Arvind SmartSpaces Ltd.’s shares went up by 16.63 per cent after the company reported signing two multi-use golf-themed development projects in Ahmedabad, covering an area of approximately 704 acres. The combined potential revenue from these projects is estimated to reach Rs. 2,300 crore. ASL will execute both projects under the joint development model, ensuring higher returns with low capital intensity.
The first project, a joint development venture spanning 500 acres in South Ahmedabad, boasts a revenue potential of Rs 1,450 crore. The second project, spanning acres in the same region, is estimated to generate Rs 850 crore in revenue.
The shares of the company went up by 14.84 per cent to Rs 401.25 at close . on BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.