Announced Tue, 7 Apr · 16:21 IST
Arvind SmartSpaces inks largest Mumbai high-rise project worth ~Rs 2,400 Cr
ARVSMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+11.6%1-day move
₹527.00
prior close
₹563.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.9+7.5+8.2+8.0+11.6+12.7+10.6+14.4+15.0+12.2+17.3+20.4+10.1+13.1
Up moveDown movePending
AI summary
Arvind SmartSpaces signed its largest high-rise project in Goregaon West, Mumbai with ~Rs. 2,400 Cr top-line potential and ~0.67 mn sq ft saleable area, in partnership with Sigma Oxford Realtors. Structure: subsidiary ASPL acquired 49% in Oxford Navrang Realtors; the company sold 13% in ASPL to partners Khetshi Barot and Kaushal Agarwal, retaining 87%. This is the 3rd MMR housing project and 2nd high-rise in Mumbai.
Likely market impact
Asset-light deal adds a marquee project, expanding MMR footprint and future revenue visibility, though execution and partnership risks remain.