Stock Report

Arvind SmartSpaces adds a new residential high-rise project in Bengaluru with a top-line potential of ~Rs. 330 crore

Posted On : 2026-03-11 21:51:22( TIMEZONE : IST )

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 ~2.5 lakh sq. ft. and a top-line potential of ~Rs. 330 crore. The project is acquired on an outright basis.

This project is located in Nagondanahalli area in Whitefield, Bengaluru. This addition follows the acquisition of the Sarjapur Road high-rise project signed in Feb 2026. 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 11th high-rise project in Bengaluru. Arvind SmartSpaces entered the Bengaluru market in 2013 and has until now added 15 projects across the region with 6 projects having already been delivered and 9 in various stages of development.

Commenting on this development, Mr. Priyansh Kapoor, Managing Director and CEO, Arvind SmartSpaces said, "FY26 continues to be a strong year for our vertical development portfolio. We are happy to add our third high-rise project in Bengaluru in the year. With this project addition, our cumulative new business development topline potential for the year stands at ~Rs. 2,840 crore, with the three new Bengaluru additions totaling Rs. 1,740 crore. Brand 'Arvind' continues to resonate strongly with homebuyers and landowners alike, and we look forward to adding new projects across Ahmedabad, Bengaluru and MMR."

Shares of Arvind SmartSpaces Limited was last trading in BSE at Rs. 518.80 as compared to the previous close of Rs. 532.90. The total number of shares traded during the day was 14994 in over 620 trades.

The stock hit an intraday high of Rs. 542.50 and intraday low of 515.00. The net turnover during the day was Rs. 7893331.00.