Arvind SmartSpaces has successfully sold out its new residential project, ‘Arvind The Park,’ at launch. The project, located in Devanahalli, Bengaluru, features a golf course and offers residents membership to Monogram by Arvind Lounges and Resorts, which includes various recreational and business facilities.
Why Devanahalli?
Devanahalli has become a highly sought-after real estate location due to its proximity to Bengaluru Airport and easy access to major hospitals, schools, and important city areas. The region is also home to key business hubs like the Aerospace SEZ and KIADB IT Park.
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Arvind SmartSpaces in Bengaluru
Arvind SmartSpaces entered the Bengaluru real estate market in 2013 and has since launched 12 projects. So far, six projects have been delivered, while six more are under development.
Company’s Future Plans
Kamal Singal, Managing Director & CEO of Arvind SmartSpaces, expressed excitement over the project’s success, stating:
“We are thrilled by the strong response from Bengaluru homebuyers for Arvind The Park. This is our third plotted development in Devanahalli, following the success of Arvind Greatlands and Arvind Orchards. We are now preparing to launch Arvind Orchards Phase 2 and a high-rise project in Bannerghatta in the upcoming months.”
About Arvind SmartSpaces
Arvind SmartSpaces (ASSL) is the real estate division of the Lalbhai Group, which is also behind Arvind Limited. The company primarily focuses on residential projects but also takes on commercial and industrial developments selectively.
Strong Financial Performance
The company reported impressive financial growth:
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Net profit: ₹47.74 crore in Q3 FY25, up from ₹9.40 crore in Q3 FY24
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Sales: ₹210.16 crore, a 149.3% increase compared to the same period last year
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Stock Market Update
Arvind SmartSpaces’ stock price rose 0.64% to ₹705 on the Bombay Stock Exchange (BSE).
