Arvind SmartSpaces Eyes Massive Expansion with ₹2,300-2,500 Crore Worth of New Projects in FY25
The Ahmedabad-based real estate firm plans to launch multiple projects in Bengaluru and Ahmedabad, with a focus on sustenance sales and private placements.
Real EstateArvind SmartspacesProperty MarketFy25Expansion PlansReal EstateJul 31, 2024
According to Kamal Singal, MD and CEO of Arvind SmartSpaces, these new launches will be in addition to the sustenance sales from existing projects. The company has consistently experienced growth of around 25-35% across major parameters, including fresh bookings, and is targeting a 30% growth this year.
Arvind SmartSpaces reported a strong performance for the April-June 2024 quarter, with bookings increasing 49% to ₹201 crore and collections growing 21% to ₹248 crore. The company's robust performance can be attributed to sustenance sales and private placements to land partners.
With over ₹1,100 crore in collections, Arvind SmartSpaces has accumulated more than ₹800 crore of free cash from operations in the last 24-25 months. This healthy trend in internal accruals is expected to continue, enabling the company to create a pipeline exceeding ₹5,000 crore over the next few quarters.
The company's negative debt position of ₹50-60 crore also provides a conservative debt-raising capacity of ₹300-400 crore within this financial year. This, combined with its robust investment capacity of ₹800-900 crore, will enable Arvind SmartSpaces to continue its expansion plans.
Arvind SmartSpaces is a leading real estate firm based in Ahmedabad, with a market capitalisation of ₹10,850 crore. Its shares have gained 117% over the last year and close to 76% so far this year.Arvind SmartSpaces is a well-known real estate firm that focuses on developing high-quality residential and commercial projects.
Frequently Asked Questions
How much worth of new projects is Arvind SmartSpaces planning to launch in FY25?
Arvind SmartSpaces is planning to launch nearly ₹2,300-2,500 crore worth of new projects during the rest of the financial year.
Where are the new projects planned to be launched?
The new projects are planned to be launched in Bengaluru and Ahmedabad.
What is the company's target for growth this year?
Arvind SmartSpaces is targeting a 30% growth this year.
What is the company's current market capitalisation?
Arvind SmartSpaces has a market capitalisation of ₹10,850 crore.
How have the company's shares performed over the last year?
Arvind SmartSpaces' shares have gained 117% over the last year and close to 76% so far this year.
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