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Arvind SmartSpaces signs agreement for large horizontal multiuse project in MMR

24 Jan 2025 Evaluate

Arvind SmartSpaces has signed an agreement for a large horizontal multiuse project in Mumbai Metropolitan Region (MMR), with a total estimated area of around 92 acre and a top-line potential of around Rs 1,500 crore. This project is located near Khopoli, Mumbai 3.0 and is the company’s first project in the MMR region. The project is signed under joint development model (70.5% Revenue share) enabling low capital intensity and higher returns. 

Mumbai 3.0 is emerging as a prime destination for horizontal developments, including plots and villas, driven by transformative infrastructure projects like Atal Setu and JNPT Port that are reshaping the entire Mumbai Metropolitan Region. Further, the upcoming Navi Mumbai International Airport, Virar-Alibaug Multimodal Corridor, Mumbai-Pune-MTHL Interchange, and other critical infrastructure enhancements are set to significantly boost connectivity, linking Mumbai 3.0 to key economic hubs and reducing travel times.

The project is envisaged to be the first large-scale horizontal project in the vicinity with amenities likely to include a golf course and a large clubhouse. Contemporary horizontal development effectively addresses the desire for smart, secure, luxurious living while also fostering a sense of community. Key features of this development shall include a deep focus on design, modern amenities, uncrowded recreational facilities, premium customisations and vast green landscapes - all conforming to the buyers’ emerging need to pursue a superior lifestyle.

Arvind SmartSpaces is engaged in to the business of Construction and Real Estate.

Arvind Smartspaces Share Price

602.50 -2.75 (-0.45%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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