Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Arvind SmartSpaces Ltd has acquired a 4.7-acre land parcel on Sarjapur Road, Bengaluru, on an outright basis to develop a residential housing project with an estimated saleable area of around 6.8 lakh sq ft. The project carries a topline revenue potential of approximately INR 860 crore and marks a further expansion of the company's vertical residential portfolio in the city. The acquisition strengthens Arvind SmartSpaces presence in one of Bengaluru's key residential corridors, following its earlier additions in the market. The developer entered Bengaluru in 2013 and has steadily expanded its footprint across the region. With multiple projects already delivered and several under development, the company continues to focus on high-growth urban markets as part of its broader residential expansion strategy.
Realty developer Arvind SmartSpaces Ltd has acquired a 4.7-acre land parcel on Sarjapur Road in Bengaluru to develop a new residential housing project, further reinforcing its presence in one of the city's prominent growth corridors. The Ahmedabad-based company, part of the Lalbhai group, informed stock exchanges that the land has been acquired on an outright basis. Advertisement
The proposed development is planned with an estimated saleable area of around 6.8 lakh sq ft and carries a topline revenue potential of approximately INR 860 crore. Sarjapur Road has emerged as a key residential micro-market in southeast Bengaluru, supported by its proximity to major information technology hubs, established social infrastructure and improving connectivity. The corridor has continued to attract both end-users and developers due to sustained housing demand and infrastructure-led growth.
The acquisition follows Arvind SmartSpaces earlier expansion in Bengaluru and adds to its portfolio of high-rise residential developments in the city. The company entered the Bengaluru market in 2013 and has since added 14 projects across the region. Of these, six projects have already been delivered, while eight are currently at various stages of development. The latest land purchase reflects the company's continued focus on scaling its residential portfolio in select urban markets with long-term demand visibility.
Arvind SmartSpaces was established in 2008 and has built a presence across multiple cities through residential and mixed-use developments. According to the company, it has a cumulative real estate development footprint of around 110 million sq ft. Over the years, the developer has followed a strategy of selective land acquisitions and project additions, balancing outright purchases with other development models to manage risk and capital deployment.
The Sarjapur Road project is expected to contribute to the company's medium-term growth pipeline in Bengaluru, a market that remains central to its southern India strategy. With ongoing urban expansion, employment-led housing demand and infrastructure investments, Bengaluru continues to be a priority geography for large residential developers looking to scale operations in a stable and deep housing market.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
