Arvind SmartSpaces acquires new project in Bengaluru with top-line potential of ₹550 crore; shares in focus

This project is located in the Nallurahalli area in Whitefield, Bengaluru. This addition follows the acquisition of the ITPL road high-rise project signed in FY25.

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, the press release added.

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 ninth high-rise project in Bengaluru. Arvind SmartSpaces entered the Bengaluru market in 2013 and has, to date, added 13 projects across the region, with 6 projects already delivered and 7 in various stages of development/pre-launch.

Commenting on this development, Priyansh Kapoor, CEO and Whole Time Director of Arvind SmartSpaces, said, “We are happy to add another high-rise project in Bengaluru, strengthening our vertical development portfolio in the city. This is our second acquisition in Whitefield, one of Bengaluru's most premium residential real estate markets. It aligns with our strategic vision to deliver premium developments in high-demand micro-markets, ensuring sustained end-user interest and strong value creation."

The CEO added, "The brand ‘Arvind’ continues to resonate strongly with homebuyers and landowners alike, as we look forward to adding new projects across Gujarat, Bengaluru and MMR during the remainder of the year."

Arvind SmartSpaces Q2 FY26 Results

Arvind SmartSpaces reported a 65% decline in consolidated net profit at ₹14.17 crore for the second quarter of this fiscal year (Q2 FY26) due to lower income.

Its net profit stood at ₹40.68 crore in the year-ago period.

Total income fell to ₹144.03 crore in July-September FY26 from ₹269.28 crore logged a year ago, according to a regulatory filing on Monday.

Arvind SmartSpaces also said that the board has elevated Kulin Lalbhai as chairman of the company.

Sanjay Lalbhai, who is the father of Kulin, has stepped down from the board of directors of the company, effective November 3, 2025.

Kulin was serving as vice chairman.

Established in 2008, Arvind SmartSpaces is India's leading real estate development company headquartered in Ahmedabad. It has about 108 million square feet of real estate development across the country.