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Located strategically on NH47, along the Bavla-Bagodara Road, this mega project is designed to cater to the rising demand for industrial infrastructure in the region. The development will be executed under a joint development model, with ASL holding a 70.5% revenue share in the project.
NH47 is one of the major national highways of Gujarat, which on the southern side connects Ahmedabad to all major cities of Saurashtra like Rajkot, Bhavnagar, Jamnagar etc, and on the northern side connects Ahmedabad to cities like Gandhinagar, Mehsana and connects the entire state to Rajasthan.
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This project is located on NH-47, between Bavla and Bagodara. 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 the 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.
The project is envisaged to be one of the largest industrial parks in Gujarat with an end-to-end ecosystem to ensure a thriving environment for industries. The proposed infrastructure includes a common effluent treatment plant (CETP), zero liquid discharge (ZLD), labour housing, executive housing, weight bridge, logistics zones, etc.
Also Read: Arvind SmartSpaces eyes 35% revenue growth in FY24, targets Surat real estate
Kamal Singal, Managing Director and CEO of Arvind Smartspaces, said, “Our business development initiatives are shaping up well and the cumulative new business development topline potential stands at more than ₹3,850 crore for the current year to date. We look forward to adding projects across our target markets of MMR, Bengaluru and Ahmedabad in the coming quarters.”
Shares of Arvind Smartspaces Ltd ended at ₹692.40, down by ₹12.50, or 1.77%, on the BSE.
(Edited by : Shoma bhattacharjee)
