Sold more than 220 units, with a booking value of more than ₹160 Crore
Bengaluru, NFAPost: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies announced that it has sold out the entire inventory released for sale in the 1st phase of its residential plotted development project, Arvind Orchards in Devanahalli, Bengaluru, within 7 hours of launch. It consisted of more than 220 units valued at over Rs. 160 Crs. The project is housed under HDFC Platform 2.
Arvind Orchards is a one-of-its-kind orchard-themed plotted development nestled in Doddballapur Road, Devenahalli. This would be ASL’s second residential plotted township in Bengaluru with world-class infrastructure and amenities. Devanahalli is an established residential plotting micro-market near the Bengaluru International Airport and is home to major economic hubs such as Aerospace SEZ and KIADB IT Park. This location enjoys excellent infrastructure connectivity which will be further enhanced by the upcoming Metro.
Arvind SmartSpaces entered the Bengaluru market in 2013 and has to date added 11 projects across different micro-markets in the city.
Commenting on the successful launch, Mr. Kamal Singal, Managing Director and CEO, of Arvind SmartSpaces said, “We are delighted to have received an overwhelming response from the Bengaluru homebuyers once again. We have been able to create a strong presence in the Bengaluru market with a focus on designs that are inspired by the evolving preferences of our customers. Such strong responses to all our launches including Greatlands, Greatlands-2, Forest Trails and now Orchards exhibit the trust reposed by homebuyers in the legacy of the Arvind brand.”
About Arvind SmartSpaces:
Built on a ~120-year-old legacy of the Lalbhai Group, and established in the year 2008, Arvind SmartSpaces is India’s leading real estate development company headquartered in Ahmedabad. With approximately 75 million square feet of real estate development across the country, the company is focused on delivering real estate solutions that add value to the lives of its customers and is fast emerging as a leading corporate real estate player in the country. The company has real estate developments across Ahmedabad, Gandhinagar, Bangalore and Pune. Backed by the strong brand name of Arvind group and the credibility achieved through already delivered projects, the company has plans to continue the strong growth momentum and deliver value to all stakeholders.
