Tag: Arvind SmartSpaces

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Birla Estates and Arvind SmartSpaces Launch Mumbai Housing Projects

NEW DELHI: Birla Estates and Arvind SmartSpaces are entering Mumbai’s society redevelopment market with distinct residential projects in Khar West and Santacruz, as both companies aim to seize redevelopment opportunities in the city’s limited land market. Birla Estates (BEPL), a subsidiary of Aditya Birla Real Estate, is set to redevelop the Anmol Co-operative Housing Society and Bhartiya Bhavan Co-operative Housing Society in Khar West, in collaboration with Parinee Real Estate Builders. The project encompasses a saleable area of approximately 2.9 lakh sq ft, with a projected revenue potential of around ₹1,700 crore, marking the company’s debut in Mumbai’s redevelopment sector.…

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Pirojsha Adi Godrej Acquires 1.8% Stake in Arvind SmartSpaces

NEW DELHI: On Monday, Pirojsha Adi Godrej acquired nearly 1.8% of the stake in Arvind SmartSpaces, a real estate developer, for ₹40.7 crore from an HDFC Capital affiliate through an open market transaction. Pirojsha Godrej serves as the Executive Chairperson of Godrej Properties, Godrej Housing Finance, and is a Non-Executive Director at Godrej Consumer Products and Godrej Agrovet. According to block deal data from the BSE, Pirojsha Godrej purchased 8,17,530 shares, amounting to a 1.78% stake in the Ahmedabad-based company. The shares were acquired at an average price of ₹498 each, bringing the total transaction value to ₹40.71 crore. HDFC…

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Arvind SmartSpaces Q3 FY26 Net Profit Drops 41.79%

NEW DELHI: Arvind SmartSpaces has experienced a significant decline of 41.79% in its net consolidated profit for the quarter ending December 31, 2025, with a profit after tax (PAT) of ₹29.21 crore compared to ₹50.18 crore in the same quarter last year, as noted in a BSE filing. The company’s net consolidated total income for Q3 FY26 was ₹170.50 crore, down by 20.87% from ₹215.47 crore reported in the equivalent quarter the previous year. The board of directors has approved the re-designation of Priyansh Kapoor, currently the whole-time director & CEO, as managing director & CEO of the company effective…

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Arvind SmartSpaces Q2 FY26 Net Profit Falls 57.61%

NEW DELHI: Arvind SmartSpaces has announced a 57.61% drop in its net consolidated profit for the quarter ending September 30, 2025. Profit after tax for Q2 FY26 was ₹18.06 crore, compared to ₹42.60 crore in the same quarter last year, according to a BSE filing. The company reported a net consolidated total income of ₹144.03 crore for Q2 FY26, marking a 46.51% decline from ₹269.28 crore in the previous fiscal year’s corresponding quarter. Priyansh Kapoor, CEO and Whole-Time Director, stated, “We have recently signed a new joint development project in Vadodara with a top-line potential of ₹700 crore. Our balance…

Latest StoriesResidential

Arvind SmartSpaces Teams Up for Vadodara Residential Project

NEW DELHI: Arvind SmartSpaces (ASL) has launched a joint development project in the Vadodara residential market on Ajwa Road. The project is expected to achieve a potential revenue exceeding ₹700 crore. According to Priyansh Kapoor, CEO and whole-time director of the company, “This initiative aligns with our strategy to expand into high-potential markets and solidify our footprint in the state. We aim to introduce new projects in Gujarat, Bengaluru, and MMR throughout the year.” Published On Oct 29, 2025 at 06:30 PM IST Join the community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights…

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Arvind SmartSpaces Q1 FY26 Net Profit at ₹11.96 Crore

NEW DELHI: Arvind SmartSpaces has announced a significant growth of 159.44% in its net consolidated profit for the quarter ending June 30, 2025. The company’s profit after tax for Q1 FY26 reached ₹11.96 crore, a substantial increase from ₹4.61 crore in the same quarter the previous year, as reported in a BSE filing. The net consolidated total income for the company was ₹106.39 crore in Q1 FY26, reflecting a growth of 37.79% compared to ₹77.21 crore in the corresponding quarter last year. Kamal Singal, Managing Director of Arvind SmartSpaces, stated, “In Q1, revenue rose 37% year-on-year to ₹102 crore, adjusted…