Arvind SmartSpaces rises on acquiring new residential high-rise project in Bengaluru
Arvind Smartspaces is currently trading at Rs. 617.40, up by 3.60 points or 0.59 % from its previous closing of Rs. 613.80 on the BSE.
The scrip opened at Rs. 615.00 and has touched a high and low of Rs. 621.80 and Rs. 611.00 respectively. So far 989 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 707.20 on 24-Aug-2026 and a 52 week low of Rs. 490.35 on 09-Mar-2026.
Last one week high and low of the scrip stood at Rs. 667.85 and Rs. 599.25 respectively. The current market cap of the company is Rs. 2834.91 crore.
The promoters holding in the company stood at 53.83%, while Institutions and Non-Institutions held 9.66% and 36.51% respectively.
Arvind SmartSpaces has acquired newest residential high-rise project on Sarjapur Road, Bengaluru. The project, acquired on a joint development basis, has a total estimated saleable area of around 3.6 lakh sq. ft. and a top-line potential of Rs 470 crore, including the partner's share.
This addition is an extension of its existing project Arvind Sylva located in Sarjapur Road in Bengaluru. Sarjapur, situated in the southeastern part of Bengaluru, is one of the rapidly developing neighbourhoods, popularly known for its aesthetic appeal, tranquillity, and lush green surroundings. The location is a very short distance travel to Outer Ring Road IT hub, new campus of one of the IT majors of the country and the proposed metro station with leading hospitals, prominent educational institutions and recreational options nearby.
This would be the company’s 11th high-rise project in Bengaluru. The company entered the Bengaluru market in 2013 and has added 16 projects across the city with 8 projects having already been delivered and 8 in various stages of development.
