Arvind SmartSpaces Limited has announced the acquisition of a new residential high-rise project in Whitefield, Bengaluru. This project is expected to contribute ₹330 crore to the company's top-line potential, marking a significant addition to its portfolio.
The newly acquired project is located in the Nagondanahalli area of Whitefield, Bengaluru. It spans 2.08 acres and offers a saleable area of approximately 2.5 lakh sq. ft. Acquired on an outright basis, this project is Arvind SmartSpaces' 11th high-rise venture in Bengaluru.
Whitefield is a thriving real estate market, attracting demand due to its proximity to major IT parks and global corporations. The area has evolved into a premier residential and commercial hub over the past decade.
Since entering the Bengaluru market in 2013, Arvind SmartSpaces has added 15 projects in the region.
Out of these, 6 projects have been delivered, while 9 are in various stages of development. This latest acquisition follows the Sarjapur Road high-rise project signed in February 2026.
Read More: Block Deal Alert: HDFC Capital Sold 1.8% Stake in Arvind SmartSpaces!
Mr. Priyansh Kapoor, Managing Director and CEO of Arvind SmartSpaces, highlighted the strong performance of the company's vertical development portfolio in FY26.
With the addition of this project, the cumulative new business development top-line potential for the year reaches ₹2,840 crore, with the three new Bengaluru projects contributing ₹1,740 crore.
Established in 2008 and part of the Lalbhai Group, Arvind SmartSpaces is a leading real estate development company headquartered in Ahmedabad. With over 110.7 million sq. ft. of real estate development across India, the company focuses on delivering value-added real estate solutions.
As of March 11, 2026, at 10:57 AM, Arvind SmartSpaces share price on NSE was trading at ₹530.10 down by 0.16% from the previous closing price.
Arvind SmartSpaces' acquisition of a new high-rise project in Bengaluru underscores its commitment to expanding its portfolio in key markets. The addition of this project enhances the company's presence in the dynamic Whitefield area, contributing significantly to its top-line potential.
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Published on: Mar 11, 2026, 11:11 AM IST
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