Construction Company Adds New High-Rise Residential Project in Ahmedabad with Rs 400 Crore Potential

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Construction Company Adds New High-Rise Residential Project in Ahmedabad with Rs 400 Crore Potential

The stock price has given 5 per cent returns from 52-week low.

Construction-company-bags-new-order-worth-rs-1500000000-from-arvind-smartspaces-limited-id001-48875">Arvind SmartSpaces Limited (ASL) announced on November 28, 2025, that it has added a new premium residential high-rise project in Ahmedabad. The project is located in Vastrapur and has been acquired on an outright basis. Spread across 1.15 acres, the development offers an estimated saleable area of 3.6 lakh sq. ft. and carries a projected top-line potential of approximately Rs 400 crore. This project is ASL’s 24th development in Gujarat, reinforcing its presence in key growth markets.

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The addition is positioned as a strategic step in ASL’s expansion journey, strengthening its focus on premium residential offerings in high-potential locations. Vastrapur is known as an established premium residential micro market in West Ahmedabad, offering strong connectivity to major parts of the city. The site benefits from proximity to metro corridors, educational institutions, healthcare facilities, civic amenities, and lifestyle hubs. It also provides quick access to business centres such as Navratna Business Park and Pinnacle Business Park, along with prominent landmarks including IIM Ahmedabad, Vastrapur Lake Garden, and Nexus Ahmedabad One Mall.

Sharing his views on the development, Mr. Priyansh Kapoor, CEO and Whole Time Director of Arvind SmartSpaces, stated that the company’s diversification plans across horizontal and vertical formats in core geographies are progressing well. He highlighted that this marks the company’s return to launching premium residential apartments in West Ahmedabad after more than a decade. He added that optimism in the premium residential segment remains strong and expressed the company’s intent to add more projects across Gujarat, Bengaluru, and MMR during the rest of the year. References to USD values may apply where relevant for international comparisons.

The stock price has given 5 per cent returns from 52-week low.

Disclaimer: The article is for informational purposes only and not investment advice.