Page 54 - Construction_Opportunities_December_2025

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CONSTRUCTION Arvind SmartSpaces Limited (ASL), part of the Lalbhai group, has
ARVIND SMARTSPACES LAUNCHES NEW PREMIUM
RESIDENTIAL HIGH-RISE IN AHMEDABAD WITH `400
CRORE REVENUE POTENTIAL.

acquired a new premium residential high-rise project in Vastrapur,
Ahmedabad, with a total estimated saleable area of around 3.6
lakh sq. ft. and a top-line potential of approximately `400 crore.
The project has been acquired outright, marking a strategic
addition to ASL’s portfolio and reinforcing its focus on premium
residential developments in high-potential markets.
This will be ASL’s 24th project in Gujarat. Vastrapur is one of West
Ahmedabad’s most established premium residential micro-
markets, offering well-developed social and civic infrastructure,
excellent connectivity, proximity to metro corridors, educational geographies are progressing well. We are delighted to announce
institutions, healthcare facilities, and lifestyle hubs. The location a premium residential apartments project after over a decade
also provides easy access to business centers like Navratna and in West Ahmedabad. Vastrapur is one of Ahmedabad’s most
Pinnacle Business Parks, as well as popular destinations such as promising micro-markets for premium residential apartments, and
IIM Ahmedabad, Vastrapur Lake Garden, and Nexus Ahmedabad this acquisition will strengthen our presence in the region.
One Mall, making it highly attractive for residential development. The optimism in the premium residential market remains strong,
Commenting on the acquisition, Priyansh Kapoor, CEO and Whole- and we look forward to launching new projects across Gujarat,
Time Director of Arvind SmartSpaces, said, “Our diversification Bengaluru, and the Mumbai Metropolitan Region during the
initiatives across horizontal and vertical developments in our core remainder of the year.”
LANCOR HOLDINGS PROJECTS `2,300 CRORE REVENUE
FROM SRIPERUMBUDUR INTEGRATED TOWNSHIP.
Chennai-based real estate developer Lancor Holdings anticipates
its integrated gated-community project at Sriperumbudur will
generate revenue between `2,100 crore and `2,300 crore. The 90-
acre township, named Lancor Town & Country, will feature around
2,000 units, including residential villas and plots, and is expected
to be fully completed in six to seven years. Several villas are already
occupied, while more are under construction, with prices ranging
from `1.30 crore to `1.70 crore. Recently the company launched
the Harmonia Pavilion Senior Living Apartments as part of the
township. The project also includes Harmonia Senior Villas, luxury
and duplex villas, Temple Town Phases 1 and 2, and premium villa
plots, according to a company release.

EMBASSY DEVELOPMENTS TO LAUNCH 6 HOUSING in North Bengaluru. Two of the projects have already received
PROJECTS IN BENGALURU. RERA approval, marking a new phase of growth for the firm.
Realty firm Embassy Developments Ltd announced recently that “With RERA approval for two of our projects, we have entered an
it plans to launch six new residential projects in Bengaluru, with an exciting phase of growth and are confident of achieving our pre-
estimated total revenue of `10,300 crore. sales target of approximately `5,000 crore for FY26,” said Aditya
In a regulatory filing, the company said the projects will be located Virwani, Managing Director of Embassy Developments Ltd.

54 CONSTRUCTION OPPORTUNITIES|DECEMBER 2025