Arvind SmartSpaces pre-launched Arvind Uplands 2.0, Adroda and achieved sales of over Rs. 300 Cr in just 3 days

Arvind Smartspaces Limited (ASL), one of India's leading real estate developers, part of the Lalbhai group, today announced that it has pre-launched Arvind Uplands 2.0 in Adroda, a golf themed plotted development in Bavla, South Ahmedabad. The first phase of this project with a saleable area of about 4 million sq. ft. amounting to a booking value of over Rs. 300 Crore was sold in just three days.

This newly pre-launched project is a part of the recent joint development project, spread over approximately 100 acres offering world class infrastructure. The customers of Arvind Uplands 2.0 will also get a membership of Monogram Resort - Uplands 2.0 Adroda offering various amenities including a golf course and a bouquet of the state-of-the-art lifestyle amenities.

South Ahmedabad has emerged as one of the most promising micro-markets for plotted development /weekend homes in Ahmedabad. The area has a well-developed connectivity with various parts of the city with close proximity to the various Industrial hubs such as Changodar, GIDC etc.

Commenting on successful pre-launch, Mr. Kamal Singal, Managing Director and CEO, Arvind Smartspaces commented, "We are thrilled to have created a new benchmark of sales and execution in the Ahmedabad real estate market. The Ahmedabad homebuyers continue to appreciate the distinct, designed to inspire spaces created by the Company. The overwhelming success of Arvind Uplands 2.0 is yet another validation of the equity and trust enjoyed by brand 'Arvind'. The real estate market remains buoyant and we look forward to launching several exciting projects across Ahmedabad, Bangalore, Pune and MMR in the coming quarters."

Shares of Arvind SmartSpaces Limited was last trading in BSE at Rs. 354.45 as compared to the previous close of Rs. 353.90. The total number of shares traded during the day was 4984 in over 201 trades.

The stock hit an intraday high of Rs. 360.00 and intraday low of 349.10. The net turnover during the day was Rs. 1764376.00.

Source : Equity Bulls

Keywords

ArvindSmartSpaces INE034S01021 PreLaunchedProject ArvindUplands2 Adroda GolfTheme PlottedDevelopment Bavla SouthAhmedabad