Arvind SmartSpaces Limited (ASL), a leading real estate developer, is making significant strides in its growth strategy with the launch of a new township project in Baroda and robust financial performance in the second quarter of fiscal year 2026.

Expansion into Baroda

ASL has recently entered the Baroda market with a large-scale township project valued at approximately ₹700 crore. This horizontal township development, spread across 98 acres, is structured as a joint development model with ASL securing a 68% revenue share. The move into Baroda represents a strategic expansion of ASL's geographical footprint, further solidifying its presence in Gujarat.

Strong Financial Performance in Q2 FY26

The company has reported impressive financial results for the quarter ended September 30, 2025:

• Bookings Value: ₹432 crore, up 147% quarter-on-quarter
• Collections: ₹236 crore, increased by 23% quarter-on-quarter
• Net Operating Cash Flows: ₹125 crore, showing a significant rise of 368% quarter-on-quarter and 4% year-on-year

Arvind Everland Project Success

A key highlight of the quarter was the launch of Arvind Everland, a residential plotted development in Mankol, Ahmedabad. The project witnessed exceptional market response, achieving sales bookings of 954 units amounting to ₹400 crore, representing 82% of the launched inventory.

Financial Highlights

Robust Development Pipeline

ASL maintains a strong development pipeline across key markets:

• Gujarat: Multiple projects including Aquacity and Arvind Everland
• Bangalore: Ongoing developments such as Forest Trails and The Park
• Mumbai Metropolitan Region (MMR): Recent entry into this market

The company's unrecognized revenue stands at ₹3,124 crore as of September 30, 2025, indicating a healthy project pipeline.

Management Commentary

Mr. Priyansh Kapoor, CEO and Whole Time Director of Arvind SmartSpaces, commented on the performance: "We have reported healthy operational performance for the first half of the year. The success of Arvind Everland reaffirms our strong brand equity and horizontal leadership in the Gujarat market. We continue to strengthen our geographic footprint across high potential micro markets of Gujarat."

He further added, "Our business development pipeline remains robust, and we are actively evaluating multiple opportunities across our core markets of Gujarat, Bangalore and MMR. Our balance sheet position remains strong despite expanding operations, with net debt remaining negative at ₹(32) crore as on Sep 30, 2025."

Future Outlook

ASL is poised for continued growth, leveraging multiple structural drivers in the real estate sector. The company aims to maintain a healthy pace of project additions and sustain its growth trajectory through FY26 and beyond, supported by a strong balance sheet, proven execution capabilities, and growing brand visibility.

As Arvind SmartSpaces continues to expand its footprint and launch successful projects, it remains well-positioned to capitalize on the growing demand in India's real estate market.

Arvind SmartSpaces , a prominent player in the Indian real estate sector, has reported significant growth in bookings and new project launches for the quarter ended September 30, 2025.

Key Financial Highlights for Q2 FY26

The company's bookings saw a substantial increase of 147% quarter-on-quarter, reaching ₹432.00 crores in Q2 FY26. Collections also improved, standing at ₹236.00 crores, up 23% QoQ.

Half-Year Performance

For the half year ended September 30, 2025:

• Bookings reached ₹607.00 crores
• Collections totaled ₹427.00 crores
• Revenue from operations was ₹242.00 crores

Financial Position

Arvind SmartSpaces maintains a negative net debt position of ₹(32.00) crores as of September 30, 2025, indicating a strong financial standing.

New Project Launches and Expansions

Arvind Everland at Mankol, Sanand

• Achieved sales bookings of 954 units
• Worth ₹400.00 crores during the quarter
• Represents 82% of launched inventory

Vadodara Entry

• Launched a ₹700.00 crore horizontal township project
• Spread over 98 acres
• Joint development model with 68% revenue share

Market Implications

The significant growth in bookings and successful project launches suggest a strong performance by Arvind SmartSpaces. This positive performance in Q2 FY26 indicates the company's expansion strategy is yielding results.

Looking Ahead

As Arvind SmartSpaces continues to expand its project portfolio and enter new markets, stakeholders will be watching closely for sustained growth in bookings and collections. The company's ability to maintain its strong financial position while pursuing expansion will be crucial for its long-term success in the competitive real estate market.

The real estate sector's overall health and any regulatory changes will continue to play a significant role in shaping Arvind SmartSpaces' performance in the coming quarters.