Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Arvind SmartSpaces Limited (ASL) has signed a joint development agreement for a residential plotted development project on the Kerala-Nalsarovar Road corridor in South Ahmedabad. Spread across 58.25 acres, the project will offer a saleable area of approximately 2.5 million sq ft and has an estimated revenue potential of around INR 180 crore. The acquisition strengthens the company’s presence in Ahmedabad’s horizontal housing market, where demand for plotted developments and second-home projects has been rising. The project aligns with ASL’s asset-light growth strategy and expands its portfolio in a micro-market benefiting from improving infrastructure connectivity and increasing residential interest.
Arvind SmartSpaces Limited (ASL) has expanded its Gujarat portfolio through the addition of a residential plotted development project in South Ahmedabad, with an estimated revenue potential of approximately INR 180 crore. The company announced that it has entered into a joint development agreement for the project, reinforcing its focus on plotted and villa developments in high-growth residential markets.
Located on the Kerala-Nalsarovar Road corridor, the project spans 58.25 acres and will be developed as a horizontal residential community. The scheme has a planned saleable area of approximately 2.5 million sq ft and is expected to cater to growing demand for plotted housing in the southern part of Ahmedabad.
The acquisition strengthens ASL’s presence in Ahmedabad, a market where the developer has established a portfolio across residential, plotted and villa developments. The company is pursuing the project through a joint development structure, in line with its strategy of expanding through asset-light models while maintaining capital efficiency.
South Ahmedabad has emerged as a growing residential micro-market in recent years, particularly for plotted developments, villa communities and weekend-home projects. The corridor has witnessed increasing interest from both developers and homebuyers, supported by infrastructure improvements and better connectivity to key parts of Ahmedabad and neighbouring regions.
Industry demand for plotted developments has remained strong as buyers increasingly seek larger residential formats, greater flexibility in home design and long-term land ownership opportunities. This trend has encouraged developers to expand into emerging suburban corridors where land availability and future infrastructure upgrades support residential growth.
Commenting on the latest acquisition, Priyansh Kapoor, Managing Director and Chief Executive Officer of Arvind SmartSpaces, stated that the company was pleased to add a residential plotted development project in South Ahmedabad, which it views as a high-potential growth market.
He noted that Ahmedabad continues to offer attractive opportunities in the horizontal real estate segment, driven by ongoing infrastructure development and sustained demand for plotted residential products. Kapoor added that the company has established a strong track record in the plotted and villa development categories and intends to build on this experience as it expands its presence in similar markets.
The project forms part of ASL’s broader growth strategy, which focuses on expanding its development pipeline through partnerships and joint development agreements while targeting residential segments that continue to witness healthy buyer demand.
With a saleable area of approximately 2.5 million sq ft, the South Ahmedabad project represents a significant addition to the company’s development portfolio. The estimated top-line potential of around INR 180 crore is expected to contribute to future revenue generation while strengthening ASL’s position in Ahmedabad’s plotted housing market.
The latest addition reflects the continued momentum in plotted residential developments across India, where infrastructure-led growth and evolving homebuyer preferences are driving demand in emerging suburban and peripheral locations.
Advertisement
Facebook
Whatsapp
