Arvind SmartSpaces Launches New Premium Residential High-Rise in Ahmedabad With ₹400 Crore Revenue Potential.

Arvind SmartSpaces Limited (ASL), part of the Lalbhai group, has acquired a new premium residential high-rise project in Vastrapur, Ahmedabad, with a total estimated saleable area of around 3.6 lakh sq. ft. and a top-line potential of approximately ₹400 crore. The project has been acquired outright, marking a strategic addition to ASL’s portfolio and reinforcing its focus on premium residential developments in high-potential markets.

This will be ASL’s 24th project in Gujarat. Vastrapur is one of West Ahmedabad’s most established premium residential micro-markets, offering well-developed social and civic infrastructure, excellent connectivity, proximity to metro corridors, educational institutions, healthcare facilities, and lifestyle hubs. The location also provides easy access to business centers like Navratna and Pinnacle Business Parks, as well as popular destinations such as IIM Ahmedabad, Vastrapur Lake Garden, and Nexus Ahmedabad One Mall, making it highly attractive for residential development.

Commenting on the acquisition, Priyansh Kapoor, CEO and Whole-Time Director of Arvind SmartSpaces, said, “Our diversification initiatives across horizontal and vertical developments in our core geographies are progressing well. We are delighted to announce a premium residential apartments project after over a decade in West Ahmedabad. Vastrapur is one of Ahmedabad's most promising micro-markets for premium residential apartments, and this acquisition will strengthen our presence in the region.

The optimism in the premium residential market remains strong, and we look forward to launching new projects across Gujarat, Bengaluru, and the Mumbai Metropolitan Region during the remainder of the year.”