Arvind SmartSpaces sells out entire inventory at Bengaluru project launch with ₹180-crore booking value

Realty firm Arvind Smartspaces Ltd on Tuesday (March 25) said it has sold the entire launched inventory of 200 plots at its Arvind The Park residential project in Devanahalli, Bengaluru, generating a booking value of over ₹180 crore at launch.

Arvind The Park offers a luxurious lifestyle with an executive-level golf course and premium amenities. Buyers will receive membership to Monogram by Arvind Lounges and Resorts, a fully-integrated resort featuring a gymnasium, rooftop infinity pool, indoor games room, table tennis, jogging track, badminton court, spa, library, restaurant, executive business centre, multimedia theatre, discotheque, yoga pavilion, butterfly park, and barbeque deck.

Kamal Singal, Managing Director and CEO of Arvind SmartSpaces, said, "We are thrilled to have received such a strong response from the Bengaluru homebuyers for Arvind The Park. Nestled strategically in the burgeoning Devanahalli micro-market of north Bengaluru, this plotted development offers a one-of-its-kind resort living experience to its residents.

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“This is our third plotted project in Devanahalli following the success of Arvind Greatlands and Arvind Orchards," he added.

Arvind SmartSpaces entered the Bengaluru market in 2013 and has so far added 12 projects across the region with six projects having already been delivered and six in various stages of development/pre-launch.

Shares of Arvind Smartspaces Ltd ended at ₹691, down by ₹29, or 4.03%, on the BSE.

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