Arvind Smartspaces, part of the Arvind Group of companies, very recently announced the launch of the first phase of its new affordable project in Ahmedabad called ‘Arvind Aavishkaar’.
The launch 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.
Kamal Singal, CEO & MD, Arvind SmartSpaces said ‘Arvind Aavishkaar’ is our second affordable project in Ahmedabad. The project will supplement the vision of Arvind Ltd. and 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.