Arvind SmartSpaces has announced the acquisition of its 11th high-rise project in Bengaluru, located on Sarjapur Road. According to the company's latest regulatory filing, the project has been acquired on a joint development basis with a total estimated saleable area of approximately 3.6 lakh sq. ft. and a top-line potential of ₹470 crore, including the partner's share. The project spans 2.5 acres and represents an extension of the company's existing Arvind Sylva development in the same locality.
The new project is strategically located in Sarjapur Road, southeastern Bengaluru, which is one of the rapidly developing neighborhoods known for its aesthetic appeal, tranquillity, and lush green surroundings. As reported by Business Standard, the location offers short distance travel to Outer Ring Road IT hub, access to the new campus of one of the country's IT majors, and proximity to the proposed metro station with leading hospitals, educational institutions, and recreational options nearby. The Sarjapur Road and Outer Ring Road corridor has seen sustained demand from the information technology workforce, with the city ranking among India's top three residential markets by new launches in 2025, supported by infrastructure developments including proposed metro expansions in the southeastern quadrant.
This acquisition represents an extension of Arvind Sylva, the company's existing project located in Sarjapur Road, Bengaluru. According to the latest disclosure, Arvind SmartSpaces entered the Bengaluru market in 2013 and has since added 16 projects across the city. The company has 8 projects already delivered and 8 projects in various stages of development. Managing Director and CEO Priyansh Kapoor stated that with this addition, the company's cumulative new business development top-line potential for FY27 stands at approximately ₹3,100 crore. The project is structured as a joint development arrangement, meaning the disclosed top-line figure of ₹470 crore includes the partner's share rather than representing Arvind SmartSpaces' sole revenue entitlement.
Arvind SmartSpaces has demonstrated strong financial performance with consolidated net profit zooming to ₹99.01 crore in the quarter ended June 2026, compared to ₹11.18 crore in the previous quarter ended June 2025. As reported by Business Standard, sales increased by 212.14% to ₹317.63 crore in Q1 FY27 compared with Q1 FY26. The company's stock was trading at ₹608.45 on the BSE, down 0.98% during the session. CEO Priyansh Kapoor emphasized that Bengaluru continues to be a key growth market and this addition in Sarjapur Road further deepens their vertical development portfolio in the city.
Arvind SmartSpaces Limited (NSE:ARVSMART), part of the Lalbhai Group, is a real estate developer headquartered in Ahmedabad. Established in 2008 and carrying a legacy of over 128 years through the Lalbhai Group, the company has approximately 100.5 million sq. ft. of developments across Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune, operating across residential and plotted formats. The company's FY27 cumulative new business development top-line potential of ₹3,100 crore reflects its stated growth trajectory, though this represents pipeline potential rather than booked or recognised revenue under applicable accounting standards.
