Arvind SmartSpaces sells out Orchard Themed Residential of Bangalore in just 7 hours

Arvind SmartSpaces Limited (ASL), a real estate company, announced in a regulatory filing on February 19 that they have successfully sold over 220 housing units worth more than Rs.160 crore in their residential plotted development project, Arvind Orchards, located in Devanahalli, Bengaluru. The first phase of the project was sold out within a mere 7 hours of launch.

According to a regulatory filing, the company has successfully sold all the available units in the initial phase of its residential plotted development project, Arvind Orchards in Devanahalli, Bengaluru. This remarkable achievement was accomplished within a mere 7 hours of the project's launch.

Managing Director and CEO, Arvind SmartSpaces, Kamal Singal stated “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 Bengaluru market with a focus on designs that are inspired by the evolving preferences of our customers. ”

In an official statement, the company said that the project is situated under HDFC Platform 2. Situated in Devenahalli along Doddballapur Road, this project is a plotted development with an orchard theme. Arvind SmartSpaces' latest venture in Bengaluru, this is their second plotted township in the city.This would be ASL’s second residential plotted township in Bengaluru.

Devanahalli is a well-developed residential plotting area located in close proximity to the Bengaluru International Airport. It is also known for housing key economic centers like Aerospace SEZ and KIADB IT Park.

In 2013, Arvind SmartSpaces made its debut in the Bengaluru market and has since then expanded its portfolio with 11 projects in various micro-markets of the city.

With its headquarters in Ahmedabad, the company boasts an impressive real estate development of around 75 million square feet throughout the country. Apart from Bengaluru, Arvind SmartSpaces has also made significant contributions to the real estate sectors in Ahmedabad, Gandhinagar, and Pune.