Arvind SmartSpaces Unveils New High-Rise Residential Project on ITPL Road, Whitefield – A ₹600 Crore Development
Arvind SmartSpaces Limited (ASL), a prominent player in India’s real estate sector, recently announced an exciting new residential project on ITPL Road in Bengaluru. This development is significant, with a projected saleable area of approximately 4.2 lakh square feet and an estimated top-line potential of around ₹600 crore. The project, which is set on a 2.9-acre site, marks ASL’s twelfth overall and eighth high-rise project in the bustling city of Bengaluru, known for its thriving residential market.
The location of this new project is particularly advantageous. ITPL Road, situated near Whitefield, is recognized as one of Bengaluru’s most established residential micro-markets. It boasts excellent connectivity, thanks to its proximity to a metro station and easy access to the IT/ITES hub in Whitefield, home to numerous tech companies and business parks. The area is well-equipped with essential social infrastructure, including schools, hospitals, and shopping centers, making it an attractive option for potential homeowners. Notably, popular destinations like Phoenix Marketcity and Forum Shantiniketan are just a stone’s throw away, enhancing the area’s appeal further.
Kamal Singal, the Managing Director and CEO of Arvind SmartSpaces, expressed optimism about this new addition to their portfolio. He highlighted that this project strengthens ASL’s vertical development strategy in one of India’s largest residential markets. The brand “Arvind” has gained significant recognition among homebuyers and landowners alike, which bodes well for the company’s future endeavors in Bengaluru.
With this new project, ASL’s cumulative topline potential for new business development this year reaches approximately ₹1,010 crore. This reflects a robust outlook for the real estate market in India as ASL continues to pursue its business plan of expanding its project offerings across key cities like Ahmedabad, Bengaluru, and the Mumbai Metropolitan Region (MMR).
Founded in 2008 as part of the Lalbhai Group’s legacy that spans over 120 years, Arvind SmartSpaces has emerged as a leading real estate development company in India. With approximately 78 million square feet of real estate projects completed across various cities including Ahmedabad, Gandhinagar, Bangalore, and Pune, ASL is committed to delivering high-quality real estate solutions that enhance the lives of its customers.
The company’s reputation is built on its ability to deliver projects that not only meet market demands but also provide value to all stakeholders involved. As they embark on this new venture on ITPL Road, ASL aims to continue its growth trajectory and solidify its position as a key player in India’s real estate landscape.
In summary, Arvind SmartSpaces’ latest project on ITPL Road represents a strategic move into one of Bengaluru’s most sought-after areas. With strong market fundamentals supporting this development and a commitment to quality and customer satisfaction, ASL is poised for continued success in the competitive real estate sector. This project not only highlights the company’s growth ambitions but also reflects the ongoing demand for residential spaces in well-connected urban locales across India.
