Announced Mon, 15 Jun · 23:43 IST
Arvind SmartSpaces adds new Ahmedabad project with ~Rs. 180 cr top-line potential
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ARVSMART · price
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Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹593.00
prior close
₹622.80
base price
After-mkt
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+4.3+3.0+4.8+2.4+3.4+2.3+3.3+3.2+2.0+2.2+0.5+1.3——
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AI summary
Arvind SmartSpaces announced a new joint development residential plotted project on Kerala-Nalsarovar Road in South Ahmedabad. The project spans 58.25 acres with 2.5 million sq ft saleable area and an estimated top-line potential of ~Rs. 180 crore. Management highlighted South Ahmedabad as a high-growth micro-market for plotted developments and weekend homes, supported by improving infrastructure connectivity and rising demand.
Likely market impact
Adds ~Rs. 180 cr to revenue pipeline via JDA model with limited capital outlay; reinforces plotted development focus. Likely modest positive stock impact.