Arvind SmartSpaces Shares Gain Nearly 2% After ₹700 Crore Vadodara Project Announcement

Ahmedabad, October 29, 2025: The share price of Arvind SmartSpaces Ltd (NSE: ARVSMART, BSE: 539301) increased 1.39% to ₹634 at 1:45 PM on Wednesday, after the company made an announcement of its entry in Vadodara with a ₹700 crore horizontal development.

Established in 2008, Arvind SmartSpaces is part of the Lalbhai Group, with a portfolio spanning 108 million sq. ft. of developments across Ahmedabad, Gandhinagar, Bengaluru, MMR, Pune, and now Vadodara. The company specializes in residential and commercial projects driven by innovation, sustainability, and smart urban design.

New Project in Vadodara

Arvind SmartSpaces has announced its entry into Vadodara with a large-scale joint development project strategically located on Ajwa Road. Marking its 23rd project in Gujarat, the venture is expected to generate a topline of ₹700 crore. It will feature premium horizontal luxury housing, incorporating smart designs and future-ready amenities.

“We are thrilled to enter a new city and begin operations in the lively and emerging residential market of Vadodara. It fits perfectly in line with our strategy of developing in high-potential markets to strengthen our presence in the state”, said Priyansh Kapoor, CEO and Whole Time Director, Arvind SmartSpaces.

The company gave indications that new projects would also be commenced during the remaining period of FY26 in Gujarat, Bengaluru and the Mumbai Metropolitan Region (MMR).

Share Price Update

As of 1:45 PM, the share price of Arvind SmartSpaces was trading at ₹634.05, a 1.39% gain on Wednesday. Shares of Arvind SmartSpaces Ltd opened at ₹627.00 and hit a high of ₹647.00, with a low of ₹620.30 during the trading session. The company’s market capitalization stands at ₹2,910 crore, and is trading at a P/E ratio of 24.60. The stock offers a dividend yield of 0.95%, with a quarterly dividend amount of ₹1.51 per share. Over the past year, the stock has recorded a 52-week high of ₹1,025.00 and a 52-week low of ₹580.20.

REF: https://nsearchives.nseindia.com/corporate/539301_29102025112007_MediaRelease29102025.pdf

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