Arvind SmartSpaces acquires new Whitefield high-rise residential project with ₹550-crore potential

Realty firm Arvind SmartSpaces Ltd (ASL) on Monday, December 15, announced that it has acquired a new residential high-rise project in Whitefield, Bengaluru, with a total estimated saleable area of approximately 4.6 lakh square feet and a topline potential of ₹550 crore. The acquisition has been made on an outright basis.

The project is located in the Nallurahalli area of Whitefield, Bengaluru, and follows Arvind SmartSpaces' earlier acquisition of a high-rise project on ITPL Road in FY25. Whitefield continues to be one of Bengaluru’s most dynamic real estate markets, attracting strong demand from professionals and families seeking premium residential spaces.

Over the past decade, Whitefield has developed into a premier residential and commercial hub due to its proximity to major IT parks, global corporations, and robust social infrastructure. This new acquisition marks Arvind SmartSpaces' ninth high-rise project in Bengaluru. Since entering the Bengaluru market in 2013, Arvind SmartSpaces has added 13 projects in the region, of which six have been delivered, and seven are at various stages of development or pre-launch.

Also Read: Arvind SmartSpaces acquires new residential high-rise project in Gujarat with top-line potential of ₹400 crore

Priyansh Kapoor, CEO and Whole Time Director, Arvind SmartSpaces, said, "We are happy to add another high-rise project in Bengaluru, strengthening our vertical development portfolio in the city.

This is our second acquisition in Whitefield, one of Bengaluru's most premium residential real estate markets. It aligns with our strategic vision to deliver premium developments in high-demand micro-markets, ensuring sustained end-user interest and strong value creation."

Shares of Arvind Smartspaces Ltd ended at ₹585, down by ₹10.60, or 1.78%, on the BSE today, December 15.

Also Read: Arvind SmartSpaces targets 35% growth in FY26; expands into Vadodara with new project