Arvind SmartSpaces Targets ₹180 Crore Revenue from New Ahmedabad Project

Arvind SmartSpaces has announced a strategic move to bolster its residential portfolio through a new development project in Ahmedabad. By leveraging a joint development model, the realty firm aims to tap into the growing demand for housing in the South Ahmedabad corridor.

New Residential Venture in South Ahmedabad

In a recent regulatory filing, Arvind SmartSpaces revealed that it has entered into a joint development agreement with a landowner to launch a new residential horizontal development project. The project is strategically located on the Kerala-Nalsarovar Road in South Ahmedabad, a region seeing increasing interest from homebuyers.

While the company has not disclosed the identity of the landowner, it has provided a clear financial roadmap for the venture. The project is estimated to generate a top-line revenue of approximately ₹180 crore, marking a significant addition to the company's ongoing development pipeline in Gujarat.

Strategic Expansion and Portfolio Reach

This new venture reinforces Arvind SmartSpaces' deep-rooted presence in the Gujarat real estate market. Established in 2008, the company has built an extensive footprint, managing a massive portfolio of 100.1 million square feet of real estate development.

While Ahmedabad remains a core stronghold, the company's operational reach extends across several major Indian urban hubs, including Gandhinagar, Baroda, Bengaluru, Pune, and the Mumbai Metropolitan Region (MMR). The decision to pursue a joint development model in Ahmedabad allows the firm to expand its asset base while optimizing capital allocation.

Analyzing Recent Financial Performance

The announcement of this ₹180 crore revenue potential comes at a time when the company is navigating a period of fluctuating financial metrics. According to recent data, Arvind SmartSpaces experienced a decline in profitability during the 2025-26 fiscal year.

The company's profit stood at ₹96.44 crore, down from ₹110.49 crore in the preceding fiscal year. Similarly, total income saw a contraction, falling to ₹584.47 crore from the ₹736.11 crore reported in the previous year. In this context, the new Ahmedabad project represents a critical step toward stabilizing revenue streams and driving top-line growth in the upcoming quarters.

Key Takeaways