Arvind SmartSpaces Acquires Rs. 330 Cr Whitefield Residential Project

Arvind SmartSpaces Limited, a listed real estate developer, has acquired a residential high-rise project in Whitefield, Bengaluru, with an estimated topline potential of approximately ₹330 crore.

The project spans 2.08 acres in the Nagondanahalli area and offers a total saleable area of around 2.5 lakh square feet, the company stated in a regulatory filing dated March 10.

This acquisition will mark Arvind SmartSpaces’ 11th high-rise development in Bengaluru, reinforcing the company’s footprint in the city.

Key Highlights

• Arvind SmartSpaces acquires a ₹330 crore Whitefield residential project
• Project spans 2.08 acres with 2.5 lakh sq ft saleable area
• Marks the company’s 11th high-rise development in Bengaluru

The acquisition was made outright and follows a recent high-rise project the company signed on Sarjapur Road in February 2026.

Also Read: Arvind SmartSpaces Buys Vastrapur Project for Rs. 400 Crore

Whitefield’s appeal stems from its proximity to major IT parks, multinational companies, and expanding social infrastructure, making it a strategic location for residential development. The new project complements Arvind SmartSpaces’ Bengaluru portfolio, which includes 15 projects since entering the market in 2013, of which six have been delivered and nine are currently under development.

"The company has been actively strengthening its high-rise residential portfolio this financial year. With this project addition, our cumulative new business development topline potential for the year stands at about ₹2,840 crore, with the three new Bengaluru additions totalling ₹1,740 crore. "Brand ‘Arvind’ continues to resonate strongly with homebuyers and landowners alike, and we look forward to adding new projects across Ahmedabad, Bengaluru and MMR,” said Priyansh Kapoor, Managing Director and CEO of ArvindSmartSpaces.

In 2024, the company announced another project in East Bengaluru on ITPL Road, near Whitefield, with a total saleable area of 4.2 lakh square feet and an estimated topline potential of ₹600 crore on a joint development basis.

Also Read: Arvind SmartSpaces - Q2 & H1 FY26 Financial Results

The acquisition highlights Arvind SmartSpaces’ continued expansion strategy in Bengaluru, targeting high-demand residential micro-markets like Whitefield, which are well-served by tech-driven employment hubs and social amenities.

Statistics, Data, and Insights

Statistics & Data:

• Project area: 2.08 acres, saleable area: 2.5 lakh sq ft.
• Topline potential: ₹330 crore.
• Bengaluru portfolio: 15 projects since 2013, 6 delivered, 9 under development.
• Previous project (ITPL Road, 2024): 4.2 lakh sq ft, ₹600 crore potential.
• Sarjapur Road project (Feb 2026): latest addition prior to Whitefield acquisition.

Additional Context:

• Whitefield is part of Bengaluru’s IT corridor, hosting offices of companies like Intel, IBM, Accenture, and Oracle, which boosts demand for residential real estate.
• Market analysts estimate Whitefield residential prices have grown 6–8% YoY, reflecting sustained investor confidence in the micro-market.
• The move strengthens Arvind SmartSpaces’ position in Bengaluru’s luxury high-rise segment, complementing ongoing developments in Sarjapur and East Bengaluru.