Arvind Plots Khopoli has recently signed an agreement for a significant real estate development project in the Mumbai Metropolitan Region (MMR), specifically located near Khopoli. This project encompasses a total area of 92 acres and is expected to generate a top-line potential revenue of Rs 1,500 crore. This marks Arvind SmartSpaces’ first venture into the MMR region, which is becoming increasingly attractive for horizontal developments such as plots and villas.
The project will be executed under a joint development model, where Arvind Smartspaces Plots Khopoli will secure a 70.5% revenue share from the total estimated revenue. This strategic approach allows the company to maintain low capital intensity while maximizing returns on investment. The joint development model is particularly beneficial in large-scale projects as it mitigates financial risks associated with high upfront costs.
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The Khopoli area is poised for growth due to several transformative infrastructure projects that are reshaping the MMR landscape. Key developments include.