Arvind Smartspaces targets 40% growth after record FY26 bookings
The developer booked ₹1,550 crore in FY26 and plans to launch six new projects with up to ₹3,500 crore in inventory this fiscal year.
— 4 earlier stories on Arvind Smartspaces Ltd. →What's new
- FY26 bookings rose 22% to ₹1,550 crore.
- Management targets 35-40% bookings growth for FY27.
- Six new launches planned with ₹3,000-3,500 crore in inventory.
- The company abandoned a Surat project citing legal and technical hurdles.
Why this matters
Arvind Smartspaces is betting on a rapid scale-up in its development pipeline to maintain momentum. Exiting the Surat project shows a willingness to cut losses on complex sites, which is a prudent move for capital allocation.
What we're watching
- Execution of the ₹4,000-5,000 crore business development target.
- Progress on the Goregaon joint venture in Mumbai.
- Actual launch timelines for the six planned projects.
The full read
Arvind Smartspaces closed FY26 with record bookings of ₹1,550 crore, a 22% jump that sets a high bar for the current year. Management is now aiming for 35-40% growth in FY27, backed by a pipeline of six new launches containing ₹3,000-3,500 crore in inventory. To fuel this, the company has set a business development target of ₹4,000-5,000 crore in gross development value.
Not every project made the cut.
The company walked away from a site in Surat, citing technical and legal complexities, while the Mumbai expansion remains a focus with a Goregaon joint venture yielding a 44% profit share. The strategy is clear: focus on high-yield partnerships and aggressive inventory turnover while pruning projects that carry too much friction. The next test is whether the company can convert these ambitious launch targets into actual sales in a competitive market.
Questions answered
- What was the growth in bookings for FY26?
- Arvind Smartspaces recorded bookings of ₹1,550 crore, representing a 22% increase over the previous year.
- What is the guidance for the current fiscal year?
- Management expects bookings growth of 35-40% for FY27, supported by the launch of six new projects.
- How much inventory is planned for the upcoming launches?
- The company plans to bring ₹3,000-3,500 crore worth of inventory to market across six new project launches.
- Why did the company exit the Surat project?
- The company decided to stop the project due to technical and legal complexities.
- What is the status of the Mumbai expansion?
- The company continues its expansion in Mumbai, specifically through a joint venture in Goregaon that provides a 44% profit share.
Story so far
All notes on ARVSMART →- 29 May 2026 · 3:28 PM IST Arvind Smartspaces targets 40% growth after record FY26 bookings
- 9d ago Arvind Smartspaces reports record FY26 bookings, guides 35-40% growth
- 10d ago Arvind Smartspaces wraps FY26 with record pre-sales
- 10d ago Arvind Smartspaces lines up ₹300 cr NCD, ₹125 cr platform with HDFC Capital
- 10d ago Arvind Smartspaces PAT jumps to ₹45.94 cr, plans ₹300 cr NCD issue