Listed real estate developer, Arvind SmartSpaces Limited, has acquired a residential high-rise project in Whitefield, Bengaluru, with an estimated top-line potential of about ₹330 crore, the company said in a regulatory filing on March 10.
Listed real estate developer Arvind SmartSpaces has acquired a residential high-rise project in Whitefield, Bengaluru, with an estimated top-line potential of about ₹330 crore. (Picture for representational purposes only) (Pexels )
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The project, located in the Nagondanahalli area of Whitefield, spans about 2.08 acres and will have a total saleable area of around 2.5 lakh square feet. The development was acquired outright, according to the company.
Whitefield, located in the eastern part of Bengaluru, is driven by its proximity to major IT parks, multinational companies and expanding social infrastructure.
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"The company has been actively strengthening its high-rise residential portfolio this financial year. With this project addition, our cumulative new business development topline potential for the year stands at about ₹2,840 crore, with the three new Bengaluru additions totalling ₹1,740 crore," said Priyansh Kapoor, Managing Director and CEO of ArvindSmartSpaces.
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"The company has been actively strengthening its high-rise residential portfolio this financial year. With this project addition, our cumulative new business development topline potential for the year stands at about ₹2,840 crore, with the three new Bengaluru additions totalling ₹1,740 crore," said Priyansh Kapoor, Managing Director and CEO of ArvindSmartSpaces.
Arvind SmartSpaces Limited entered the Bengaluru market in 2013 and has since added 15 projects across the city. Of these, six projects have already been delivered, while nine are currently at various stages of development.
In 2024, the company announced that it had signed a new housing project in Bengaluru, with a total estimated saleable area of approximately 4.2 lakh square feet and a topline potential of around ₹600 crore. The project, undertaken on a joint development basis, is located on ITPL Road, near Whitefield in East Bengaluru.
Souptik Datta is a deputy chief content producer at Hindustan Times Digital, where he reports on southern India with a focus on real estate, urban infrastructure and environmental urban issues. His coverage tracks the intersection of policy, capital flows, regulation and sustainability, examining how these forces shape housing markets, commercial real estate and large-scale infrastructure development across rapidly transforming cities. He also closely tracks civic issues affecting urban residents, including property taxation, planning approvals, public transport expansion, water stress, waste management and the governance challenges that influence everyday life in India’s metros. Souptik’s reporting is driven by a strong interest in accountability, consumer rights and the lived realities of homebuyers and investors navigating volatile pricing cycles, regulatory changes and project delivery risks. He frequently analyses project launches, land monetisation strategies, planning frameworks, RERA-related developments and the broader implications of infrastructure investments on emerging growth corridors. His work blends on-ground reporting with data-backed analysis and long-form explainers aimed at demystifying complex real estate and infrastructure developments for readers. He is an alumnus of the Indian Institute of Journalism and New Media. Before joining Hindustan Times Digital, Souptik was associated with Moneycontrol at Network 18, where he covered real estate, infrastructure and allied sectors, producing market insights, policy-led stories and in-depth features. Outside the newsroom, Souptik is an avid solo traveller and documentary enthusiast, exploring diverse regions and visually documenting unique narratives through film and photography. In his early career, Souptik also freelanced as a documentary photographer, independently working on visual storytelling projects that captured grassroots narratives, urban change and everyday life. He can be reached at souptik.datta@htdigital.in.
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