Arvind SmartSpaces Limited has informed the Exchange regarding a press release dated March 10, 2026, titled "Arvind SmartSpaces adds a new residential high rise project inBengaluru with a topline potential of Rs. 330 crore".
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Awaiting price reaction for this filing.
Arvind SmartSpaces has acquired a new residential high-rise project in Whitefield (Nagondanahalli), Bengaluru, on an outright basis. The project spans 2.08 acres with a saleable area of ~2.5 lakh sq. ft. and a top-line potential of ~Rs. 330 crore. This is the company's 11th high-rise project in Bengaluru and its third high-rise addition in the city during FY26. Management stated that cumulative new business development topline potential for FY26 now stands at ~Rs. 2,840 crore, of which the three Bengaluru projects account for Rs. 1,740 crore. The acquisition follows the Sarjapur Road high-rise project signed in February 2026.
Positive for the stock — the addition strengthens the company's Bengaluru pipeline and pushes FY26 new business potential to ~Rs. 2,840 crore, supporting future revenue visibility. Outright acquisition also means full ownership of cash flows without joint venture risk-sharing.