Mumbai, Feb. 17 -- The project is acquired on an outright basis, the company stated.

This project is located in Sanand-Nalsarovar road, Ahmedabad. It is located approximately 15 km from Sanand and 30 km from Nalsarovar Lake.

Kamal Singal, managing director and CEO, Arvind Smartspaces, said: "We are happy to announce the acquisition of this residential plotted development project in the high potential Sanand-Nalsarovar market of Ahmedabad.

The Ahmedabad region continues to offer compelling growth opportunities for horizontal real estate, driven by strong infrastructure development and a thriving industrial ecosystem.

With this acquisition, our year-to-date (YTD) project addition value now stands at Rs 4,450 crore, making it our biggest...