Arvind SmartSpaces plans expansion, eyes Mumbai and Hyderabad markets

After Bengaluru and Pune, Ahmedabad-based home-grown real estate player Arvind SmartSpaces (ASL) has now set its sight on Mumbai and Hyderabad markets. Part of the Lalbhai family-led Arvind Group, ASL has been preparing for its imminent foray into Mumbai and Hyderabad by exploring opportunities for land purchase.

While it has not laid out a strict timeline, ASL could soon join the bandwagon of regional real estate players such as Bengaluru-based Prestige Group, Ozone Group and Purvankara Projects.

Ahead of its Mumbai foray, ASL is consolidating its presence in Ahmedabad, Bengaluru and Pune alike, said Kamal Singal, company’s managing director and chief executive