Page 24 - Arvind 2024
P. 24
HOW WE STRENGTHENED OUR BUSINESS STRATEGY IN FY23-24
The Company prepared to enter the Surat market (as large as Ahmedabad)
The Company seeks to enter the Mumbai Metropolitan market, a sign of strategic maturity
The Company strengthened senior management talent
The Company will re-balance its portfolio in line with emerging trends
The Company entered into focused labour contracts, liberating contractors from material purchases
The Company’s managerial structure turned increasingly federal with enhanced delegation to branch offices
2,000- 2,500
Rs. Cr of new projects/ phases to be launched in the coming year
pleased to communicate that
this positioning was validated yet again during the last financial year.
Two, we will strengthen our partnerships with the supports
of land (our raw material) and develop our internal capabilities to shorten our time-to-market.
Three, we will remain committed to fiscal prudence and balancing growth with healthy profitability.
Four, we continue to put the customer at the center of all our activities with a focus on not just sales but creating a differentiated ownership experience.
Arvind SmartSpaces Limited represents a new age Indian real estate company synonymous with design, brand, governance, trust, legacy and track record
of quality & ontime delivery.
The combination of a structural sectorial shift and strategic corporate differentiation translated into a year of record performance in FY23-24. Your Company recorded its highest annual
booking of Rs. 1,107 Cr, a growth of 38% over the previous year even as the Indian economy grew around 8% during the last financial year.
Brand Arvind continues to be received strongly by homebuyers across newer micro markets. New launches, including Uplands 2.0 & 3.0, Forest Trails, Arvind Orchards and Rhythm Of Life, contributed ~70% of booking value in FY23-24. Our Bangalore presence remained strong with bookings of Rs. 420 Cr contributing 38% to our total annual bookings.
In FY23-24, the Company made
an orbital change in business development, acquiring new projects with a projected topline of ~Rs. 4,150 Cr as against Rs. 930 Cr in FY22-23. The Company added four projects in Ahmedabad,
and one each in Bengaluru and Surat. Surat will be the third city in Gujarat apart from Ahmedabad and Gandhinagar, where ASL operates. We are confident of the large opportunity that the Surat
22 | Arvind SmartSpaces Limited
