spanning approximately 150 acres, the project holds a top-line potential of Rs. 600 crore. Situated on the Sanand-Nalsarovar road, the acquisition was made on an outright basis, marking a significant milestone in ASL’s expansion strategy.
This strategically located project is just 15 km from Sanand and 30 km from the Nalsarovar Lake, renowned for its proximity to the Nalsarovar Bird Sanctuary. The region is expected to experience substantial growth, balancing ecological preservation with modern infrastructure development. With enhanced connectivity and close proximity to industrial hubs, the area is poised to witness rising demand for horizontal real estate.
Commenting on the project, Kamal Singal, Managing Director and CEO of Arvind SmartSpaces, stated, “We are happy to announce this acquisition in the high-potential Sanand-Nalsarovar market. Ahmedabad continues to provide compelling growth opportunities, driven by strong infrastructure development and a thriving industrial ecosystem. With this project, our year-to-date (YTD) project addition value now stands at ₹4,450 crore, marking our biggest business development year so far.”
