Arvind SmartSpaces Surges After Recording Rs 600 Crore Bookings at Kalyangadh Township
Arvind SmartSpaces, an Ahmedabad-based real estate developer, has recorded over Rs 600 crore in bookings for its largest township development, Arvind Aqua City, near Kalyangadh. This milestone underscores the company's focus on delivering premium lifestyl
Real EstateArvind SmartspacesKalyangadhBookingsTownshipReal Estate PuneOct 10, 2024
Located 30 km from Ahmedabad, near Kalyangadh on the Ahmedabad-Rajkot Highway, Arvind Aqua City offers a mix of plots and villas. The township is home to India's largest private man-made lake, covering 33 acres, and includes three man-made islands along with a range of other amenities.
Kamal Singal, the Managing Director and CEO of Arvind SmartSpaces, expressed excitement about this achievement 'We are thrilled to create yet another milestone in the Ahmedabad market. This landmark township, our biggest yet, reflects our strategic vision to create living spaces designed to inspire, offering unmatched lifestyle amenities and asset value creation. The market is ready for developments that go beyond traditional real estate, and we see immense potential for growth in this segment.'
Arvind SmartSpaces is a leading real estate development company with approximately 78 million square feet of development across India. The company is focused on delivering real estate solutions that add value to the lives of its customers and is rapidly emerging as a prominent corporate real estate player in the country. Arvind SmartSpaces has real estate developments in major cities such as Ahmedabad, Gandhinagar, Bangalore, and Pune.
Despite a consolidation of 63.7% to Rs 2.92 crore in Q1 FY25, compared to Rs 8.04 crore in Q1 FY24, the company's net sales stood at Rs 74.47 crore in Q1 FY25, marking an 11.4% year-on-year increase. This growth underscores the company's resilience and strategic focus on high-value projects like Arvind Aqua City.
For more information and updates, visit Arvind SmartSpaces' official website or connect with them on social media platforms.
Frequently Asked Questions
What is Arvind Aqua City?
Arvind Aqua City is the largest township development by Arvind SmartSpaces, located 30 km from Ahmedabad near Kalyangadh on the Ahmedabad-Rajkot Highway. It offers a mix of plots and villas and is home to India's largest private man-made lake, covering 33 acres.
How much has Arvind SmartSpaces booked at Arvind Aqua City?
Arvind SmartSpaces has recorded over Rs 600 crore in bookings at Arvind Aqua City, including Rs 93 crore from the selective pilot phase in Q1.
Who is Kamal Singal?
Kamal Singal is the Managing Director and CEO of Arvind SmartSpaces. He has been instrumental in the company's strategic vision and the development of landmark projects like Arvind Aqua City.
What cities does Arvind SmartSpaces have developments in?
Arvind SmartSpaces has real estate developments in major Indian cities including Ahmedabad, Gandhinagar, Bangalore, and Pune.
What was Arvind SmartSpaces' financial performance in Q1 FY25?
In Q1 FY25, Arvind SmartSpaces reported a 63.7% decline in consolidated profit to Rs 2.92 crore compared to Rs 8.04 crore in Q1 FY24. However, net sales increased by 11.4% to Rs 74.47 crore.
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