Page 53 - Arvind 2024

Corporate Overview
Statutory Reports Financial Statements
Uplands Clubhouse, Ahmedabad
luxurious living while also fostering a sense of community.
Developers face both opportunities and challenges
in creating large horizontal developments, such as complex land acquisition and navigating regulatory hurdles. However, with a long-term perspective, these projects can offer substantial
returns through scale and development of new infrastructure.
Arvind SmartSpaces has been
a pioneer in the plotting, villa, villament and township sectors since the pre-pandemic era, capitalising on the popularity of second homes in Ahmedabad. Following the pandemic, ASL has further cemented its position
The Arvind brand
The ‘Arvind’ brand name carries significant recognition across the nation due to the Lalbhai Group’s extensive history of over 120 years across a diverse range of industries such as textiles, apparel, advanced textiles, water management, omnichannel retail, telecommunications, and heavy industry. It operates as a USD 1.7 Bn conglomerate under professional management, the Arvind brand is well-regarded for its commitment to values, integrity, strong governance, and
with offerings designed to inspire, featuring amenities like golf courses and luxury clubhouses, etc. Arvind SmartSpaces is well-placed to capitalise on the growing interest in this real estate segment on account of its proven track record and innovative offerings.
corporate social responsibility. This reputation benefits Arvind SmartSpaces in numerous business activities, including forging joint development agreements, exploring new
cities and markets, establishing business partnerships, and cultivating deeper connections with customers, service providers, partners, investors, and lenders.
Annual Report 2023-24 | 51