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Arvind SmartSpaces Limited (ASL) has entered Mumbai’s society redevelopment segment with a new residential project in Santacruz (West), marking a significant milestone for the company.
The project is expected to generate an estimated revenue of ₹300 crore and will offer around 42,000 sq. ft. of saleable carpet area. This marks ASL’s first residential apartment development in the Mumbai Metropolitan Region (MMR) and its second overall project in the region.
Strategically located, the project offers strong connectivity to key north–south corridors linking Bandra, Khar, Santacruz, Vile Parle, and Andheri. It also benefits from proximity to the Western Railway line, Western Express Highway, and Chhatrapati Shivaji Maharaj International Airport, along with improved east–west access via the Santacruz–Chembur Link Road. Its closeness to major commercial hubs such as Bandra Kurla Complex is expected to drive robust housing demand.
With this addition, ASL’s total new business development potential for the year has reached ₹3,140 crore, reinforcing its growth strategy in the Mumbai market.
News by Rahul Yelligetti.
