Arvind SmartSpaces adds South Ahmedabad project worth ~₹180 crore

Arvind SmartSpaces Limited has signed a new residential horizontal development project in South Ahmedabad with an estimated top-line potential of ~₹180 crore. The project, located on Kerala-Nalsarovar Road in Metal, spans 58.25 acre and offers a saleable area of 2.5 mn sq. ft. This Joint Development agreement marks the company's expansion into a micro-market driven by increasing demand for plotted developments and improving infrastructure connectivity.

South Ahmedabad has emerged as a promising market for plotted developments and weekend homes. The company aims to leverage robust infrastructure development and growing demand in the horizontal real estate segment. Arvind SmartSpaces has established benchmarks in the plotting and villa segments, positioning itself to capitalize on these opportunities.

Project Details

Metric:	Value:
Location:	Kerala-Nalsarovar Road, South Ahmedabad
Project Type:	Residential Horizontal Development
Land Area:	58.25 acre
Saleable Area:	2.5 mn sq. ft.
Estimated Top-line:	~₹180 crore
Development Model:	Joint Development

Company Overview

Arvind SmartSpaces is headquartered in Ahmedabad and was established in 2008. Built on the legacy of the Lalbhai Group, the company has a development portfolio of approximately 100.1 million square feet across the country. Its real estate developments are spread across Ahmedabad, Gandhinagar, Baroda, Bengaluru, MMR, and Pune.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.01%	+6.40%	+4.51%	+1.83%	-11.54%	+473.71%

Aura Securities Private Limited has disclosed its shareholding in Arvind SmartSpaces Limited, confirming that it along with persons acting in concert held 2,46,87,998 equity shares as on March 31, 2026. The promoter stated in a regulatory filing that no new encumbrances were created on these shares during the financial year 2025-26, other than those previously disclosed. This declaration was submitted to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing identifies Aura Securities Private Limited as a promoter of Arvind SmartSpaces Limited . The disclosure provides a comprehensive list of promoters and the promoter group, detailing 50 entities and individuals acting in concert. The list includes key individuals such as Sanjaybhai Shrenikbhai Lalbhai and Jayshreeben Sanjaybhai Lalbhai, as well as corporate entities like Arvind Limited and Arvind Fashions Limited.

Shareholding Details

The total shareholding reported by the promoter group encompasses both individual and corporate entities. The list of persons acting in concert includes various trusts, limited liability partnerships (LLPs), and private limited companies associated with the promoter group.

Promoter Group Composition

Sr. No.	Name of Promoter / PAC
1	Sanjaybhai Shrenikbhai Lalbhai
2	Jayshreeben Sanjaybhai Lalbhai
3	Punit Sanjaybhai
4	Kalpanaben Shripalbhai Morakhia
5	Kulin S Lalbhai
6	Lalbhai Poorva Punitbhai
7	Jaina Kulin Lalbhai
8	Ishaan Punit Lalbhai
9	Ruhani Punit Lalbhai
10	Ananyaa Kulin Lalbhai
11	Sanjaybhai Shrenikbhai Lalbhai, Trustee
12	Sunil Siddharth Lalbhai
13	Sunil Siddharth HUF
14	Swati S Lalbhai
15	Vimlaben S Lalbhai
16	Taral S Lalbhai
17	Astha Lalbhai
18	Aura Securities Private Limited
19	Aura Business Ventures LLP
20	Amplus Capital Advisors Pvt Ltd.
21	Advait Merchandise Private Limited
22	Anukul Investments Private Limited
23	Aura Merchandise Pvt. Ltd.
24	Lalbhai Realty Finance Private Limited
25	Kastur Bhai Lalbhai Museum (India) Private Limited
26	Aura Business Enterprise Private Limited
27	Aura Securities Pvt. Ltd, Partner of Aura Ventures Partnership
28	Arvind Limited
29	Arvind Fashions Limited
30	The Anup Engineering Limited
31	Style Audit LLP
32	J P Trunkshow LLP
33	Aayojan Resources Private Ltd
34	Aagam Agencies Private Limited
35	Adhinami Investment Pvt Ltd
36	Anusandhan Investments Limited
37	Akshita Holdings Pvt. Limited
38	Amal Limited
39	Atul Finserv Limited
40	Anchor Adhesives Private Limited
41	Atul Bioscience Limited
42	Atul Limited
43	Rudolf Atul Chemicals Limited
44	Aagam Holdings Private Limited
45	Aura Weaving Private Limited
46	Adhvesh Weaving Private Limited
47	Aroh Enterprise Private Limited
48	Swati Siddharth Lalbhai, Trustee of Siddharth Family Trust
49	Sanjaybhai Shrenikbhai Lalbhai, as representative trustee of discretionary trust
50	JP Style Venture LLP

The letter was signed by Devanshu Desai, Authorised Signatory of Aura Securities Private Limited, on April 07, 2026. A copy of the disclosure was also marked to the Audit Committee of Arvind SmartSpaces Limited.