Arvind SmartSpaces Signs 2 Joint Development Deals in Ahmedabad for Township

Arvind SmartSpaces Signs 2 Joint Development Deals in Ahmedabad for Township

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12 month(s) ago

Arvind SmartSpaces Signs Deals for Massive Township Projects in Ahmedabad. Real estate developer Arvind SmartSpaces Ltd. has announced two major joint development agreements (JDAs) for township projects in Ahmedabad. Arvind SmartSpaces Signs 2 Joint Development Deals in Ahmedabad for Township Projects with total land size of 704 acres.

Project Highlights:

  • Land Area: 704 acres (total)
  • Project Type: Multi-use (plots, villas) with a golf theme
  • Estimated Sales Revenue: Rs 2,300 crore
  • Development Model: Joint development for lower capital investment and higher returns
  • Number of Projects: 2

Project Details:

  • Specific locations and landowner names are not yet disclosed.
  • These projects add to Arvind SmartSpaces’ existing portfolio of 18 projects in Ahmedabad, with 8 completed and 10 under development.
  • The first project spans 500 acres with a revenue potential of Rs 1,450 crore and has Arvind SmartSpaces holding a 50% economic interest.

Significance:

  • These JDAs mark a significant expansion for Arvind SmartSpaces in Ahmedabad.
  • The large-scale projects with a golf theme cater to a growing demand for premium residential developments.
  • The joint development model allows Arvind SmartSpaces to manage costs while maximizing potential returns.

This news indicates Arvind SmartSpaces’ bullish outlook on Ahmedabad’s real estate market and its focus on developing high-end residential projects.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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