Arvind SmartSpaces Limited (ASL), the real estate arm of the Lalbhai Group, has appointed Priyansh Kapoor as its new Chief Executive Officer (CEO) and full-time Director, effective August 9, 2025. Kapoor succeeds Kamal Singal, who will continue in his role as Managing Director and now take on the added responsibility of mentoring the leadership team.
Mr. Kapoor joins ASL from Godrej Properties Ltd (GPL), where he served as the Zonal CEO for the Mumbai Metropolitan Region (MMR). His resignation from GPL was announced last week. With over 16 years of experience in the real estate sector, Kapoor has held senior leadership positions across strategy, business development, and regional operations, primarily in premium urban markets.
Welcoming Kapoor’s appointment, ASL stated that the company is entering a new phase of growth and is confident that the incoming CEO’s expertise will help scale its business across strategic geographies. The announcement comes amid a period of strong sectoral momentum, with demand for branded real estate developers rising across Indian cities.
In his official statement, Kapoor expressed gratitude for the opportunity and acknowledged the legacy built under Kamal Singal’s leadership. He described it as an exciting time to take charge of Arvind SmartSpaces Limited (ASL), noting that the company is well-positioned for its next phase of growth. Kapoor credited Singal and the team for establishing a strong foundation, and highlighted ASL’s execution capabilities, portfolio strength, and the backing of the Arvind brand as key enablers for the company’s future trajectory.
Mr. Singal, who led ASL’s real estate journey from its inception at Arvind Limited more than 15 years ago, called his tenure among the most fulfilling periods of his 25-year career with the group. While stepping back from day-to-day executive responsibilities, he reaffirmed his commitment to supporting the leadership transition and helping guide ASL’s long-term strategic vision.
ASL, headquartered in Ahmedabad, has been expanding its footprint beyond Gujarat into key urban markets such as Bengaluru, Pune, and the Mumbai region. The leadership change comes at a time when the company is actively exploring new launches and land acquisitions in line with its asset-light growth model.
The transition is expected to strengthen the company’s leadership structure and align it with emerging opportunities in the Indian real estate landscape, where developer consolidation, capital access, and brand equity continue to shape market dynamics
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