Bengaluru, December 01, 2025: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies, part of the Lalbhai group, today announced that it has acquired a new residential high-rise project in Vastrapur, Ahmedabad with a total estimated saleable area of ~3.6 lakh sq. ft. and a top-line potential of ~Rs. 400 crore. The project is acquired on an outright basis. This strategic addition marks a significant milestone in ASL’s growth journey and reinforces its commitment to delivering premium residential high-rise projects in high-potential markets.

This would be ASL’s 24^th project in Gujarat. Vastrapur is one of the most established premium residential micro markets in West Ahmedabad. The site benefits from well-developed social and civic infrastructure, offers excellent connectivity to major parts of the city, proximity to metro corridors, educational institutions, healthcare facilities, and vibrant lifestyle hubs. The area offers quick access to business hubs like Navratna Business Park and Pinnacle Business Park, as well as popular hotspots such as the IIM Ahmedabad, Vastrapur Lake Garden and Nexus Ahmedabad One Mall, making it a highly desirable location for residential development.

Commenting on this development, Mr. Priyansh Kapoor, CEO and Whole Time Director, Arvind SmartSpaces said: “Our diversification initiatives addressing both horizontal and vertical developments across our core geographies are progressing well. We are delighted to announce a premium residential apartments project after over a decade in Ahmedabad. Vastrapur is one of Ahmedabad’s most promising micro-markets for premium residential apartments, and this acquisition will expand the company’s presence in West Ahmedabad.

The optimism in the premium residential market remains strong and we look forward to adding new projects across Gujarat, Bengaluru and MMR during the remainder of the year.”

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Bengaluru, July 22^nd 2025

Induction of Priyansh Kapoor is a part of ASL’s thoughtfully crafted succession planning strategy, aimed at further accelerating the growth of the Real Estate Business. Arvind SmartSpaces will continue to focus on nurturing high- potential talent, strengthening the leadership pipeline across levels and deepening its presence across its key markets. This is a significant step towards building an agile and future-ready organisation in line with company’s bold ambition of emerging as a Real Estate Powerhouse.

Priyansh Kapoor brings with him over 15 years of rich experience in the real estate sector. In his most recent role as CEO for the Mumbai Metropolitan Region (MMR) – Zone at Godrej Properties Ltd, he successfully managed a business portfolio with annual booking value exceeding INR 8,000 crore. Kamal Singal, MD & CEO said “Starting the real estate business at Arvind limited and serving as the MD & CEO of ASL over the past more than 15 years has been among the most fulfilling chapters of my 25 years journey at Arvind. ASL is poised for a promising future, and I look forward with enthusiasm to the next phase of my role to contribute to build the team and help the Management team to achieve even greater goals in the organisation’s journey. I also take this opportunity to welcome Priyansh to ASL and extend my full support to him in his new role.”

Kulin Lalbhai, Vice Chairman and Non-Executive Director, Arvind SmartSpaces Limited said, “Under Kamal’s leadership, ASL has grown from strength to strength. We have executed a large number of projects, ventured to new territories and created a strong foothold in new locations which has put ASL on India’s real estate map and a company to reckon with. Kamal has been instrumental in leading the business to this stage and we are extremely grateful to him for his contributions. I am happy that ASL will continue to benefit from his experience and knowledge. I am delighted to welcome Priyansh and am confident that with his vast experience and deep understanding of the real estate business he will be able to build on the foundation that has been set and will further scale the company to the next orbit in the coming years.”

Commenting on his appointment, Priyansh Kapoor said, “I am truly grateful to Kulin, Mr Sanjay Lalbhai, and the Board of ASL for entrusting me with this opportunity and responsibility. It is an exciting moment to lead ASL into its next phase of growth. Thanks to Kamal and the team, I inherit a solid foundation on which to build. ASL is now well-positioned to harness the full potential of its execution capabilities, a robust portfolio across key geographies, and the enduring strength of the group’s brand and legacy. I look forward to partnering with the exceptional team at ASL to scale new heights and shape a bold, future-ready and talent centric organization.”

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This Joint development project on NH47, Bavla-Bagodara Road is envisaged to be one of the largest industrial parks in Gujarat

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Bengaluru, 10th October 2024: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development company announced bookings of over Rs. 500 Cr at Arvind Aqua City, its largest township development to date, launched towards the end of September. Including the selective pilot phase of Rs. 93 Cr in Q1, Arvind Aqua City has achieved total bookings of Rs. 600 Cr.

The township project boasts several first-of-its-kind features, including India’s largest private man-made lake spanning 33 acres, three manmade islands, and other thoughtful amenities, making it a standout in the Indian real estate market.

Located 30 km from Ahmedabad near Kalyangadh on the Ahmedabad-Rajkot Highway, Aqua City offers a mix of plots and villas. Key features include an 18-hole golf course spread across 38 acre, a grand 50,000 sq .ft lakeside clubhouse, over 50 world-class amenities and a series of 11 temples mimicking  by the Kashi Ghat, including a Jain Derasar, within the development.

Commenting on the launch performance, Mr. Kamal Singal, Managing Director & CEO of Arvind SmartSpaces, said, “We are thrilled to create yet another milestone in the Ahmedabad market.  This landmark township, our biggest yet, is a reflection of our strategic vision to create designed to inspire spaces that balance unmatched lifestyle offerings and asset value creation. The market is ready for developments that go beyond traditional real estate, and we see immense potential for growth in this segment. Brand ‘Arvind’ continues to resonate strongly with homebuyers and we look forward to sustain our bookings momentum throughout the remainder of the year.”

Premium horizontal developments, by nature spacious and sprawling, have emerged as an ideal choice for weekend homes, primary residences, and urban investment opportunities. This township is envisioned to significantly shape the region’s real estate landscape. It offers excellent connectivity to key urban centers while providing a tranquil retreat from the city. Its strategic location ensures easy access to major road networks, making it ideal for both weekend getaways and permanent residences.

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Bangalore, October 9, 2024: Arvind SmartSpaces Limited (ASL), one of India’s leading real estate development companies, part of the Lalbhai group, today announced that it has signed a new residential apartment project in Bengaluru, with a total estimated saleable area of ~4.2 lakh sq. ft. and a top-line potential of ~Rs. 600 Cr. This project is located on ITPL road, near Whitefield, Bengaluru. The project is undertaken on joint development basis.

This addition follows the acquisition of the Bannerghatta high-rise project signed in FY24. This would be ASL’s 12th overall and 8thhigh rise project in Bengaluru. ITPL Main Road, near Whitefield is one of the most established residential micro markets in Bengaluru. It boasts excellent connectivity with a metro station nearby and seamless access to the IT/ITES hub in Whitefield, which is home to numerous IT companies and tech parks. The site benefits from well-developed social and civic infrastructure, including prominent schools, hospitals, retail, residential, and commercial spaces in close proximity. Additionally, the area offers quick access to popular hotspots such as the Phoenix Marketcity, Forum Shantiniketan, Inorbit Mall, and the Whitefield Railway Station, making it a highly desirable location for residential development.

Commenting on this development, Mr. Kamal Singal, Managing Director and CEO, Arvind SmartSpaces said, “We are happy to add another high-rise project in Bangalore, strengthening our vertical development portfolio in one of India’s largest residential real estate markets. Brand ‘Arvind’ continues to resonate strongly with homebuyers and landowners alike, as we look to further deepen our presence in the Bangalore market.

With this project addition, our cumulative new business development topline potential for the year stands at ~Rs. 1,010 crore. The optimism in the real estate market remains strong and we are well on track to conclude our ongoing business plan of adding new projects across Ahmedabad, Bengaluru and MMR.”

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