HDFC Capital Sells Stake in Arvind SmartSpaces for ₹41 Crore in Block Deal
Arvind SmartSpaces witnessed a significant block deal on Monday, March 9, where HDFC Capital Affordable Real Estate Fund – 1 sold an 1.8% equity stake in the company for approximately ₹41 crore. The buyer, Pirojsha Adi Godrej, acquired around 8.2 lakh shares at an average price of ₹498 per share.
As of December 2025, HDFC Capital Fund held an 8.8% stake in Arvind SmartSpaces. This transaction marks a notable reduction in their holding, reflecting strategic portfolio adjustments in the real estate sector.
Arvind SmartSpaces has been maintaining its annual booking growth guidance despite slower growth in the first nine months of FY26. The company is confident that momentum will pick up with multiple project launches scheduled in the final quarter. Vice Chairman Kulin Lalbhai emphasized that sales velocity in the real estate sector is closely tied to project launches. He stated that the company continues to target a 25–30% year-on-year booking growth.
The company is also optimistic about sustained expansion over the next three years, supported by new project additions and its development pipeline. Lalbhai highlighted the firm's aim to deliver a consistent 25–30% compounded annual growth rate over this period. This forward-looking strategy is designed to capitalize on the growing demand for affordable and high-quality real estate solutions in India.
Arvind SmartSpaces, a subsidiary of Arvind Limited, is a leading player in the Indian real estate market, focusing on integrated townships and commercial developments. The company's commitment to delivering quality projects and maintaining robust growth targets positions it well to navigate the dynamic real estate landscape in India.
