Arvind SmartSpaces Strengthens Bengaluru Portfolio with Strategic Whitefield Acquisition

Executive Summary Arvind SmartSpaces Ltd (ASL) has announced the outright acquisition of a new prime residential land parcel in the Nallurahalli area of Whitefield, Bengaluru. This strategic move reinforces the company’s foothold in one of India’s most dynamic real estate micro-markets and aligns with its objective to scale its high-rise vertical development portfolio. [Map of Nallurahalli Whitefield Bengaluru location] Key Transaction Highlights Project Potential: The development holds an estimated topline revenue potential of ₹550 crore. Scale: The project encompasses an estimated saleable area of approximately 4.6 lakh square feet. Acquisition Structure: The land was acquired on an outright basis, signaling strong liquidity and balance sheet confidence. Strategic Rationale & Portfolio Impact Micro-Market Consolidation: This marks ASL's second strategic acquisition in Whitefield for FY25 (following the ITPL Road project), capitalizing on the area's robust demand driven by proximity to major IT parks and global corporations. Regional Growth: This is ASL’s 9th high-rise project in Bengaluru. Since entering the region in 2013, the company has expanded its footprint to 13 projects (6 delivered, 7 in development/pre-launch). Management Outlook: Mr. Priyansh Kapoor, CEO, highlighted that the acquisition is consistent with ASL’s vision to deliver premium assets in high-demand locations to ensure sustained value creation for shareholders. Market Context Location: Whitefield continues to serve as a premier commercial and residential hub with established social infrastructure, ensuring steady demand from professionals. Stock Performance: On the day of the announcement (Dec 15, 2025), ASL shares closed at ₹585 on the BSE, reflecting a correction of 1.78% amidst broader market movements.