Arvind Smartspaces plans ₹1,000 cr capex; 50% to be invested in Bengaluru
During FY25, the annual sales bookings of Arvind Smartspaces reached ₹1,271 crore, recording a 15 per cent growth.
Compared to Ahmedabad and Mumbai, Arvind Smartspaces — the real-estate arm of textile manufacturer Arvind Ltd — is planning to focus more on Bengaluru where it plans to invest 50 per cent of the proposed ₹1,000 crore capital expenditure for the financial year 2026.
“We will be investing a little heavier in vertical projects as it gives a little more stability to the numbers and execution, etc. That essentially means that our investments in Bengaluru will go up. On an overall basis, the ratio possibly of investment will be more like a 2:1:1 for Bengaluru, Ahmedabad and Mumbai,” Kamal Singal, MD and CEO of the company said while explaining how ₹500 crore of the total ₹1,000 crore capex will be diverted to Bengaluru, while ₹250 crore each will go to new projects in Ahmedabad and Mumbai. The capex will be raised through an equal mixture of debt, equity and internal accruals.
During FY25, the annual sales bookings of the company reached ₹1,271 crore, recording a 15 per cent growth. Bengaluru contributed 37 per cent to the annual bookings.
New projects
The company also targets to launch new projects worth ₹4,000 crore during the current financial year. This will broadly include ₹2,000 crore worth of new launches in Bengaluru, ₹1,000 crore each from Mumbai Metropolitan Region (MMR) and Ahmedabad.
“So the launch pipeline per se is across all these three cities. We have, for example, Bannerghatta high-rise project, ITPL high-rise project, Orchards — a plotting project. We have a project in Bengaluru on Sarjapur Road and Airport Road. All these are lined up to be launched in Bengaluru. This totals up to around ₹2,000 crores and that too only for the phases that we’ll be launching,” Singal told investors recently.
In Gujarat, the company plans to launch three projects which includes a plotting scheme in Surat and an industrial project. In MMR — where the company forayed into last year — a horizontal development project at Pen Khopoli has been proposed, while a society redevelopment project is also to be announced soon.
“We have not yet tested ourselves in the market of Mumbai, but we are sure with the kind of experience we have and kind of product that we are trying to bring in Mumbai, the city has to get exposed to something very different when it comes to weekend homes,” Singal said while talking about the company’s plans for MMR.
“I think we clearly lead the market (in Ahmedabad) when it comes to pricing the horizontal projects. We clearly have a lead of around 20-25 per cent premium that we charge for every project that we would have launched in the same micro market. In Bengaluru, we are very much in the top bracket,” he added.
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Published on June 6, 2025
