Arvind SmartSpaces Enters Mumbai Real Estate Market with Rs. 1,500 Crore Horizontal Township Project
Arvind SmartSpaces Ltd., a leading real estate development company, has signed an agreement for a large horizontal multiuse project in Mumbai Metropolitan Region (MMR) with a total estimated area of ~92 acre and a top-line potential of ~Rs. 1,500 crore. This project is located near Khopoli, Mumbai 3.0 and is the company’s first project in the MMR region. The project is signed under the joint development model, enabling low capital intensity and higher returns. The project is envisaged to be the first large-scale horizontal project in the vicinity with amenities likely to include a golf course and a large clubhouse. This acquisition increases the cumulative new business development topline potential to ~Rs. 2,500 Cr for the current year to date.
Key Highlights
- Arvind SmartSpaces enters Mumbai Metropolitan Region with a Rs. 1,500 crore horizontal township project
- The project is located near Khopoli, Mumbai 3.0 and is the company’s first project in the MMR region
- The project is signed under the joint development model, enabling low capital intensity and higher returns
- The project is envisaged to be the first large-scale horizontal project in the vicinity with amenities like a golf course and a large clubhouse
- This acquisition increases the cumulative new business development topline potential to ~Rs. 2,500 Cr for the current year to date