Arvind SmartSpaces to develop new township in MMR, eyes Rs 1,500 cr revenue

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Arvind SmartSpaces to develop new township in MMR, eyes Rs 1,500 cr revenue - Business Standard

Quick Summary:

In a regulatory filing on Friday, the company said it has signed an agreement for a large horizontal, multiuse project in Mumbai Metropolitan Region (MMR), "with a total estimated area of 92-acre and a top-line potential of Rs 1,500 crore".

Realty firm Arvind SmartSpaces Ltd has entered into a joint development agreement to build a 92-acre township with an estimated revenue potential of Rs 1,500 crore.

Kamal Singal, Managing Director and CEO, Arvind Smartspaces said, "We are happy to announce our entry into the Mumbai real estate market, marking a significant milestone in our growth journey.