Arvind SmartSpaces Enters MMR Market with ₹1,500 Crore Villa Township Project in Partnership with Sach Developers

Arvind SmartSpaces, an Ahmedabad-based listed real estate developer, has announced its entry into the Mumbai Metropolitan Region (MMR) with a significant joint development project. The company has partnered with Sach Developers to develop a 92-acre township near Khopoli, a two-hour drive from Mumbai. This project, which is expected to generate a revenue potential of ₹1,500 crore, marks a strategic expansion for Arvind SmartSpaces into the competitive MMR real estate market.

The villa project is expected to offer a blend of luxury and leisure, with plans to include a golf course and a large clubhouse. While specific details regarding the villa units are still under finalization, the township will be built on a spacious 92-acre land parcel. The site’s location is highly advantageous, situated 40 minutes from Navi Mumbai’s Atal Setu and 25 minutes from the upcoming Navi Mumbai International Airport (NMIA), which is expected to further enhance the accessibility and appeal of the project.

Arvind SmartSpaces has opted for a joint development model for this project, with a 70.5% revenue share. This structure allows for a lower capital investment while still offering higher returns. The decision to enter the MMR market comes as the region is experiencing significant transformation due to various infrastructure projects. Developments like Atal Setu, the Virar-Alibaug Multimodal Corridor, and the Mumbai-Pune-MTHL Interchange are expected to drastically improve connectivity and drive demand for residential and commercial real estate in the region.

The upcoming Navi Mumbai International Airport and other infrastructure projects are poised to reshape MMR, making it an attractive destination for horizontal developments such as villas and plotted developments. These projects are expected to reduce travel times between key economic hubs and create new avenues for growth in suburban areas like Khopoli, which is currently seeing increased interest from real estate developers.

Arvind SmartSpaces has also stated its intention to expand further within the MMR region, targeting projects in Mumbai's western suburbs. The company plans to sign an agreement for a housing society redevelopment project by the end of the ongoing financial year. This focus on mid-segment housing, where prices range from ₹25,000 to ₹50,000 per square foot, reflects the company’s strategy to tap into a growing demand for affordable luxury and well-connected residential spaces.

Kamal Singal, Managing Director and CEO of Arvind SmartSpaces, emphasized the company's plans to continue exploring joint development and society redevelopment projects across Mumbai. Singal mentioned that the company is also looking into potential projects in Surat, Gujarat, as part of its broader strategy to expand its footprint in key markets, including Ahmedabad and Bengaluru.

Arvind SmartSpaces has a long history of real estate development, built on the legacy of the Lalbhai Group, which has been active for over 120 years. Since its establishment in 2008, the company has grown to become a significant player in the real estate sector, with around 78 million square feet of development across various cities in India, including Ahmedabad, Gandhinagar, Bangalore, and Pune.

The company’s entry into the MMR market aligns with the broader trends shaping Mumbai 3.0, a new phase of urban development marked by horizontal growth, including the rise of villas and plotted developments. As more infrastructure projects are completed, MMR is expected to attract both end-users and investors looking for well-connected residential options outside the city’s congested core. 

Image source- arvindsmartspaces.com