Arvind SmartSpaces launches new affordable housing project in the heart of Ahmedabad
Arvind Smartspaces, India’s leading real estate development company and part of the Arvind Group of companies, today announced the launch of the first phase of its new affordable project in Ahmedabad called ‘Arvind Aavishkaar’. Located in the heart of the city, the launch also marks the creation of Arvind Smart City at Naroda Road, a hotspot of residential, commercial and retail projects developed by Arvind SmartSpaces. The development will consist of around 1200 units with a configuration of 2 BHK, with a carpet size of 475 to 650 square feet and prices starting from Rs. 20 lacs up to Rs.35 lacs. The 1.2 million sq. feet project will take place in two phases over the next 3 to 5 years.
Speaking on the launch of the new project in Ahmedabad Kamal Singal, CEO & MD, Arvind SmartSpaces said “We are pleased to announce the launch of ‘Arvind Aavishkaar’, our second affordable project in Ahmedabad. The project will supplement the vision of Arvind Ltd. & Arvind Smartspaces of developing a Smart City within Ahmedabad and enhance quality of life for our customers. Considering the government’s focus on affordable housing segment and the recently announced sops under Government’s housing for all initiative, this is the best time to launch this project and create supply in the market. This launch is in line with our strategy to create stakeholder value by steadily growing in key focused markets”.
The residential housing project developed on the theme to ‘discover different shades of life’, Arvind Aavishkaar is a gated community and offers thoughtfully defined amenities. Arvind Aavishkaar is spread across 17,000 sq mtrs and equipped with modern facilities and unmatched amenities such as the Multipurpose court for sports, Splash Pool, Club House, Yoga room, Jogging Track, Part lawn, Outdoor and Indoor gym. Other essential facilities include 24×7 surveillance, Automatic lift etc.