- Vastrapur Project Carries ~₹400 Cr Top-Line Potential
- 6 Lakh Sq Ft Saleable Area on 1.15-Acre Outright Acquisition
- Developer Marks Its 24th Project in Gujarat, Reinforcing Premium Housing Push
NE INFRASTRUCTURE BUREAU
AHMEDABAD, DEC 1
Arvind SmartSpaces Limited (ASL), one of India’s leading real estate developers and part of the Lalbhai Group, has strengthened its presence in West Ahmedabad with the acquisition of a premium residential high-rise project in Vastrapur. The outright purchase comes with a saleable area of ~3.6 lakh sq ft and an estimated top-line potential of ~₹400 crore, reinforcing the company’s strategy of scaling across high-demand urban markets.
This marks ASL’s 24th project in Gujarat, further establishing its footprint in one of the state’s most coveted residential micro-markets. Vastrapur, known for its strong social fabric and robust urban infrastructure, offers excellent connectivity to key city zones, metro corridors, educational institutions, healthcare centres, and lifestyle destinations. With its proximity to landmarks such as IIM Ahmedabad, Vastrapur Lake Garden, Nexus Ahmedabad One Mall, and business hubs like Navratna Business Park and Pinnacle Business Park, the location stands out as a prime catchment for discerning homebuyers.
Commenting on the acquisition, 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 the city’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.”
