Arvind SmartSpaces Partners with Sigma Oxford Realtors for Rs 2,400 Crore Housing Project in Mumbai
Ahmedabad-based real estate company Arvind SmartSpaces Ltd has announced a significant partnership with Sigma Oxford Realtors to develop a major housing project in Mumbai. The project, valued at Rs 2,400 crore, is set to be developed in Goregaon (West), a prime location in Mumbai’s western suburbs.
The company informed the stock exchange in a regulatory filing that it has signed a deal for a “residential high-rise project” in Goregaon (West), Mumbai. This project is expected to generate a top-line potential of Rs 2,400 crore and will offer around 0.67 million square feet of saleable carpet area. This marks Arvind SmartSpaces' third project in the Mumbai Metropolitan Region (MMR) and its second high-rise development in the city.
The project is strategically located in Siddharth Nagar, Goregaon West, a key micro-market known for its strong connectivity. Residents will benefit from easy access to the Western Express Highway, Link Road, and SV Road, as well as proximity to major commercial hubs. These factors have contributed to sustained demand, steady absorption, and price appreciation in the area, making it a highly attractive zone for residential projects.
According to Arvind SmartSpaces, this partnership aligns with the company’s asset-light strategy, which focuses on forming alliances and entering high-demand micro-markets. The company is building its capabilities in high-rise developments, a crucial component of its growth roadmap. The expansion into Mumbai reinforces Arvind SmartSpaces' ambition to scale operations in major urban centers while maintaining disciplined execution.
Arvind SmartSpaces, backed by the Lalbhai Group legacy, has a diverse presence in the residential, commercial, and industrial segments. The company currently operates in Ahmedabad, Bengaluru, and Pune, with plans to expand further into the Mumbai Metropolitan Region (MMR) and Vadodara. Arvind SmartSpaces has a track record of strategic acquisitions and project developments, including a Rs 900 crore residential development platform with HDFC Capital.
Recent acquisitions by Arvind SmartSpaces include high-rise projects in Bengaluru, such as a Rs 330 crore project in Whitefield and a Rs 600 crore project on Sarjapur Road. These acquisitions highlight the company’s commitment to expanding its portfolio and leveraging strategic partnerships to drive growth in the real estate sector.
The partnership with Sigma Oxford Realtors for the Rs 2,400 crore project in Goregaon is a significant step forward for Arvind SmartSpaces, positioning the company to capitalize on the growing demand for high-quality residential properties in Mumbai’s dynamic real estate market.
