Arvind SmartSpaces’ Whitefield Project Analyzed

Arvind SmartSpaces has boosted its potential sales by 2%, adding a new high-rise project in Whitefield, Bengaluru. This project covers about 4.6 lakh square feet and could generate around Rs 550 crore in sales. Whitefield is a popular area for people wanting luxury homes, thanks to its closeness to major tech companies and good amenities.

Key Points

• New Whitefield project adds 2% to Arvind SmartSpaces sales potential.
• 4.6 lakh sq ft area promises approximately Rs 550 crore in revenue.
• Whitefield’s location drives strong demand for premium residential properties.
• This is Arvind SmartSpaces’ ninth high-rise project in Bengaluru.
• Company has delivered 6 projects since 2013 with 7 ongoing.
• Lalbhai Group’s real estate arm focuses on residential developments.

Arvind SmartSpaces has been working in Bengaluru since 2013. They’ve already built 6 high-rise apartments and have 7 more in progress or planned. This new Whitefield project is their ninth in the city.

The company’s financial results show a decrease in profit. Net profit dropped by 65.2% to Rs 14.18 crore, and net sales fell by 47.1% to Rs 140.51 crore compared to the previous year’s second quarter.

Arvind SmartSpaces is part of the larger Lalbhai Group, which has been involved in textiles and manufacturing. The company mainly focuses on building residential buildings but also does some commercial and industrial projects when they can.

Real estate investments represent a crucial component of long-term financial growth strategies.