Arvind SmartSpaces Secures Major ₹2,400 Crore High-Rise Project in Mumbai's Goregaon West

Arvind SmartSpaces has officially signed its largest high-rise project deal in Mumbai's Goregaon West area, marking a significant milestone in the company's expansion strategy. The landmark agreement represents the company's biggest undertaking in Mumbai's competitive real estate market, offering substantial revenue potential through strategic partnership.

The high-rise development project showcases impressive scale and market positioning in one of Mumbai's established residential hubs. The company has partnered with Sigma Oxford Realtors to execute this ambitious residential development.

Project Details and Partnership

The project value is ₹2,400 crores, with a saleable area of 0.67 million sq ft. It is located in Goregaon West, Mumbai, and is a high-rise residential project. The partnership with Sigma Oxford Realtors is a key aspect of this development.

Goregaon West represents one of Mumbai's most sought-after residential and commercial destinations, offering excellent connectivity infrastructure. The location provides seamless access through the Western Express Highway, Link Road, and SV Road, making it highly attractive for residential buyers. The project's substantial saleable area positions it as a significant addition to the area's housing inventory, addressing growing demand for quality residential spaces in this well-connected suburb.

Corporate Restructuring Framework

Alongside the project announcement, Arvind SmartSpaces has completed strategic corporate restructuring transactions involving its subsidiary operations. The company's wholly owned subsidiary, Arvind Skyline Private Limited (ASPL), has acquired equity participation in Oxford Navrang Realtors Pvt. Ltd., while the parent company has divested a minority stake to external investors.

ASPL has acquired a 49% stake in Oxford Navrang Realtors for ₹49,000, involving 4,900 equity shares of ₹10 each. The parent company has sold a 13% stake in ASPL to external investors for ₹13,000, retaining an 87% holding in ASPL.

Regulatory Compliance and Structure

The transactions have been executed through comprehensive Share Purchase Agreements and Shareholders' Agreements. Oxford Navrang Realtors Pvt. Ltd., incorporated recently, operates in real estate development and construction activities. The external investors acquiring the ASPL stake, Mr. Khetshi Barot and Mr. Kaushal Agarwal, maintain arm's length relationships with the company, ensuring transparent transaction structures and regulatory compliance.

Arvind SmartSpaces has also scheduled a virtual one-to-one investor meeting with FSSA for April 14, 2026, as part of its ongoing stakeholder engagement activities. The company made this disclosure on April 10, 2026, in compliance with SEBI regulatory requirements. The meeting will be conducted in a virtual format, allowing for direct communication between the company's management and the investor.

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Company Secretary Prakash Makwana, with membership number A7279, signed the disclosure document on April 10, 2026. The company has informed both major stock exchanges about this scheduled interaction: BSE Limited (Security Code: 539301) and National Stock Exchange of India Limited (Symbol: ARVSMART).

Arvind SmartSpaces has noted that the scheduled meeting may be subject to change due to exigencies on the part of either the investors or the company. This standard disclaimer provides flexibility for both parties in case of unforeseen circumstances that might require rescheduling. The disclosure reflects the company's commitment to maintaining transparency with its stakeholders and adhering to regulatory compliance requirements for listed entities.