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HomeMarket NewsArvind SmartSpaces shares jump up to 10% after new Ahmedabad residential project
Arvind SmartSpaces' chairman and non-executive director Kulin Lalbhai told CNBC-TV18 last month that the firm is targeting a cumulative growth rate of 30% over a four-to-five-year period in the long term.
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Shares of Arvind Smartspaces Ltd. gained up to 10% on Tuesday, June 16, after the company said it signed a new residential horizontal development project on the Kerala-Nalsarovar Road in South Ahmedabad. The stock has given up most of its gains since then.
It said the joint development project with an estimated topline of ₹180 crore.
Arvind SmartSpaces MD and CEO Priyansh Kapoor said Ahmedabad continues to offer compelling growth opportunities in the horizontal real estate segment, driven by robust infrastructure development and growing demand for plotted developments.
"The company has established several benchmarks in the plotting and villa segments and is well-positioned to capitalise on the significant opportunities in this space," Kapoor added.
, the company said it plans to launch six new projects in the financial year 2027, the highest in the firm's history, after it expanded its portfolio over the last two years.
With over ₹3,000 crore in gross development value (GVA) added in the previous year, Arvind SmartSpaces is looking at growth to accelerate, guiding for nearly 35%-40% growth in FY27, while maintaining a sharp focus on profitability, cash flows and return ratios, the management said.
The company's chairman and non-executive director Kulin Lalbhai told CNBC-TV18 last month that the firm is targeting a cumulative growth rate of 30% over a four-to-five-year period in the long term.
Lalbhai said the company is also entering a heavier investment cycle. While capex is estimated to remain elevated, he said Arvind Smartspaces will maintain disciplined leverage, supported by operating cash flows and an asset-light development model.
After having surged as much as 10.5% to an intraday high of ₹656.7, the stock has cooled off from those levels and is now trading 3.7% higher at ₹617.1. With this move, the stock has also turned positive for 2026.
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