Arvind SmartSpaces Enters Mumbai Society Redevelopment with Rs. 300 Crore Project
March 27, 2026: Arvind SmartSpaces Limited (ASL), a real estate development company part of the Lalbhai group, announced it has signed a society redevelopment project in Santacruz, Mumbai. The project carries a top-line potential of ~Rs. 300 crore and includes a total estimated carpet area for sale of 42,000 sq. ft. This addition brings the cumulative new business development topline potential for the year to ~Rs. 3,140 crore.The project marks ASL’s entry into the society redevelopment segment and represents the company's first residential apartment project in the Mumbai Metropolitan Region (MMR). Strategically located in Santacruz (West), the project benefits from excellent connectivity via the Western Railway line, the Western Express Highway, and the Santacruz-Chembur Link Road, as well as proximity to key residential, commercial, and retail hubs.
“This project addition is an important milestone in our Mumbai portfolio journey,” said Mr. Priyansh Kapoor, Managing Director and CEO, Arvind SmartSpaces. "MMR is a strategically important market for us, and redevelopment offers a compelling opportunity."
Arvind SmartSpaces, established in 2008 and headquartered in Ahmedabad, has ~110.7 million square feet of real estate development across India. The company is backed by the Lalbhai Group's legacy and aims to continue its growth momentum.
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