New Launch9 Oct 2024, 02:39 pm
Arvind SmartSpaces Announces New High-Rise Project in Bengaluru with Rs. 600 Cr Potential
AI Summary
Arvind SmartSpaces Ltd, a leading real estate development company, has announced a new residential apartment project in Bengaluru. The project, spread across 2.9 acres, has a saleable area of 4.2 lakh sq. ft and a top-line potential of approximately Rs. 600 Cr. The project is located on ITPL road, near Whitefield, and is undertaken on a joint development basis. This is the 12th overall and 8th high-rise project in Bangalore for Arvind SmartSpaces.
Key Highlights
- Arvind SmartSpaces has signed a new residential apartment project in Bengaluru with a total estimated saleable area of ~4.2 lakh sq. ft and a top-line potential of ~Rs. 600 Cr.
- The project is located on ITPL road, near Whitefield, and is undertaken on joint development basis.
- The site benefits from well-developed social and civic infrastructure, including prominent schools, hospitals, retail, residential, and commercial spaces in close proximity.
- The area offers quick access to popular hotspots such as the Phoenix Marketcity, Forum Shantiniketan, Inorbit Mall, and the Whitefield Railway Station.
- With this project addition, Arvind SmartSpaces' cumulative new business development topline potential for the year stands at ~Rs. 1,010 crore.