Arvind SmartSpaces Secures $550 Cr. Whitefield High-Rise Deal!

Arvind SmartSpaces Limited (ASL), a part of the Lalbhai Group, has announced the acquisition of a new premium residential high-rise project in Whitefield, Bengaluru, with an estimated top-line potential of approximately ₹550 crore.

The project spans 4.18 acres and offers a saleable area of nearly 4.6 lakh sq. ft. Located in the Nallurahalli micro-market of Whitefield, it marks ASL’s ninth high-rise residential development in Bengaluru. Whitefield continues to be one of the city’s most sought-after real estate destinations, driven by its proximity to major IT parks, multinational corporations, and well-established social infrastructure.

ASL entered the Bengaluru market in 2013 and has since delivered six projects, with seven additional developments currently at various stages of execution.

Commenting on the acquisition, Priyansh Kapoor, CEO and Whole-Time Director of Arvind SmartSpaces, said, “We are pleased to add another high-rise project in Bengaluru, further strengthening our vertical development portfolio in the city.” The acquisition aligns with the company’s strategy of focusing on premium residential developments in high-demand urban markets.

News by Rahul Yelligetti.