Arvind SmartSpaces Launches New Affordable Housing Project in Ahmedabad

 by Shrutee K/DNS

National: Arvind Smartspaces, India’s leading real estate development company and part of the Arvind Group of companies, today announced the launch of the first phase of its new affordable project in Ahmedabad called ‘Arvind Aavishkaar’. Located in the heart of the city, the launch also marks the creation of Arvind Smart City at Naroda Road, a hotspot of residential, commercial and retail projects developed by Arvind SmartSpaces. The development will consist of around 1200 units with a configuration of 2 BHK, with a carpet size of 475 to 650 square feet and prices starting from Rs. 20 lacs up to Rs.35 lacs. The 1.2 million sq. feet project will take place in two phases over the next 3 to 5 years.

Speaking on the launch of the new project in Ahmedabad Mr. Kamal Singal, CEO & MD, Arvind SmartSpaces said “We are pleased to announce the launch of ‘Arvind Aavishkaar’, our second affordable project in Ahmedabad. The project will supplement the vision of Arvind Ltd. & Arvind Smartspaces of developing a Smart City within Ahmedabad and enhance quality of life for our customers. Considering the government’s focus on affordable housing segment and the recently announced sops under Government’s housing for all initiative, this is the best time to launch this project and create supply in the market. This launch is in line with our strategy to create stakeholder value by steadily growing in key focused markets”. The residential housing project developed on the theme to ‘discover different shades of life’, Arvind Aavishkaar is a gated community and offers thoughtfully defined amenities. Arvind Aavishkaar is spread across 17,000 sq mtrs and equipped with modern facilities and unmatched amenities such as the Multipurpose court for sports, Splash Pool, Club House, Yoga room, Jogging Track, Part lawn, Outdoor and Indoor gym. Other essential facilities include 24x7 surveillance, Automatic lift etc.

About Arvind SmartSpaces:Built on 80 years old legacy of Arvind Ltd. and established in year 2009, Arvind Smartspaces (formerly Arvind Infrastructure Ltd.) is India’s leading real estate development company headquartered in Ahmedabad. With approximately 14 million square feet of real estate development across the country, the company is focused on delivering real estate solutions that add value to the lives of its customers and is fast emerging as a leading corporate real estate player in the country. The company has real estate developments across Ahmedabad, Gandhinagar, Bangalore and Pune. Backed by the strong brand name of Arvind group and the credibility achieved through already delivered projects, the company has aggressive plans to expand to other parts of the country.

About Arvind Limited: Arvind Limited is one of India's largest integrated textile and apparel company with a strong presence in branded garments. It is one of the largest manufacturers and exporters of textile products with a turnover of US$ 1.7 billion. Arvind has an unmatched portfolio of owned brands such as Flying Machine; as well as licensed product brands such as Arrow, GAP, Gant, Izod, Aeropostale, Nautica, US Polo Assn., to name a few. The portfolio also includes retail brands like Unlimited, The Arvind Store, The Children’s Place and Hanes.