Arvind SmartSpaces’ stock surged nearly 3% after the company successfully sold 200 plots worth over ₹180 crore during the launch of its latest residential plotted development, Arvind The Park, in Devanahalli, Bengaluru. The entire inventory was booked on launch day, underscoring strong demand for the project.
Arvind The Park offers a premium lifestyle with access to an executive golf course and membership to Monogram by Arvind Lounges and Resorts. Residents will enjoy high-end amenities, including a rooftop infinity pool, gym, spa, yoga pavilion, library, and restaurant.
Devanahalli has emerged as a prime real estate destination due to its proximity to Bengaluru International Airport and key economic hubs such as the Aerospace SEZ and KIADB IT Park. This project marks Arvind SmartSpaces’ third plotted development in the area, following the success of Arvind Greatlands and Arvind Orchards.
CEO Kamal Singal expressed delight over the response, emphasizing that the project’s resort-like living concept and strategic location have reinforced customer trust in the Arvind brand. The company now looks forward to upcoming launches, including Phase 2 of Arvind Orchards and a high-rise project in Bannerghatta.
Arvind SmartSpaces shares opened at ₹710 on Wednesday, reaching a high of ₹716.90 and a low of ₹703.10. The stock remains significantly below its 52-week high of ₹1,025 but well above the 52-week low of ₹523.55.
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