Arvind SmartSpaces Ltd (ASL) has announced its entry into the Vadodara residential market with a ₹700 crore horizontal development project located on Ajwa Road. This marks the company’s 23rd project in Gujarat, reinforcing its strategic focus on expanding into high-potential urban markets.
Project Overview
- Project Type: Horizontal Residential Development
- Location: Ajwa Road, Vadodara
- Estimated Value: ₹700 crore
- Development Model: Joint Development
- Market Positioning: Premium living with strong connectivity and natural surroundings
Strategic Expansion
The Vadodara project underscores ASL’s intent to strengthen its footprint in Gujarat and capitalize on the region’s growing housing demand. The company continues to focus on expanding its presence across Gujarat, Bengaluru, and the Mumbai Metropolitan Region (MMR) as part of its ongoing growth strategy.
Leadership Commentary
Priyansh Kapoor, CEO and Whole-Time Director of Arvind SmartSpaces, said:
“We are delighted to expand into a new city and enter the vibrant and emerging residential market of Vadodara. The optimism in the real estate market remains strong, and we look forward to adding new projects across Gujarat, Bengaluru, and MMR during the remainder of the year.”
Company Snapshot
Founded in 2008, Arvind SmartSpaces — part of the 120-year-old Lalbhai Group — has developed around 108 million sq. ft. of real estate across major Indian cities, including Ahmedabad, Gandhinagar, Bengaluru, MMR, and Pune. The company is recognized for its smart design philosophy and sustainable development approach.
Outlook
The foray into Vadodara represents a key step in ASL’s broader strategy to capture emerging growth corridors in western India. The project’s premium positioning and scale are expected to further enhance the company’s brand visibility and growth trajectory in the residential real estate segment.
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