Real estate developer Arvind SmartSpaces has officially launched a new residential high-rise project in Whitefield, Bengaluru, with an estimated top-line potential of ₹330 crore. According to the latest regulatory filing, the project is located in the Nagondanahalli area and spans 2.08 acres with a total estimated saleable area of around 2.5 lakh sq. ft. The company acquired the project on an outright basis and has now officially launched it in the market. This acquisition follows another high-rise project the company signed on Sarjapur Road in February 2026. The project sits within one of Bengaluru's most vibrant and fast-evolving residential micro markets, with strong connectivity to major IT parks, global corporates, and well-established social infrastructure.
This launch marks Arvind SmartSpaces' 11th high-rise project in Bengaluru since entering the market in 2013, as reported in the regulatory filing. The company has delivered six projects in the region while nine more are at various stages of development. The new project follows a recent addition on Sarjapur Road, further cementing the company's presence in Bengaluru's dynamic real estate market. Arvind SmartSpaces, established in 2008, is part of the Lalbhai Group's 128-year legacy and maintains a significant presence across major Indian cities including Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune.
According to the regulatory filing, the company's cumulative new business development topline potential for FY26 has reached approximately ₹2,840 crore, with three Bengaluru projects contributing nearly ₹1,740 crore. The company has added 15 projects in Bengaluru since entering the market, demonstrating consistent growth in the region. Whitefield remains one of Bengaluru's most active residential corridors, driven by demand from professionals working in nearby IT parks and global corporations. In 2024, the company announced another housing project in Bengaluru with a total estimated saleable area of approximately 4.2 lakh square feet and a topline potential of around ₹600 crore, undertaken on a joint development basis on ITPL Road, near Whitefield in East Bengaluru.
Priyansh Kapoor, Managing Director and CEO of Arvind SmartSpaces, highlighted the strong performance of the company's vertical development portfolio in FY26, as reported in the regulatory filing. He emphasized that with this latest addition, the brand 'Arvind' continues to resonate strongly with homebuyers and landowners alike, and the company looks forward to adding new projects across Ahmedabad, Bengaluru and MMR regions. "The company has been actively strengthening its high-rise residential portfolio this financial year. With this project addition, our cumulative new business development topline potential for the year stands at about ₹2,840 crore, with the three new Bengaluru additions totalling ₹1,740 crore," Kapoor stated. This addition further strengthens the company's growing portfolio in Bengaluru as it continues to create thoughtfully designed living spaces in the city's most sought after locations.
According to the regulatory filing, shares of Arvind SmartSpaces ended today's trade 3.9% higher at ₹521 on the NSE, reflecting positive market sentiment following the acquisition announcement and project launch. The company's strategic focus on Bengaluru's high-rise residential segment continues to drive investor confidence in its expansion plans across key Indian markets.
