ARVSMART CEO Kamal Singal on New Projects and Growth Targets for 2024

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ARVSMART Targets New Projects Worth Rs 2000-2500 Cr in 2024: Insights from CEO Kamal Singal

Team FS

02/Jul/2024

Key Points:

ARVSMART plans to launch new projects worth Rs 2000-2500 Cr in 2024.
Historical growth of 30-35% in operating and financial parameters expected to continue.
Focus on key markets of Ahmedabad and Bengaluru with projected growth of around 40%.

ARVSMART Targets New Projects Worth Rs 2000-2500 Cr in 2024: Insights from CEO Kamal Singal

In an enlightening interview, Mr. Kamal Singal, the Managing Director and CEO of ARVSMART, shared strategic plans and growth targets for the company. Here are the key highlights from the interview:

New Project Launches

ARVSMART is gearing up to launch new projects worth Rs 2000-2500 crore this year. These projects are set to expand the company’s portfolio and strengthen its market position. The focus on high-value projects demonstrates ARVSMART’s commitment to significant growth and market leadership.

Historical and Expected Growth

The company has historically witnessed a robust 30-35% growth in operating and financial parameters. This impressive track record is expected to continue this year, driven by strategic investments and efficient management practices.

Upcoming Topline Projects

ARVSMART is also planning to launch topline projects worth Rs 4000-4500 crore, including phases of some larger projects. These substantial projects are set to enhance the company's footprint in the real estate sector and contribute significantly to its revenue streams.

Unrecognized Revenue and Booking Growth

Out of Rs 2200 crore of total unrecognized revenue in the books of account, the management is hopeful of seeing 30-40% growth in booking values in accounts this year. This anticipated growth highlights the potential for substantial financial gains and increased shareholder value.

Focus on Key Markets

ARVSMART will continue to focus on its existing markets of Ahmedabad and Bengaluru. These markets are projected to show around 40% growth each in terms of fresh sales coming in the next 2-3 years. This focus underscores the company’s strategy to capitalize on high-growth regions and leverage market opportunities.

Margin Expectations

The company expects to maintain margins at 25%+ in FY25, reflecting its commitment to profitability and efficient cost management. This margin target is indicative of ARVSMART’s strategic focus on maintaining healthy financial metrics while pursuing growth.

Conclusion

The insights shared by Mr. Kamal Singal provide a clear vision of ARVSMART’s strategic directions and growth ambitions. The launch of new projects, focus on key markets, and expected financial performance highlight the company’s proactive approach to market dynamics and its commitment to delivering value.

ARVSMART’s strong historical performance and strategic plans position it well for continued success in the real estate sector. By staying informed about the company’s developments and market strategies, investors and stakeholders can gain valuable insights into ARVSMART’s growth trajectory.

Also Read : CAMS Aims for Over 20% Revenue Growth in FY25: Key Highlights from CEO Anuj Kumar's Interview

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