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YUGEN REALTY, SURAT
Arvind SmartSpaces will introduce new projects in Gujarat’s real estate sector with an investment worth Rs. 2500 crore. Currently, the infrastructure sector is thriving across the country and experiencing rapid growth. Specifically in Gujarat, projects like BRTS, Metro Rail, and Bullet Train are progressing swiftly in key cities. Road construction and new TP (Town Planning) schemes are also underway, sparking enthusiasm in the real estate sector. In this context, Arvind SmartSpaces Ltd. (ASL) has shown significant business growth in Gujarat over recent years, driven by new and operational projects in Ahmedabad. The company has reported a 38 percent increase in bookings over the past five years, ending FY2024. Currently, ASL has over a thousand acres under development in Ahmedabad, amounting to 68.8 million square feet in Gujarat’s portfolio. As part of its Gujarat expansion strategy, Arvind SmartSpaces is focusing on strategic investments in Ahmedabad and Surat. Out of the planned Rs. 2500 crore new launches for FY 2025, Rs. 1500 crore will be invested in Ahmedabad and Surat. From a business development pipeline of Rs. 5500 crore, the company anticipates generating between Rs. 1200 to 1500 crore from Gujarat alone in 2025. In addition to Ahmedabad, 13 million square feet (MSF) is allocated for Surat, while the remaining 47.2 MSF is planned overall. Currently, 23.4 MSF is in progress, with 3.2 MSF already completed. In FY 2024, the investment in Ahmedabad increased from Rs. 340 crore to Rs. 690 crore.
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Disclaimer : This information has been collected through secondary research and Yugen Realty Newspaper is not responsible for any errors in the same.
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