Arvind Smartspaces to jointly develop a residential project in Bengaluru, ET Real Estate

Arvind Smartspaces to jointly develop a residential project in Bengaluru, ET Real Estate


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New Delhi: Arvind Smartspace (ASL), part of Lalbhai Grouphas entered joint development agreement for one housing project Together ITPL Road, Bengaluru,

The total estimated salable area of ​​the project is 4.2 lakh sq ft and top-line potential of Rs 600 crore.

Kamal Singal, managing director and CEO of the company, said, “With this project, our cumulative new business development topline potential for the year is Rs 1,010 crore. Optimism in the real estate market remains strong and we are on a good track.” “Conclude our ongoing business plan to add new projects in Ahmedabad, Bengaluru and MMR.”

This addition follows the acquisition of the high rise project at Bannerghatta signed in FY24.

  • Published on October 9, 2024 at 05:00 PM IST

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