Arvind SmartSpaces (ASL) stock surged 4.74 per cent on the NSE, trading at ₹596.35. The real estate development company has sold out the entire inventory released for sale in the 1st phase of its residential development project, Arvind Orchards in Devanahalli, Bengaluru.
- Also read: Arvind SmartSpaces announces township project in Surat
As per the company’s statement, it consisted of more than 220 units valued over ₹160 crore. The project is housed under HDFC Platform 2. The company had entered the Bengaluru market in 2013 and has added 11 projects till date across different micro-markets in the city.
Commenting on the launch, Kamal Singal, Arvind SmartSpaces’ Managing Director and CEO, said, “We have been able to create a strong presence in Bengaluru market with a focus on designs that are inspired by the evolving preferences of our customers.”
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