Project Acquisition Details

Arvind SmartSpaces Limited announced the acquisition of a new residential high-rise project located on Sarjapur Road, Bengaluru. The project was acquired on a joint development basis and represents the company's continued expansion in the Bengaluru market.

Project Specifications

  • Location: Sarjapur Road, Bengaluru (southeastern part of the city)
  • Land Area: 2.5 acres
  • Saleable Area: Approximately 3.6 lakh square feet
  • Top-line Potential: ₹470 crore, including the partner's share
  • Project Type: Residential high-rise

Strategic Context and Market Position

This project is an extension of the company's existing project Arvind Sylva located in the same Sarjapur Road area. Sarjapur is described as a rapidly developing neighborhood known for its aesthetic appeal, tranquillity, and lush green surroundings. The location offers proximity to:

  • Outer Ring Road IT hub
  • New campus of one of the IT majors of the country
  • Proposed metro station
  • Leading hospitals
  • Prominent educational institutions
  • Recreational options

This marks ASL's 11th high-rise project in Bengaluru. The company entered the Bengaluru market in 2013 and has developed 16 projects across the city, with 8 projects already delivered and 8 in various stages of development.

Management Commentary

Mr. Priyansh Kapoor, Managing Director and CEO of Arvind SmartSpaces, stated: "Bengaluru continues to be a key growth market for us, and this addition in Sarjapur Road further deepens our vertical development portfolio in the city. The strong response to our recent launches around same location reflects the trust and traction the 'Arvind' brand enjoys among homebuyers and landowners alike."

Financial Impact and Growth Metrics

With this project addition, the company's cumulative new business development top-line potential for FY27 stands at approximately ₹3,100 crore. The management emphasized that the company remains on track with its growth plans across Gujarat, Bengaluru, and the MMR (Mumbai Metropolitan Region).

Company Background

Arvind SmartSpaces Limited is part of the Lalbhai Group with a ~128+ years legacy, established in 2008. The company is headquartered in Ahmedabad and has developed approximately 100.5 million square feet of real estate across the country. The company has real estate developments across Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune.