According to reports from CNBC TV18, Arvind SmartSpaces has signed a residential high-rise project in Goregaon (West), Mumbai, with an estimated top-line potential of around ₹2,400 crore. This marks the company's largest project to date and represents a significant expansion of its presence in the Mumbai Metropolitan Region (MMR). The development will be undertaken in partnership with Sigma Oxford Realtors and involves redevelopment in Siddharth Nagar, offering a saleable carpet area of about 0.67 million sq ft.
As reported by CNBC TV18, this project represents the company's third housing project in the Mumbai Metropolitan Region and its second high-rise development in the city. The company has been following an asset-light approach, focusing on partnerships and selective entry into micro-markets with visible demand. This strategic expansion demonstrates Arvind SmartSpaces' commitment to establishing a strong presence in key urban markets across India.
According to CNBC TV18, the company in March acquired a residential high-rise project in Whitefield, Bengaluru, with a top-line potential of about ₹330 crore. Management has maintained its annual booking growth guidance, supported by expected project launches in the final quarter, and sees continued growth over the next three years driven by additions to its project pipeline and execution capabilities.
