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The shares were sold by HDFC Capital Affordable Real Estate Fund-1, which offloaded the same number of shares at the same price.
As of December 2025, HDFC Capital Affordable Real Estate Fund-1 held an 8.79% stake in Arvind SmartSpaces, equivalent to 40,32,200 shares. The name of Pirojsha Adi Godrej did not appear in the company’s December quarter shareholding pattern.
According to BSE shareholding data, the total public shareholding in Arvind SmartSpaces stood at 50.18% as of December 2025.
Arvind SmartSpaces is an Ahmedabad-based real estate developer with around 110 million square feet of projects across India. The company has developments in Ahmedabad, Gandhinagar, Bengaluru, Mumbai Metropolitan Region and Pune, and operates under the Arvind Group brand.
On a consolidated basis, net profit of Arvind SmartSpaces declined 39.76% to Rs 28.76 crore while net sales declined 20.83% to Rs 166.39 crore in Q3 December 2025 over Q3 December 2024.
The company said the project, located in the Nallurahalli area, has been acquired on an outright basis and follows its ITPL Road high-rise project acquisition in FY25.
Whitefield continues to attract strong demand from professionals and families seeking premium living spaces, driven by its proximity to major IT parks, global corporations, and social infrastructure.
Arvind SmartSpaces said this would be its ninth high-rise project in Bengaluru. Since entering the city in 2013, it has launched 13 projects, with six delivered and seven at various stages of development or pre-launch.
Arvind SmartSpaces (ASSL) is the real estate arm of Lalbhai group (flagship company - Arvind). ASSL is primarily focused on the development of residential projects. It also undertakes commercial and industrial projects on a selective basis.
The company’s consolidated net profit fell 65.2% to Rs 14.18 crore on 47.1% decline in net sales to Rs 140.51 crore in Q2 FY26 over Q2 FY25.
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 West 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.”
The counter added 2.90% to end at Rs 592.95 on the BSE.