Arvind SmartSpaces jumps 10% on ₹180 crore Ahmedabad project

Stock jumps in early trade after project announcement

Shares of Arvind SmartSpaces Ltd rallied sharply in early trade on Tuesday after the company announced a new residential plotted development project in South Ahmedabad. The stock rose as much as 10.04% to ₹654.35 during the morning session. It later gave up part of the gains and was trading at ₹627.75, up 5.57%, at 9:49 am. The move came after the company disclosed the signing of a joint development agreement for a residential horizontal development project.

The filing positioned the project as another addition to Arvind SmartSpaces’ pipeline in Gujarat. Management commentary also framed South Ahmedabad as a high-potential market for plotted development. The company’s update landed at a time when real estate developers have been using joint development structures to expand without fully buying land upfront.

What the exchange filing said

In its exchange filing, the developer said it has signed a joint development agreement for a residential horizontal development project. The project is located on Kerala-Nalsarovar Road in South Ahmedabad. Arvind SmartSpaces said the project has an estimated top-line potential of around ₹180 crore.

The company also disclosed key physical metrics. The development spans 58.25 acres and has a saleable area of about 2.5 million square feet. The filing described it as a residential plotted development, which typically involves the sale of developed plots as well as supporting infrastructure.

Key project metrics at a glance

Management comment focuses on South Ahmedabad

Commenting on the development, Managing Director and CEO Priyansh Kapoor said the company was “happy to announce” the acquisition of the residential plotted development project in South Ahmedabad. The management described the region as a “high potential market,” aligning with the company’s broader focus on adding plotted and township-style projects in and around Ahmedabad.

While the filing did not provide a construction timeline or launch schedule for this specific project, it highlighted the expected revenue potential and the scale of the land parcel and saleable area. The announcement was made under Regulation 30 (LODR) as a press release or media release disclosure.

How the company framed performance and near-term growth

Separately, Arvind SmartSpaces said it reported a strong set of quarter four numbers. The company stated it witnessed its highest ever bookings, and that collections jumped 65%. In management commentary included in the shared text, the company also talked about the pace of project additions over the last two years and its upcoming launch calendar.

The company indicated it intends to do six new project launches in FY27, calling it the highest in its history. It also referenced guidance for 35% to 40% growth and said the next year should see higher growth in that range. These statements were presented as part of how the developer is positioning its pipeline and operating momentum.

Mumbai additions and portfolio mix described by management

In the same set of remarks, the company said it has added projects in the Mumbai region. It referenced starting with a horizontal 100-acre project in “Mumbai 3.0” and later taking two redevelopment projects near the Western Expressway, one in Santa Cruz and one in Goregaon. The Goregaon project was described as the biggest deal the company has entered into, with a ₹2,400 crore GDV.

The company said it intends to launch these three Mumbai projects in the second half of the year. Management also outlined an expected mix where Mumbai could become around one-third of annual sales, with the remaining split across Bengaluru and Gujarat. It added that large launches could move the mix by plus or minus 10%, but described the portfolio as broadly balancing across the three markets.

Track record of acquisitions and disclosed topline potentials

The article text also points to a broader pattern of acquisitions and expansion. It said FY24 saw the acquisition of new projects with a top-line potential of ₹4,150 crore across Ahmedabad, Bengaluru, and Surat. By November 2024, the company had signed its 12th project in Bengaluru. In November 2025, it announced entry into the Vadodara residential market with a large-scale horizontal development project.

It also cited additional announced projects and potentials, including a new residential high-rise project in Whitefield, Bengaluru with an estimated revenue potential of ₹550 crore, and a ₹600 crore residential project in Sanand, Ahmedabad. A premium residential project in Vastrapur was referenced with a ₹400 crore top-line potential. The text also mentioned an industrial park development agreement in Ahmedabad with a projected top-line potential of ₹1,350 crore.

Snapshot of selected projects mentioned in the text

Reported FY25 operating numbers referenced

The text attributes a strong sales-led profile to Arvind SmartSpaces. It said robust sales performance in FY25 included bookings increasing by 15% year-on-year to ₹1,271 crore. It also said revenue from operations more than doubled to ₹713 crore. These figures were cited as evidence of sales-driven revenue generation.

The shared material also references a separate launch outcome where the company said it sold 200 plots worth over ₹180 crore during the launch of its residential plotted development, Arvind The Park. Another line states that a first phase inventory of ₹163 crore was sold within seven hours for Arvind Orchards, though the exact period for that event was not specified in the text.

Market context and what investors are reacting to

Tuesday’s price action suggests the market treated the South Ahmedabad project as an incremental positive, likely because it adds visible topline potential with disclosed scale. The structure is a joint development agreement, which can help manage upfront capital needs compared with outright land purchases. The stated 58.25-acre size and 2.5 million sq ft saleable area provide a sense of the project’s operating footprint even without a detailed launch schedule.

The article text also includes a later reference point for the share price: “Arvind Smartspaces share price is ₹593 as of 16 Jun, 2026,” alongside a line showing “593 1.65 (-0.28%).” That indicates the stock has also seen routine day-to-day moves around the ₹600 level, even as it reacts to project news.

Why this project matters in the company’s pipeline

For Arvind SmartSpaces, the South Ahmedabad project fits into an expansion story that includes repeated additions across Ahmedabad, Bengaluru, and now Mumbai. The disclosed ₹180 crore topline potential is smaller than some other projects mentioned in the text, but it adds to a pipeline that management has linked to higher launch activity and targeted growth.

The next key milestones for investors are likely to be launch timelines and sales traction from newly added projects, especially those planned for the second half of the year in Mumbai and the set of six launches referenced for FY27. Any further Regulation 30 disclosures around approvals, launch dates, or bookings would add detail to how quickly topline potential converts into cash flows and reported revenue.