Arvind SmartSpaces shares rally 11% as bookings cross Rs 500 crore in Bengaluru project

Arvind SmartSpaces shares experienced an 11% increase, reaching Rs 651.95 after the real estate developer reported exceptional demand for its newest premium residential project, Arvind Sylva – The Green Reserve, in Bengaluru. The company disclosed that bookings for the project reached Rs 500 crore within three months of its opening, indicating around 60% inventory absorption by value.

Acquired outright in February 2026, the project boasts an estimated total potential of Rs 860 crore. Situated on Sarjapur Road, a key residential and commercial corridor in Bengaluru, Arvind Sylva provides links to key employment centers such as the Outer Ring Road, Electronic City, and Whitefield. Covering 4.7 acres, the development features approximately 375 upscale residences and has been crafted with a nature-oriented design.

Over 70% of the project will consist of open spaces, including over 1,000 plant species, a 15,000+ sq ft clubhouse, and over 40 lifestyle amenities. Arvind SmartSpaces Managing Director & CEO, Priyansh Kapoor, noted that the project is the firm's largest development to date, with the booking response validating their market selection and venture into the premium high-rise segment.

The company, a part of the Lalbhai Group, maintains a real estate portfolio of approximately 100.1 million sq ft across India, with operations in multiple markets. Launched in 2008, Arvind SmartSpaces is headquartered in Ahmedabad. Shares of Arvind SmartSpaces rose around 18% over the previous week, demonstrating robust momentum.

The firm's market capitalization is approximately Rs 2,705 crore, with a 52-week high of Rs 707.85. On the valuation side, the stock trades at a price-to-earnings (P/E) ratio of 14.3 and a price-to-book (P/B) ratio of 2.94. Technical analysis indicates that Arvind SmartSpaces is trading above all eight key simple moving averages (SMAs), reflecting strong price momentum.