Arvind SmartSpaces Limited (ASL) on Monday announced that it has sold out the entire inventory released for sale in the 1st phase of its residential plotted development project, Arvind Orchards in Devanahalli, Bengaluru, within 7 hours of launch. It consisted of more than 220 units valued at over Rs 160 crore. The project is housed under HDFC Platform 2, it added.
Arvind Orchards, is an orchard-themed plotted development nestled in Doddballapur Road, Devenahalli. This would be ASL’s second residential plotted township in Bengaluru. Devanahalli is an established residential plotting micro-market near the Bengaluru International Airport and is home to major economic hubs such as Aerospace SEZ and KIADB IT Park. This location enjoys excellent infrastructure connectivity which will be further enhanced by the upcoming Metro.
Arvind SmartSpaces entered the Bengaluru market in 2013 and has till date added 11 projects across different micro-markets in the city.
Kamal Singal, Managing Director and CEO, Arvind SmartSpaces, said, “We are delighted to have received an overwhelming response from the Bengaluru homebuyers once again. We have been able to create a strong presence in the Bengaluru market with a focus on designs that are inspired by the evolving preferences of our customers. Such strong responses to all our launches including Greatlands, Greatlands-2, Forest Trails and now Orchards exhibits the trust reposed by homebuyers in the legacy of the Arvind brand.”
Arvind SmartSpaces is a real estate development company headquartered in Ahmedabad. With approximately 75 million square feet of real estate development across the country, the company has real estate developments across Ahmedabad, Gandhinagar, Bengaluru and Pune.