Announced Mon, 15 Jun · 23:27 IST
New plotted development project in South Ahmedabad 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
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+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 has signed a new residential horizontal (plotted) development project on Kerala-Nalsarovar Road in South Ahmedabad via a Joint Development model. The project spans 58.25 acres with a saleable area of 2.5 mn sq. ft. and carries an estimated top-line potential of around Rs. 180 crore. Management cites South Ahmedabad as an emerging micro-market for plotted developments and weekend homes, supported by infrastructure growth.
Likely market impact
Adds a new project to the pipeline, supporting growth in the plotted/horizontal segment; positive for future revenue visibility.