India, March 27 -- Ahmedabad-based Arvind SmartSpaces Limited (ASL) has signed its first society redevelopment project in the Santacruz area of Mumbai, with an estimated revenue of Rs.300 crore. The company said that the project will have an estimated carpet area sale of 42,000 sq ft.

"This project marks Arvind SmartSpaces' entry into the society redevelopment segment. It is the company's first residential apartment project in the Mumbai Metropolitan Region (MMR) and the second project in the region," the company said in a statement on March 27.

According to the company, the project is strategically located in a well-established micro-market in Santacruz (West) and is well connected to the north-south arterial road linking Bandra, Khar,...