Arvind SmartSpaces Ltd has launched a premium residential project in Bengaluru, enhancing its footprint in the city’s real estate sector. The new development is situated on ITPL Road and covers 2.9 acres, featuring a total saleable area of approximately 4.2 lakh square feet. The project aims to generate ₹600 crore in revenue, marking Arvind SmartSpaces’ twelfth project and its eighth high-rise initiative in Bengaluru.

Developed through a joint venture, this project benefits from a strategic location in one of Bengaluru’s well-connected residential areas. It offers convenient access to major IT hubs and tech parks in Whitefield, making it particularly attractive to professionals employed in the vicinity. Additionally, the development is well-served by public transport, with metro stations, hospitals, schools, and shopping centres like Phoenix Marketcity and Whitefield Railway Station located nearby.

Kamal Singal, Managing Director and CEO of Arvind SmartSpaces expressed enthusiasm for the new venture. “We are pleased to add another high-rise project, reinforcing our position in one of India’s largest real estate markets. The ‘Arvind’ brand continues to be trusted by home buyers and landowners, and we are on track to achieve our business goals,” he stated.

This launch contributes to the company’s expanding portfolio, with Arvind SmartSpaces projecting a total new business development potential of ₹1,010 crore for this year. The firm aims to broaden its presence in key cities, including Bengaluru, Ahmedabad, and the Mumbai Metropolitan Region (MMR). This follows their earlier announcement in July regarding plans to launch projects valued between ₹2,300 crore and ₹2,500 crore by the conclusion of FY25.

In conclusion, the new high-rise project not only enhances Arvind SmartSpaces’ reputation in the competitive Bengaluru market but also aligns with the growing demand for quality residential spaces in prime locations. The company’s strategic expansion underscores its commitment to meeting the needs of modern urban dwellers in India’s rapidly evolving real estate landscape.