NSEPress Release28 Sept 2026 · 28 Sept 2026, 12:31 pm
Press Release
Arvind SmartSpaces Limited · ARVSMART
✦ AI Summary▲ PositiveExpansion
Arvind SmartSpaces Limited has announced a new residential high-rise project in Bengaluru with a top-line potential of Rs. 470 Cr, expanding its presence in the city.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment9/10
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Full Announcement
Arvind SmartSpaces Limited has informed the Exchange regarding a press release dated September 28, 2026, titled "Arvind SmartSpaces adds a new residential high-rise project in Bengaluru with a top-line potential of Rs. 470 Cr - the project is spread across 2.5 acre and has a saleable area of 3.6 lakh sq. ft.".
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28th September, 2026
To, To,
BSE Limited Na(cid:415)onal Stock Exchange of India Limited
Lis(cid:415)ng Dept. / Dept. of Corporate Services, Lis(cid:415)ng Dept., Exchange Plaza, 5th Floor,
Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Bandra-Kurla Complex,
Dalal Street, Mumbai - 400 001. Bandra (E), Mumbai - 400 051.
Security Code: 539301 Symbol: ARVSMART
Security ID : ARVSMART
Dear Sir/Madam,
Sub: Media Release (cid:415)tled as “Arvind SmartSpaces adds a new residen(cid:415)al high-rise project in
Bengaluru with a top-line poten(cid:415)al of Rs. 470 Cr - the project is spread across 2.5 acre and
has a saleable area of 3.6 lakh sq. (cid:332).”.
We are a(cid:425)aching herewith a copy of Media Release dated 28th September, 2026, being issued by
the Company (cid:415)tled as “Arvind SmartSpaces adds a new residen(cid:415)al high-rise project in
Bengaluru with a top-line poten(cid:415)al of Rs. 470 Cr - the project is spread across 2.5 acre and has
a saleable area of 3.6 lakh sq. (cid:332).”.
You are requested to bring this to the no(cid:415)ce of all concerned.
Thanking you,
Yours faithfully,
For Arvind SmartSpaces Limited
Prakash Makwana
Company Secretary
Encl.: As above
Arvind SmartSpaces adds a new residential high-rise project in
Bengaluru with a top-line potential of Rs. 470 Cr
The project is spread across 2.5 acre and has a saleable area of 3.6 lakh sq. ft.
Ahmedabad, September 28, 2026, Arvind SmartSpaces Limited (ASL), one of India’s leading real estate
development companies, part of Lalbhai group, today announced its newest acquisition of a residential
high-rise project on Sarjapur Road, Bengaluru. The project, acquired on a joint development basis, has a
total estimated saleable area of ~3.6 lakh sq. ft. and a top-line potential of Rs. 470 Cr, including the
partner's share.
This addition is an extension of our existing project Arvind Sylva located in Sarjapur Road in Bengaluru.
Sarjapur, situated in the southeastern part of Bengaluru, is one of the rapidly developing neighbourhoods,
popularly known for its aesthetic appeal, tranquillity, and lush green surroundings. The location is a very
short distance travel to Outer Ring Road IT hub, new campus of one of the IT majors of the country and
the proposed metro station with leading hospitals, prominent educational institutions and recreational
options nearby.
This would be ASL’s 11th high-rise project in Bengaluru. Arvind SmartSpaces entered the Bengaluru
market in 2013 and has added 16 projects across the city with 8 projects having already been delivered
and 8 in various stages of development.
Commenting on this development, Mr. Priyansh Kapoor, Managing Director and CEO of Arvind
SmartSpaces said, “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. With this project, our cumulative new business development top-line potential for
FY27 stands at ~Rs. 3,100 Cr, and we remain on track with our growth plans across Gujarat, Bengaluru
and the MMR."
About Arvind Smartspaces:
Built on ~128+ years legacy of the Lalbhai Group, and established in year 2008, Arvind SmartSpaces is India’s leading
real estate development Company headquartered in Ahmedabad. With ~100.5 million square feet of real estate
development across the country, the company is focused on delivering real estate solutions that add value to the
lives of its customers and is fast emerging as a leading corporate real estate player in the country. The company has
real estate developments across Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR and Pune. Backed by the
strong brand name of Arvind group and the credibility achieved through already delivered projects, the company
has plans to continue the strong growth momentum and deliver value to all stakeholders. For details, please visit
www.arvindsmartspaces.com
For further information, please contact:
Amit Chamaria Satya Prakash Mishra
Chief Financial Officer Group Head – Investor Relations
(Mobile +91 9620011414) (Mobile +91 703622888)
Email – amit.chamaria@arvind.in Email – satyaprakash.mishra@arvind.in
Disclaimer: Certain statements contained in this document may be statements of future expectations and other forward-looking statements that are based
on management ‘s current view and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such statements. None of Arvind SmartSpaces Limited or any of its affiliates, advisors or
representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its content
or otherwise arising in connection with this document. This document does not constitute an offer or invitation to purchase or subscribe for any shares and
neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever.