Real estate player Arvind SmartSpaces eyes Mumbai & Hyderabad markets for expansion

After Bengaluru and Pune, real estate player Arvind SmartSpaces (ASL), part of the Lalbhai family-led Arvind Group, is planning to expand to Mumbai and Hyderabad markets.

The Ahmedabad-based company could soon join the bandwagon of regional real estate players like Bengaluru-based Prestige Group, Ozone Group and Purvankara Projects.

Kamal Singal, Managing Director and Chief Executive Officer, ASL, said, “Ahead of its Mumbai foray, ASL is consolidating its presence in Ahmedabad, Bengaluru and Pune alike.”

ASL launched its first project in Pune in January 2019. The firm is further executing seven other residential projects in Ahmedabad and Bengaluru.

“We are keeping an eye on the markets of Mumbai and Hyderabad and exploring land opportunities there. However, we are in no hurry to enter Mumbai as our immediate hunger is being met by Bengaluru. Pune also has to become bigger as we don’t want to spread ourselves thin but go deep wherever we foray,” Singal stated.