Arvind SmartSpaces Limited announced that it has signed a new plotted development project in Ahmedabad, with a total estimated area of 40 acre and a top-line potential of INR 2,500 million. This project is located in Lakshmanpura, Ahmedabad and would be ASL's 20th in Gujarat. The project is acquired on an outright basis.

This is the 3rd project addition in West Ahmedabad and highlights the Company's efforts towards further strengthening its presence in this high potential micro market. West 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 Ahmedabad with close proximity to the various business hubs such as Shilaj, SindhuBhavan Road and SP Ring Road.

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