Ahmedabad, Gujarat – Arvind SmartSpaces a leading real estate development firm, has announced its latest strategic venture – a mega industrial park spanning 440 acres on NH47, Bavla-Bagodara Road. The project which follows a joint development model, is expected to generate potential revenue of Rs 1,350 crore with Arvind SmartSpaces holding a 70.5% revenue share.
A Game-Changer for Gujarat’s Industrial Landscape
The upcoming industrial park is poised to be one of Gujarat’s largest, designed to provide an end-to-end ecosystem that fosters industrial growth. The infrastructure will include a common effluent treatment plant (CETP), Zero Liquid Discharge (ZLD) systems, labor and executive housing, logistics zones, weight bridges, and other essential facilities to support industrial operations efficiently.
Kamal Singal, Managing Director and CEO of Arvind SmartSpaces expressed his enthusiasm about the project stating, “We are excited to diversify our horizontal product mix in Ahmedabad and introduce this large-scale industrial park to our portfolio. This project significantly strengthens our presence in the region and with approximately 77 million square feet of developments in Ahmedabad, we are well-positioned to meet the growing demand for industrial infrastructure.”
Expanding Business Horizons
Arvind SmartSpaces continues to expand its reach across key markets including Mumbai Metropolitan Region (MMR) Bengaluru, and Ahmedabad. The company’s business development efforts have been robust with new projects contributing to a cumulative potential revenue of over Rs 3,850 crore in the current fiscal year.
With approximately 78 million square feet of real estate development nationwide Arvind SmartSpaces is fast emerging as a dominant corporate player in India’s real estate sector. The company has a significant presence in Ahmedabad, Gandhinagar, Bengaluru, and Pune, with developments spanning residential, commercial, and industrial segments.
Strong Financial Performance
The company’s consolidated net profit surged to Rs 40.69 crore in the quarter ended September 2024, a remarkable increase from Rs 8.64 crore in the same quarter of the previous year. Sales also witnessed exponential growth, rising by 265.46% to Rs 265.58 crore in Q2 FY25 compared to Q2 FY24.
Market Reaction
Despite the positive developments Arvind SmartSpaces’ stock declined by 3.58%, closing at Rs 679.65 on Monday, January 27, 2025. However, industry analysts remain optimistic about the company’s long-term growth trajectory, considering its strategic expansion plans and strong financial performance.
Conclusion
With the launch of this mega industrial park, Arvind SmartSpaces is set to play a pivotal role in Gujarat’s industrial growth story. The project not only supports the government’s ‘Make in India’ initiative but also provides businesses with a world-class infrastructure that meets modern industrial demands. As the company continues to expand its footprint, stakeholders can anticipate sustained growth and value creation in the coming years.