Arvind SmartSpaces to jointly develop industrial park in Ahemdabad, eyes potential worth Rs 1,350 crore
Real estate firm Arvind SmartSpaces has signed an agreement to jointly develop an industrial park spread over around 440 acres in Ahmedabad with a total top-line potential of Rs 1,350 crore. The project would be developed on a land parcel located on NH47, Bavla-Bagodara Road.
Under the joint development agreement, there would be a 70.5% revenue share for the developer. As per the firm, they are looking to add projects across target markets of Mumbai Metropolitan Region (MMR), Bengaluru, and Ahmedabad in the next few quarters.
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