Arvind Smartspaces

Arvind SmartSpaces surges 3% on bookings worth Rs 500 cr for Aqua City

Shares of Arvind SmartSpaces jumped up to 3 per cent at Rs 865 per share on the BSE in Thursday's intraday trade

Arvind SmartSpaces to develop Rs 600 cr worth housing project in Bengaluru

Realty firm Arvind SmartSpaces Ltd will jointly develop a housing project in Bengaluru with a revenue potential of Rs 600 crore. In a regulatory filing, the company said it "has signed a new residential apartment project in Bengaluru, with a total estimated saleable area of around 4.2 lakh square feet and a top-line potential of around Rs 600 crore." This project is located on ITPL road, near Whitefield, Bengaluru. The project is undertaken on a joint development basis. This would be the company's 12th overall and eighth high-rise project in Bengaluru. "Brand 'Arvind' continues to resonate strongly with homebuyers and landowners alike, as we look to further deepen our presence in the Bangalore market," Kamal Singal, Managing Director and CEO of Arvind SmartSpaces, said. "With this project addition, our cumulative new business development topline potential for the year stands at Rs 1,010 crore," he added. Built on around 120-year-old legacy of the Lalbhai Group and established in

Arvind SmartSpaces Q4 results: Net Profit rises 67% to Rs 15 crore

Realty firm Arvind SmartSpaces Ltd on Monday reported 67 per cent increase in net profit to Rs 15.49 crore for the quarter ended March on higher income. Its net profit stood at Rs 9.30 crore in the year-ago period. Total income rose to Rs 120.10 crore in the quarter from Rs 94.37 crore a year ago. During 2023-24 fiscal year, the company's net profit increased to Rs 41.57 crore from Rs 25.60 crore in the preceding year. Total income went up to Rs 350.87 crore from Rs 263.25 crore in 2022-23. On operational front, the company's sale bookings rose 38 per cent to Rs 1,107 crore in 2023-24 from Rs 802 crore in the previous year. "FY24 has been a landmark year of the company with milestones achieved across bookings, collections and business development. The company has recorded the highest ever annual bookings of Rs 1,107 crore, a growth of 38 per cent year-on-year (YoY)," Kamal Singal, Managing Director and CEO, Arvind SmartSpaces said. He said the company acquired new projects with

Arvind SmartSpaces sells 220 residential plots in Bengaluru for Rs 160 cr

Realty firm Arvind SmartSpaces Ltd on Monday said it has sold over 220 units in a residential plotted development project in Bengaluru for more than Rs 160 crore. In a regulatory filing, the company informed that "it has sold out the entire inventory released for sale in the 1st phase of its residential plotted development project, Arvind Orchards in Devanahalli, Bengaluru, within 7 hours of launch." "It consisted of more than 220 units valued at over Rs 160 crore. The project is housed under HDFC Platform 2," the company said. Built on around 120-year old legacy of the Lalbhai Group, and established in 2008, Ahmedabad-based Arvind SmartSpaces is one of the leading real estate firms in the country.

Arvind SmartSpaces net profit slips 33% to Rs 9.3 crore in Q4 FY23

Realty firm Arvind SmartSpaces Ltd on Friday reported a 33 per cent decline in its consolidated net profit at Rs 9.3 crore for the quarter ended March 2023. It had reported a net profit of Rs 13.95 crore in the year-ago period. The total income fell to Rs 94.37 crore in the fourth quarter of the last fiscal from Rs 163.62 crore in the year-ago period, according to a regulatory filing. Net profit rose to Rs 25.60 crore in 2022-23 from Rs 25.05 crore. The total income increased to Rs 263.25 crore last fiscal from Rs 264.42 crore in the preceding fiscal. On the operational performance, the company's sales bookings grew 33 per cent year-on-year to Rs 802 crore from Rs 601 crore.

Arvind SmartSpaces hits new high in a weak market, rises 105% in 6 months

ASSL has completed 3.8 million sf of projects, while 14.9 million sf projects are under construction and around 6.6 million sf projects are under pipeline

Arvind SmartSpaces eyes nearly 50% real estate sales on digital platform

Industry average among organised real estate currently at 30%

Arvind SmartSpaces raises Rs 85 crore through H-CARE 1

The Board of Directors of approved the allotment of 6.85 million equity share aggregating to about Rs 85 crore to H-CARE 1 and the promoters of ASL at the price of Rs 124/sh

Arvind SmartSpaces raises Rs 85 crore to pursue value accretive projects

Raises funds from HDFC Capital Affordable Real Estate Fund-1

Arvind SmartSpaces Q3 net takes 75% hit on Covid-induced disruption

The firm's consolidated total revenue dipped 53% to Rs 45 cr

Arvind SmartSpaces reports 118% jump in Q3 PBT at Rs 33.11 crore

The company's consolidated total revenue grew by 21.46 per cent to Rs 94.54 crore for Q3 of FY'20, up from Rs 77.83 crore during the same period of the last financial year

Arvind SmartSpaces plans expansion, eyes Mumbai and Hyderabad markets

While it has not laid out a strict timeline, ASL could soon join the bandwagon of regional real estate players such as Bengaluru-based Prestige Group, Ozone Group and Purvankara Projects

Arvind SmartSpaces forays into Maharashtra with Pune property launch

Titled 'Arvind Elan', the project is spread over a total built-up area of 140,000 sq ft across two acres of land