Arvind Smartspaces

What Arvind Smartspaces does

Arvind Smartspaces Limited (NSE: ARVSMART) is the publicly listed real estate arm of the Lalbhai Group, an Indian conglomerate with origins dating to 1897. Founded in 2009 and headquartered in Ahmedabad, the company develops residential and commercial real estate across six cities—Ahmedabad, Gandhinagar, Vadodara, Bengaluru, Mumbai Metropolitan Region, and Pune—with a portfolio of 36 projects and over 100 million square feet of developed footprint. Its product mix spans the full real estate spectrum: affordable 2BHK apartments starting at Rs 30 lakh, mid-market plotted developments and apartments, premium villa projects (Arvind Uplands, Aqua City), luxury weekend homes (Forreste, Highgrove), Grade-A industrial parks (SmartPark, Megapark), and commercial complexes (Megatrade, Megaestate). Pricing ranges from Rs 30 lakh to Rs 8.99 crore per unit.

The company makes money primarily through one-time residential and commercial property sales, monetizing land inventory through plotted developments, apartments, villas, and integrated townships with amenities such as golf courses, clubhouses, and resort-style facilities. Select premium projects incorporate third-party smart home technology (Alexa-enabled app-controlled switches, biometric locks) and ultrasonic-sensor-based water management systems. Go-to-market is enterprise field sales supported by regional offices (Ahmedabad, Mumbai BKC, Bengaluru), project-site sales offices, and an authorized broker network. FY26 reported total income of Rs 584.47 crore with record annual bookings of Rs 1,550 crore (+22% YoY) and collections of Rs 1,100 crore (+17% YoY), against a market capitalization of approximately Rs 2,990 crore as of June 2026. Bengaluru contributed 31% of annual bookings, with the remaining footprint concentrated in Gujarat and a rapidly scaling Mumbai presence through redevelopment partnerships.

Name

Arvind Smartspaces

Legal name

Arvind SmartSpaces Limited

Website

https://arvindsmartspaces.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

251–500 employees

Short description

Arvind Smartspaces is the publicly listed real estate arm of India's Lalbhai Group, developing residential, commercial, and industrial properties across six Indian cities (Ahmedabad, Bengaluru, Mumbai, Pune, Vadodara, Gandhinagar) spanning affordable to luxury segments, serving mid- and high-income individual buyers with integrated townships, apartments, villas, and plotted developments.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

Other Activities Related to Real Estate (531390), Offices of Real Estate Agents and Brokers (531210)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE)

akta.pro secondary industries

Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ), Industrial Outdoor Storage (IOS) & Yard Brokerage (BPAJACAF), Flex / R&D Industrial Space Brokerage (BPAJACAC)

Keywords

• Residential real estate development
• Commercial property development
• Industrial park development
• Luxury villa projects
• Plotted development

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Residential Property Sales: Revenue generated from sale of residential units including apartments, villas, plots, and township developments. The company operates across plotted developments, villa projects, high-rise apartments, and mixed-use residential complexes. Pricing ranges from ₹30 Lakhs to ₹8.99 Crores depending on project type and location.
2. Industrial/Commercial Property Sales: Revenue from industrial plots (SmartPark), industrial sheds (Megapark), and commercial spaces (Megatrade, Megaestate). These include Grade-A industrial infrastructure and mixed-use commercial developments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Arvind Smartspaces develops and sells residential and commercial real estate across India, including plotted developments, villas, apartments (affordable to luxury), weekend homes, commercial complexes, and industrial parks. The portfolio spans township-scale integrated communities with amenities such as golf courses, clubhouses, and resort-style facilities across Ahmedabad, Bengaluru, Pune, Vadodara, and Mumbai.

Product overview

Arvind SmartSpaces is the real estate arm of the Lalbhai Group, operating as a diversified property developer with projects across Ahmedabad, Gandhinagar, Vadodara, Bengaluru, Pune, and Mumbai. The company offers a broad portfolio spanning residential plots and villas, apartments (from affordable to luxury), weekend homes, commercial spaces, and industrial parks. Key product lines include Uplands (luxury golf villas), Aqua City (lakeside townships), Forest Trails (smart row villas), and SmartPark (Grade-A industrial estates). The portfolio covers the entire real estate spectrum from affordable housing to premium plotted developments and commercial complexes.

