This S&P BSE Smallcap Stock jumped 2% in the last hour after the company announced Rs. 300 crore in Sales made in just 3 days. This stock has a market cap of Rs. 1,618 crore and is trading at Rs. 357.00 versus Rs. 354.45 at closing on Tuesday.
The stock trades 14.9% away from its 52 week high and 2.3%, 13.3% respectively above its 20 day and 200 day moving averages. The stock is currently seeing volumes that have well exceeded yesterday’s as well as the weekly and monthly average volumes.
Arvind Smartspaces Ltd (“Arvind”) announced in a filing dated 27th September 2023 that it pre-launched Arvind Uplands 2.0, a golf themed plotted development, located at Adroda, South Ahmedabad, selling out the entire 1st phase inventory of about 4 mn sq ft with a booking value of over Rs. 300 crore in just 3 days.
This recently pre-launched project, which spans roughly 100 acres and offers top-notch infrastructure, is a part of a recent joint development project. The Arvind Uplands 2.0 customers will also receive a membership to the Monogram Resort – Uplands 2.0 Adroda, which offers a variety of amenities, including a golf course and a variety of cutting-edge lifestyle amenities.
One of Ahmedabad’s most promising micro markets for weekend homes and planned developments is South Ahmedabad. The area is well connected to other areas of the city and is located close to several industrial hubs, including GIDC and Changodar.
Commenting on successful pre-launch, Mr. Kamal Singal, Managing Director and CEO, Arvind Smartspaces commented, “We are thrilled to have created a new benchmark of sales and execution in the Ahmedabad real estate market. The Ahmedabad homebuyers continue to appreciate the distinct, designed to inspire spaces created by the Company. The overwhelming success of Arvind Uplands 2.0 is yet another validation of the equity and trust enjoyed by brand ‘Arvind’. The real estate market remains buoyant and we look forward to launching several exciting projects across Ahmedabad, Bangalore, Pune and MMR in the coming quarters.”
Arvind Smartspaces is one of India’s top real estate development companies with its headquarters in Ahmedabad, was founded in 2008 and is based on the 120-year Lalbhai Group legacy. The company has real estate projects in Bangalore, Pune, Gandhinagar, Bangalore, and other cities. With roughly 60 million square feet of real estate development across the nation, the company is an emerging corporate real estate player in the nation.
Written by Sandeep
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