In a regulatory filing on Saturday, the company informed that "it has signed a new residential apartment project in Bengaluru, with a total estimated saleable area of nearly 4.6 lakh square feet and a top-line potential of nearly ₹400 crore."
"Our diversification initiatives addressing both horizontal and vertical developments across Bengaluru and Ahmedabad are progressing well," Kamal Singal, Managing Director and CEO of Arvind SmartSpaces, said.
The company has added this high-rise project to its portfolio and this will deepen its presence in a key micro market Bannerghatta in Bengaluru, he said, adding that this acquisition will further expand the company's presence in South Bengaluru.
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The company has added this high-rise project to its portfolio and this will deepen its presence in a key micro market Bannerghatta in Bengaluru, he said, adding that this acquisition will further expand the company's presence in South Bengaluru.
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"With this acquisition, the cumulative new business development topline potential stands at more than ₹2,800 crore for the current year to date," Singal said.
The buoyancy in the real estate market is extremely strong, he said, "we are well on track to conclude our ongoing business plan of ₹1,000 crore fresh investment to create a record year in terms of new project additions both from a value and volume perspective."
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Arvind SmartSpaces, part of Lalbhai Group, was established in 2008 and is headquartered in Ahmedabad.
It has about 60 million square feet of real estate development across Ahmedabad, Gandhinagar, Bengaluru and Pune.
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.
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Home/Cities/Bengaluru News/Realty firm signs housing project in Bengaluru with ₹400 cr revenue potential
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