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Arvind SmartSpaces Ltd. ( (IN:ARVSMART) ) has provided an announcement.
Arvind SmartSpaces Limited has announced the acquisition of a new premium residential high-rise project in Vastrapur, Ahmedabad, with an estimated saleable area of 3.6 lakh sq. ft. and a top-line potential of approximately Rs. 400 crore. This strategic acquisition marks the company’s 24th project in Gujarat and reinforces its commitment to expanding its presence in high-potential markets, particularly in the premium residential sector. The project benefits from Vastrapur’s well-developed infrastructure and connectivity, making it a desirable location for residential development. The company’s CEO, Priyansh Kapoor, highlighted the ongoing diversification efforts and optimism in the premium residential market, with plans to expand further in Gujarat, Bengaluru, and MMR.
More about Arvind SmartSpaces Ltd.
Arvind SmartSpaces Limited, part of the Lalbhai Group, is a leading real estate development company in India, established in 2008 and headquartered in Ahmedabad. The company focuses on delivering value-added real estate solutions across major cities like Ahmedabad, Gandhinagar, Bengaluru, MMR, and Pune, with a strong brand reputation built on a legacy of over 128 years.
Average Trading Volume: 2,745
Technical Sentiment Signal: Hold
Current Market Cap: 26.42B INR
Learn more about ARVSMART stock on TipRanks’ Stock Analysis page.