Arvind SmartSpaces plans to invest Rs. 250 Crores in 2019

Mumbai News

In 2019, the Arvind SmartSpaces, the realty company of Fashion and Apparel brand Arvind plans to make an investment of Rs. 250 crores across India.  According to this investment plan, the company will acquire and develop new projects in Pan-India location.

Kamal Singal, the CEO of Arvind SmartSpaces said that our research is on as we are exploring markets like Hyderabad and other cities while analyzing opportunities in these cities.

He also said that in the coming months we will launch the project that is currently in pipeline and we expect huge growth and amazing results of the same. CEO further said that in next month i.e. February we will launch a residential project in Pune. Apart from this, the Arvind SmartSpaces will venture into the commercial market with their first commercial project launch scheduled in Bengaluru. This project will be launched in the next quarter of the present year.

While talking about the residential project launch in Pune, the officials shared the information that this project is named as ‘Arvind Elan’ and it will cover 2 acres of land out of which 1.5 lakh sq.ft. area can be developed. This project will be completed in three years time.

This residential project will be the debut project of Arvind SmartSpaces in Maharashtra and the company has also planned a commercial project that will cover 2.5 lakh sq. ft. space.

On the hand, Uplands One is the ultra-luxury project of the company and is located in Ahmedabad. The new phase of this project is soon to commence as the company is receiving a huge demand for this project in the market.