Arvind SmartSpaces signs its largest high-rise project in Mumbai, offering a top-line potential of Rs. ~2,400 Cr

Arvind SmartSpaces Limited (ASL), one of India's leading real estate development companies, part of the Lalbhai group, announced the signing of a residential high-rise project in Goregaon (West), Mumbai. The project has a top-line potential of ~Rs. 2,400 Cr, with a total saleable carpet area of ~0.67 million sq. ft. The project is being done in partnership with Sigma Oxford Realtors.

The Company will jointly do a redevelopment in Siddharth Nagar, Goregaon West, one of the most sought-after micro markets in Mumbai's Western suburbs. This project marks the Company's third housing project in MMR and its second high-rise project in the city, further strengthening its presence in the Mumbai Metropolitan Region (MMR). Goregaon (West) has emerged as a preferred destination for the home buyers in western suburbs looking to upgrade themselves. The location offers seamless connectivity via the Western Express Highway, Link Road, and SV Road. It also benefits from proximity to major commercial hubs making it highly attractive for working professionals. With ongoing infrastructure upgrades, Goregaon (West) continues to witness sustained demand, strong absorption, and healthy price appreciation, making it a high-conviction micromarket for long-term development.

Commenting on this development, Mr. Priyansh Kapoor, Managing Director and CEO, Arvind SmartSpaces said, "We are beginning the new financial year on a strong footing, as we add our largest project to date in the portfolio. Our approach in MMR has been calibrated, focusing on asset-light structures, partnering with the right stakeholders, and entering micro-markets where demand visibility and execution feasibility are high. High-rise developments are an important part of our portfolio expansion strategy, and with this being our second vertical project in Mumbai, we are steadily building capabilities and presence in this segment."

Shares of Arvind SmartSpaces Limited was last trading in BSE at Rs. 528.85 as compared to the previous close of Rs. 524.50. The total number of shares traded during the day was 2438 in over 157 trades.

The stock hit an intraday high of Rs. 540.00 and intraday low of 523.85. The net turnover during the day was Rs. 1296342.00.

Source : Equity Bulls

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ArvindSmartSpaces INE034S01021 Realty Mumbai HighRiseProject