Page 29 - Arvind 2024
P. 29
Overview
At Arvind SmartSpaces, the commitment to foster sustainable growth is evident in investments in new development initiatives. The Company deepened its presence in focused geographies and is consciously evaluating new micro markets to expand its presence. The strategic approach focuses on identifying markets that optimise a price-value proposition and
help build enduring partnerships, allowing the Company to cultivate a robust pipeline that sustains continuous expansion and success.
Our strategy
At Arvind SmartSpaces, we recognise the role of visualisation in assessing land parcels and estimating prospective growth potential.
The Company envisions not just the physical landscape but also community growth, resulting in lifecycle projects understanding.
The Company’s competence lies in designing three distinct project types: short-term, medium-term, and long-term.
Short-term projects offer quick returns, characterised
by streamlined process of development, sale, and exit.
Medium-term projects span four to five years, allowing for comprehensive planning and execution.
Long-term projects unfold across 8-10 years, developed in phases to align with market dynamics and evolving community needs with the opportunity to extract greater value across the project life cycle.
The essence of the Company’s strategy lies in deepening revenue sustainability. For long-term projects, the Company initiates proactive land acquisition, leveraging the potential for
enhanced profitability on project maturing. By anticipating market shifts and diligent project management, the Company ensures that developments endure and flourish, delivering enduring stakeholder value.
The Company is committed to allocate Rs. 1,000 Cr towards
the acquisition of 6-7 projects, which could collectively
generate a cumulative topline of approximately Rs. 5,000 Cr within 12 months.
Corporate Overview
Statutory Reports Financial Statements
Highlights, FY23-24
The year proved to be
a milestone in terms of
project expansions, marked
by the addition of business development with a topline potential of approximately
Rs. 4,150 Cr (previous year
Rs. 930 Cr); the Company introduced four projects in Ahmedabad in addition to one each in Bengaluru and Surat.
In the first quarter, the Company entered into a 500- acre project deal along NH
47 South Ahmedabad, with a projected revenue potential of around Rs. 1,450 Cr under a 50% revenue share model.
In the second quarter, the Company secured a 204-
acre project in Bavla (South Ahmedabad) called Uplands 2.0 and 3.0, with a projected revenue potential of Rs. 850 Cr (55% revenue share).
In the first quarter, the Company entered into an agreement with a subsidiary of Arvind Ltd. to develop a 16- acre township at Moti Bhoyan, with a projected revenue
potential of Rs. 116 Cr (under the Development Management model).
In the second quarter, the Company acquired a 43-acre high-rise project in Bengaluru with a projected revenue potential of Rs. 400 Cr covering a saleable area of 4.6 Lac square feet.
In the fourth quarter, the Company expanded its portfolio with a 40-acre horizontal project in Ahmedabad called Rhythm Of Life with a projected topline potential of Rs. 250 Cr.
In the third quarter, the Company entered the Surat realty market with a 300 acre horizontal multi-asset township project possessing a revenue potential of Rs. 1,100 Cr (joint development model with 55% revenue share).
The Company’s business development team conducted comprehensive micro-
market evaluation to assess attractiveness, potential realisations and sales velocity before landing new projects.
Annual Report 2023-24 | 27