Differentiator

Problem solved

Functional benefit

Products and services

• Arvind SmartPark
• Arvind Everland
• Arvind Aqua City
• Arvind Uplands 3.0
• Arvind Uplands 2.0
• Arvind Rhythm of Life
• Arvind Fruits Of Life
• Arvind Uplands
• Arvind Forreste
• Arvind Highgrove
• Arvind Alcove
• Arvind Aavishkaar
• Arvind Citadel
• Arvind Parishkaar
• Arvind Megatrade
• Arvind Megaestate
• Arvind Megapark
• Arvind Skycrest
• Arvind The Park
• Arvind Orchards
• Arvind Forest Trails
• Arvind Greatlands
• Arvind Bel Air
• Arvind Oasis
• Arvind The Edge
• Arvind Sporcia
• Arvind Expansia
• Arvind Skylands
• Arvind Elan
• Arvind Greenfields

Quantifiable outcome

• Record annual bookings of Rs 15,500 million (22% YoY growth) and collections of Rs 11,000 million (17% YoY growth) for FY26
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Sigma Oxford RealtorscoreStrategic or Co-development Partner · 8 April 2026Partnership for residential high-rise redevelopment project in Goregaon West, Mumbai, with potential revenue of Rs 2,400 crore. Project includes redevelopment in Siddharth Nagar with 0.67 million sq ft saleable area, marking company's third housing project in Mumbai Metropolitan Region.
• BSafal GroupminorStrategic or Co-development PartnerJoint development effort for Parishkaar project - a residential development spread over 20 acres in the oldest suburb of Ahmedabad.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sobha Limited: Indian real estate developer with pan-India presence and strong Bengaluru focus, similar to Arvind. Comparable in product portfolio (residential apartments, villas, plotted developments), brand-led premium positioning, and reliance on in-house construction capabilities for quality control.
• Prestige Group (Prestige Estates Projects): Major Indian real estate developer with strong Bengaluru presence (overlap with Arvind's 11 Bengaluru projects) and pan-India residential/commercial portfolio. Comparable in product mix spanning apartments, villas, plotted developments, and commercial properties with similar target customer segments.
• Puravankara Limited: Indian real estate developer with pan-India presence across residential apartments, villas, and plotted developments. Comparable in customer segmentation (mid-income to premium residential), product diversity spanning affordable to luxury housing, and similar Tier-1/Tier-2 city presence including Bengaluru and Pune.
• Godrej Properties: One of India's largest listed residential real estate developers with pan-India presence across multiple cities. Directly comparable as a premium-focused developer with strong brand equity, RERA-compliant project portfolio, and institutional backing; notably, Godrej Properties' Executive Chairman personally invested in Arvind SmartSpaces signaling peer recognition.
• Mahindra Lifespace Developers: Listed Indian real estate developer (part of Mahindra Group) with residential and integrated township developments across multiple cities. Comparable as a brand-backed developer with similar product positioning in residential plotted developments, apartments, and integrated townships.
• Oberoi Realty: Mumbai-focused premium real estate developer competing for the same MMR redevelopment market where Arvind recently entered. Comparable in luxury/premium positioning, focus on high-rise residential and commercial developments, and RERA-compliant project execution.
• Brigade Enterprises: Bengaluru-headquartered real estate developer with significant South India presence. Comparable business model spanning residential apartments, villas, commercial office space, and plotted developments, with similar product positioning to Arvind's Bengaluru portfolio (Orchards, Greatlands, The Park).
• Macrotech Developers (Lodha): India's largest listed real estate developer and dominant player in Mumbai Metropolitan Region. Directly comparable to Arvind's Mumbai expansion ambitions (Santacruz, Goregaon West), competing for the same MMR redevelopment opportunity with vastly larger land bank and brand presence.

Broad incumbents

• Tata Realty and Infrastructure: Real estate arm of the Tata Group with integrated townships, residential, and commercial developments. Comparable as a brand-backed, diversified developer (similar to Arvind's Lalbhai Group affiliation) operating in adjacent Indian real estate markets.
• DLF Limited: India's largest real estate developer with dominant position across residential, commercial, and retail segments. Comparable as a broad incumbent in the same industry, though DLF's scale, land bank, and project diversity significantly exceed Arvind's, providing competitive context rather than direct niche overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Arvind_Infra

Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arvind Smartspaces