Arvind SmartSpaces adds a new premium residential high-rise project in Ahmedabad

Ahmedabad, Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies, part of the Lalbhai group, today announced that it has acquired a new residential high-rise project in Vastrapur, Ahmedabad with a total estimated saleable area of ~3.6 lakh sq. ft. and a top-line potential of ~Rs. 400 crore. The project is acquired on an outright basis.

This strategic addition marks a significant milestone in ASL’s growth journey and reinforces its commitment to delivering premium residential high-rise projects in high-potential markets.

This would be ASL’s 24th project in Gujarat. Vastrapur is one of the most established premium residential micro markets in West Ahmedabad. The site benefits from well-developed social and civic infrastructure, offers excellent connectivity to major parts of the city, proximity to metro corridors, educational institutions, healthcare facilities, and vibrant lifestyle hubs.

The area offers quick access to business hubs like Navratna Business Park and Pinnacle Business Park, as well as popular hotspots such as the IIM Ahmedabad, Vastrapur Lake Garden and Nexus Ahmedabad One Mall, making it a highly desirable location for residential development.

Commenting on this development, Mr. Priyansh Kapoor, CEO and Whole Time Director, Arvind SmartSpaces said: “Our diversification initiatives addressing both horizontal and vertical developments across our core geographies are progressing well. We are delighted to announce a premium residential apartments project after over a decade in Ahmedabad. Vastrapur is one of Ahmedabad’s most promising micro-markets for premium residential apartments, and this acquisition will expand the company’s presence in West Ahmedabad.

The optimism in the premium residential market remains strong and we look forward to adding new projects across Gujarat, Bengaluru and MMR during the remainder of the year.”