Arvind SmartSpaces Limited has received disclosure from HDFC Capital Affordable Real Estate Fund-1 regarding a significant reduction in its shareholding. The fund, operating through trustee Vistra ITCL (India) Limited, has disposed of a substantial portion of its equity stake in the real estate company.

Shareholding Reduction Details

The disclosure filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reveals the following transaction details:

Transaction Specifics

HDFC Capital Affordable Real Estate Fund-1 sold 12,73,530 equity shares through open market transactions. The disposal occurred on two specific dates:

• February 24, 2026
• March 9, 2026

The fund is a Category II alternative investment fund registered with SEBI and does not belong to the promoter or promoter group of Arvind SmartSpaces.

Company Capital Structure

The company's capital structure remained unchanged following these transactions:

Regulatory Compliance

Vistra ITCL (India) Limited, serving as trustee for HCARE-1, filed the mandatory disclosure with both BSE Limited and National Stock Exchange of India Limited on March 10, 2026. The disclosure was signed by authorized signatory Sameer Bharat Sheth and submitted electronically to ensure compliance with SEBI regulations.

The shares of Arvind SmartSpaces continue to be listed on both major Indian stock exchanges - BSE (Scrip Code: 539301) and NSE (Symbol: ARVSMART). This transaction represents a significant portfolio adjustment by the institutional investor while maintaining transparency through proper regulatory disclosures.

Arvind SmartSpaces Limited has launched a new residential high-rise project in Whitefield, Bengaluru, marking another significant expansion in the city's premium real estate market. The project carries an estimated revenue potential of ₹330 crore and spans across 2.08 acres with a total saleable area of 2.5 lakh sq. ft.

Project Details and Strategic Location

The newly launched project is strategically located in the Nagondanahalli area of Whitefield, Bengaluru, and has been acquired on an outright basis. This marks the company's third high-rise project addition in Bengaluru for FY26, following the Sarjapur Road high-rise project signed in February 2026.

Bengaluru Portfolio Expansion

This launch represents Arvind SmartSpaces' 11th high-rise project in Bengaluru, reinforcing the company's strong presence in the city's real estate market. The company entered the Bengaluru market in 2013 and has since developed a substantial portfolio across the region.

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 robust social infrastructure.

Financial Impact and Business Development

The project launch significantly contributes to Arvind SmartSpaces' business development targets for FY26. With this addition, the company's cumulative new business development topline potential for the year has reached ₹2,840 crore.

Management Commentary

Mr. Priyansh Kapoor, Managing Director and CEO of Arvind SmartSpaces, highlighted the strong momentum in the company's vertical development portfolio. He emphasized that FY26 continues to be a robust year for the company's high-rise projects and noted the strong resonance of the 'Arvind' brand with both homebuyers and landowners. The company plans to continue adding new projects across Ahmedabad, Bengaluru, and the Mumbai Metropolitan Region (MMR).

Company Background

Arvind SmartSpaces, established in 2008, operates under the 128+ years legacy of the Lalbhai Group. The company has developed 110.7 million square feet of real estate across India, with operations spanning Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune.