Cargo Breaking News
Arvind SmartSpaces (ASL) has signed an agreement for a large industrial park in Ahmedabad, with a total estimated area of 440 acre and a top-line potential of Rs. 1350Cr. This mega project is located on NH47, Bavla-Bagodara road, which is signed under joint development model (70.5per cent revenue share). It is located at a tri-junction that connects the project to Saurashtra region, Vadodara, Ahmedabad and key ports like Kandla, Mundra and Pipavav. The project is also located close to Dedicated Freight Corridor (DFC) and the upcoming Dholera Special Investment Region. There are several large industries in close vicinity which are focused on pharma, engineering, renewables, engineering, logistics and ancillaries.
“We are excited to diversify our horizontal product mix in Ahmedabad and add a large industrial park to our portfolio. With this industrial plotted development, we have further augmented our horizontal portfolio and now have 77 msf of projects in the Ahmedabad region. Our business development initiatives are shaping up well and the cumulative new business development topline potential stands at more than Rs 3850 Cr for the current year to date,” Kamal Singal, Managing Director and CEO, Arvind Smartspaces, said.
