Arvind SmartSpaces Signs Joint Venture Deal in Surat, Gujarat for Township Project

Arvind SmartSpaces Signs Joint Venture Deal in Surat, Gujarat for Township Project

Arvind SmartSpaces Announces ₹1,100 Crore Golf-Themed Township Project in Surat. Arvind SmartSpaces Ltd (ASL), a leading Indian real estate developer, has announced a new multi-use township project in Surat, Gujarat. This Project by Arvind SmartSpaces is executed in a Joint Venture Deal in Surat, Gujarat for a Township Project

Project Highlights:

• Project Type: Golf-themed township
• Location: North Surat along NH 48
• Land Area: Approximately 300 acres
• Estimated Investment: ₹1,100 crore
• Development Model: Joint development with 55% revenue share for ASL
• Unique Features:
  • First large-scale plotting project with a golf course in Surat
  • Large clubhouse
  • Orchards with mature trees
  • Private lake

Strategic Significance:

• ASL’s 19th project in Gujarat
• Expands ASL’s presence to five cities in India
• Enhances company’s topline potential by approximately ₹3,900 crore

Management Quote:

• Kamal Singal, Managing Director and CEO, Arvind SmartSpaces:
  • “We are confident of the large opportunity the Surat market presents and look forward to expanding our presence there.”

Overall, this project marks ASL’s significant investment in Surat’s real estate market. The township’s unique features and proximity to industrial cities are expected to attract considerable interest.

 

 

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