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Arvind SmartSpaces signs agreement for 92-acre realty project in Khopoli near Mumbai

Arvind SmartSpaces has agreed to a large-scale horizontal mixed-use realty project in the Mumbai Metropolitan Region (MMR), spanning an estimated 92 acres with a projected topline potential of ₹1,500 crore.

The project near Khopoli in the Mumbai 3.0 area marks the company’s first venture in the MMR region. It has been signed under a joint development model, with Arvind SmartSpaces receiving a 70.5% revenue share, ensuring low capital investment and higher returns.

Mumbai 3.0 is emerging as a key destination for horizontal developments, such as plots and villas, driven by transformative infrastructure projects like the Atal Setu bridge and JNPT Port, redefining the MMR landscape.

Additionally, the upcoming Navi Mumbai International Airport, the Virar-Alibaug Multimodal Corridor, the Mumbai-Pune-MTHL Interchange, and other major infrastructure upgrades will significantly improve connectivity, linking Mumbai 3.0 to major economic hubs and reducing travel times.

“We are optimistic about the large opportunity the MMR plotted and the villa market presents. Entering the Mumbai region reinforces our strategy of balanced geographic diversification across Gujarat, Karnataka, and Maharashtra. With this acquisition, the cumulative new business development topline potential stands at Rs 2,500 crore for the current year to date,” said Kamal Singal, MD & CEO of Arvind Smartspaces.

With this acquisition, the total topline potential for new business development in the current year has reached ₹2,500 crore. The company aims to expand further in the coming quarters by adding more realty projects in MMR and other target markets, including Ahmedabad and Bengaluru.

Arvind SmartSpaces is a prominent real estate development company with approximately 78 million square feet of projects across India. The company quickly became a leading corporate real estate player focused on delivering value-driven solutions. Its developments span cities such as Ahmedabad, Gandhinagar, Bengaluru, and Pune.

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