Arvind SmartSpaces Launches Rs 600 Crore Housing Project in Bengaluru

Arvind SmartSpaces is expanding its footprint in Bengaluru with a Rs 600 crore housing project, marking its 12th project and 8th high-rise development in the city. Located on ITPL road near Whitefield, the project aims to deepen the company’s presence in

Arvind SmartspacesBengaluruHousing ProjectHighrise DevelopmentItpl RoadReal Estate NewsOct 09, 2024

Arvind SmartSpaces Launches Rs 600 Crore Housing Project in Bengaluru
Real Estate News:Arvind SmartSpaces, a prominent realty firm, is set to launch a new Rs 600 crore housing project in Bengaluru. This will be the company's 12th overall project and 8th high-rise development in the city, further solidifying its presence in the Bangalore market. The project is strategically located on ITPL road near Whitefield, a bustling area known for its IT hubs and residential amenities.

In a regulatory filing, Arvind SmartSpaces Ltd. announced that it has signed a new residential apartment project with a total estimated saleable area of around 4.2 lakh square feet. The project, undertaken on a joint development basis, is expected to generate a top-line potential of Rs 600 crore. This strategic move underscores the company's commitment to meeting the growing demand for high-quality residential spaces in one of India's most dynamic cities.

Kamal Singal, Managing Director and CEO of Arvind SmartSpaces, expressed his optimism about the new project. \

Frequently Asked Questions

What is the estimated saleable area of the new housing project by Arvind SmartSpaces in Bengaluru?

The new housing project by Arvind SmartSpaces in Bengaluru has an estimated saleable area of around 4.2 lakh square feet.

Where is the new housing project by Arvind SmartSpaces located in Bengaluru?

The new housing project by Arvind SmartSpaces is located on ITPL road near Whitefield in Bengaluru.

How many high-rise projects has Arvind SmartSpaces developed in Bengaluru so far?

Arvind SmartSpaces has developed 8 high-rise projects in Bengaluru, including the new Rs 600 crore project.

What is the revenue potential of the new housing project by Arvind SmartSpaces?

The revenue potential of the new housing project by Arvind SmartSpaces is estimated to be around Rs 600 crore.

When was Arvind SmartSpaces established, and where is it headquartered?

Arvind SmartSpaces was established in 2008 and is headquartered in Ahmedabad.

Related News Articles

Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base
real estate news

Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base

Aadhar Housing Finance projects disbursements and assets under management to grow at over 20% this year

May 30, 2024
Read Article
No Reversal on Real Estate LTCG Tweaks: Government Stands Firm
Real Estate

No Reversal on Real Estate LTCG Tweaks: Government Stands Firm

Government sources have confirmed that there will be no reevaluation of the changes made to Long Term Capital Gains tax (LTCG) in the Union Budget, despite concerns over the removal of Indexation benefit on property sales.

July 24, 2024
Read Article
Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties
Real Estate

Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties

EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, is at a crossroads in the ever-evolving industrial REIT landscape.

September 28, 2024
Read Article
Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore
real estate news

Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore

In a strategic move, Godrej Group, through its real estate subsidiary Anamudi Real Estates, has acquired a significant plot of land in the bustling city of Mumbai for Rs 81 crore. This acquisition marks a major step in the company's expansion plans in one

February 8, 2025
Read Article
Why Pattaya is the Next Big Thing for Indian Property Investors
Real Estate Mumbai

Why Pattaya is the Next Big Thing for Indian Property Investors

A luxury sea-view condo in Pattaya costs as much as a mid-range apartment in Mumbai. Discover why Pattaya is quickly becoming a hot spot for Indian property investors, offering exceptional value and potential returns.

February 24, 2025
Read Article
Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?
real estate news

Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?

With reduced EMIs making home loans more affordable, Akshaya Tritiya could be the catalyst for a surge in real estate demand, especially in the luxury and high-end market segments.

April 28, 2025
Read Article