Page 7 - Arvind 2024

Background
Arvind SmartSpaces is a prominent real estate development company in India, headquartered in Ahmedabad. Founded in
2008, it is the real estate arm of the Lalbhai Group. With over 75 Mn square feet in total projects portfolio across the country, the Company is committed to provide real estate solutions that enhance the quality of life for its customers. Arvind SmartSpaces is rapidly emerging as a major player in the corporate real estate sector in India.
Our presence
Arvind SmartSpaces is a prominent player in the Indian
real estate sector, operating in four major markets: Ahmedabad, Bangalore, Pune and Surat. The Company comprises a diverse portfolio that spans key real estate segments, including residential, industrial, commercial, and hospitality. With 21 projects at various stages of development, Arvind SmartSpaces offers a wide range of real estate solutions,
such as residential villa townships, apartment complexes, plotted developments, commercial complexes, and industrial parks.
Brand value
The ‘Arvind’ brand enjoys a strong presence across India, backed
by the Lalbhai Group’s 120-year- plus legacy. As a USD 2.0-plus
Bn conglomerate managed by professionals, the Arvind Group
is synonymous with values, reputation, governance and corporate social responsibility. The Group’s diverse business portfolio includes textiles and clothing, branded apparel, technical textiles, water stewardship, omni-channel retail, telecommunications and heavy engineering.
Arvind SmartSpaces has built on this legacy by establishing value-accretive partnerships with landowners and vendors, strong bonds with customers and shareholders, and enduring
relationships with contractors and investors.
Credit rating
India Ratings and Research (Ind-Ra) upgraded Arvind SmartSpaces’ long-term issuer rating from IND A+/Positive to IND A+/Stable. This enhancement reflects the Company’s improved credit indicators, strong operating performance, and reduced reliance on debt.
Project classification
(ongoing and planned) March 2024
The equity shares of Arvind SmartSpaces are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The Company was valued at Rs. 3,161.9 Cr as on March 31, 2024.
Platform Partnership
Arvind SmartSpaces Limited and HDFC Capital Advisors entered into a partnership, creating a Rs. 900 Cr residential development platform with a revenue potential of between Rs. 4,000 and Rs. 5,000 Cr.
COMMERCIAL/ INDUSTRIAL
Corporate Overview
Statutory Reports Financial Statements
Listing
98%
RESIDENTIAL
2%
HORIZONTAL
80%
Human capital
As of March 31, 2024, the Company comprised a talented workforce of 400 employees. The Company’s focus on hiring highly talented individuals and providing them with an enabling environment and necessary
skill augmentation ensured the creation of a strong, empowered and future-ready workforce capable of successfully delivering the ambitions of the Company.
Offerings
Arvind SmartSpaces delivers distinctive, customer-centric residential solutions that combine comfort, convenience, practicality and luxury. With a diversified product portfolio that includes horizontal offerings such as plots and villas, vertical options like luxury and mid-income residential housing and world class mixed- use and township developments, Arvind SmartSpaces addresses wide customer preferences.
20%
VERTICAL
LUXURY
14%
MID-MARKET
81%
AFFORDABLE
5%
Annual Report 2023-24 | 5