Page 30 - Arvind 2024

Our joint ventures
At Arvind SmartSpaces, joint developments offer a multitude of benefits.
Firstly, they empower the Company to expand operations without significant capital
outlay. Secondly, these joint developments (JDs) mitigate land- related risks. Thirdly, they expedite project timelines as the land acquired through JDs is typically ready for development, eliminating regulatory hurdles. Fourthly, JDs enhance Internal Rate of Returns by minimising upfront investments.
Outlook, FY24-25
Arvind SmartSpaces aims to undertake business development activities to add a GDV of
Rs. 5,000-5,500 Cr in the
coming year. The Company aims to increase market share and leadership in Ahmedabad, expand its presence in Bangalore, deepen presence in Pune and venture into the MMR. The Company seeks
to rebalance its portfolio around an equal presence in vertical and horizontal developments and increase the proportion of outright projects over joint development agreements.
The Company is confident of prospects, considering that
its geographical presence is influenced by extensive studies
of the long-term growth of those urban clusters and micro-markets. As a matter of caution, the Company selects to deepen its presence in existing urban clusters before entering new developed markets.
Drone-enhanced land analysis for precision design
The Company implemented cutting-edge drone technology to analyze prospective land parcel topography. This advanced approach empowered the Company to derive comprehensive insights into terrains, facilitating informed decision-making.
Moreover, the Company employed rigorous topographic mapping methodologies to ascertain natural water flow across the land.
By understanding these hydrological dynamics, the Company customised designs for water bodies and golf courses to harmonise seamlessly with the peripheral terrain. This approach ensured that developments not only complemented the natural landscape but also enhanced aesthetic appeal and ecological sustainability.
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