Arvind SmartSpaces adds a new residential high-rise project in Bengaluru with a top-line potential of ~Rs. 550 crore

Arvind SmartSpaces Limited (ASL), one of India's leading real estate development companies, part of the Lalbhai group, today announced that it has acquired a new residential high-rise project in Whitefield, Bengaluru with a total estimated saleable area of ~4.6 lakh sq. ft. and a top-line potential of ~Rs. 550 crore. The project is acquired on an outright basis.

This project is located in Nallurahalli area in Whitefield, Bengaluru. This addition follows the acquisition of the ITPL road high-rise project signed in FY25. Whitefield continues to be one of the most dynamic real estate markets in Bengaluru, consistently attracting strong demand from professionals and families seeking premium living spaces. Over the past decade, the region has evolved into a premier residential and commercial hub, driven by its proximity to major IT parks, global corporations, and a thriving social infrastructure.

This would be ASL's 9th high rise project in Bengaluru. Arvind SmartSpaces entered the Bengaluru market in 2013 and has until now added 13 projects across the region with 6 projects having already been delivered and 7 in various stages of development/pre-launch.

Commenting on this development, Mr. Priyansh Kapoor, CEO and Whole Time Director, Arvind SmartSpacessaid: "We are happy to add another high-rise project in Bengaluru, strengthening our vertical development portfolio in the city. This is our second acquisition in Whitefield, one of Bengaluru's most premium residential real estate markets. It aligns with our strategic vision to deliver premium developments in high-demand micro-markets, ensuring sustained end-user interest and strong value creation.

Brand 'Arvind' continues to resonate strongly with homebuyers and landowners alike, as we look forward to adding new projects across Gujarat, Bengaluru and MMR during the remainder of the year."

Shares of Arvind SmartSpaces Limited was last trading in BSE at Rs. 586.90 as compared to the previous close of Rs. 596.55. The total number of shares traded during the day was 356 in over 48 trades.

The stock hit an intraday high of Rs. 596.55 and intraday low of 585.05. The net turnover during the day was Rs. 209780.00.

Source : Equity Bulls

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