Arvind SmartSpaces Signs Rs. 300 Crore Redevelopment Project in Mumbai
Filing Summary
Arvind SmartSpaces Limited announced a new society redevelopment project in Santacruz, Mumbai, with a top-line potential of approximately Rs. 300 crore. This marks the company’s first residential apartment project in the Mumbai Metropolitan Region (MMR) and expands its business development topline potential for the year to approximately Rs. 3,140 crore. The project covers an estimated carpet area of 42,000 sq. ft. and is strategically located with strong connectivity to key areas. Arvind SmartSpaces is part of the Lalbhai Group and focuses on real estate development across India.
On March 27, 2026, Arvind SmartSpaces Limited announced the signing of a society redevelopment project in Santacruz, Mumbai. The project has a top-line potential of approximately Rs. 300 crore and includes an estimated carpet area for sale of 42,000 sq. ft. This development marks the company’s entry into the society redevelopment segment and is its first residential apartment project in the Mumbai Metropolitan Region (MMR).
The Santacruz project is strategically located in a well-established micro-market, offering excellent connectivity through north-south arterial roads linking Bandra, Khar, Santacruz, Vile Parle, and Andheri. It also provides strong multimodal access via the Western Railway line, proximity to the Western Express Highway, and quick connectivity to the Chhatrapati Shivaji Maharaj International Airport. The location benefits from improved east-west linkages through the Santacruz-Chembur Link Road.
With this project, the cumulative new business development topline potential for Arvind SmartSpaces in the year stands at approximately Rs. 3,140 crore. The company’s strategic positioning in the MMR aims to leverage its brand, execution track record, and strong balance sheet to expand its portfolio of projects in the region over the medium term.
Arvind SmartSpaces, part of the Lalbhai Group, was established in 2008 and is a leading real estate development company in India. It focuses on delivering real estate solutions across Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune. The company is committed to continuing its growth momentum and delivering value to stakeholders, backed by the strong brand name of the Arvind Group and credibility from its completed projects.