Arvind SmartSpaces Ventures into MMR with Iconic 92-Acre Villa Township Near Khopoli

24 January 2025:

Revolutionizing Mumbai 3.0 Real Estate Landscape with ₹1500 Crore Revenue Potential

Arvind SmartSpaces Debuts in MMR with a Game-Changing Project Ahmedabad-based real estate developer Arvind SmartSpaces has made a significant entry into the Mumbai Metropolitan Region (MMR) by signing a joint development agreement to create an expansive 92-acre villa township near Khopoli.

With an estimated revenue potential of ₹1500 crore, this move underscores the company’s strategy to penetrate India’s most lucrative real estate market.

The partnership with Sach Developers adopts a joint development model, ensuring low capital intensity and high returns, with a 70.5% revenue share allocated to Arvind SmartSpaces. The villa township, located within proximity to transformational infrastructure like the Navi Mumbai International Airport and Atal Setu, promises world-class amenities, including a golf course and a large clubhouse.

Prime Location with Infrastructure-Driven Connectivity

Situated just 40 minutes from the Navi Mumbai side of Atal Setu and 25 minutes from the upcoming Navi Mumbai International Airport (NMIA), the project site offers seamless connectivity to both urban and emerging hubs. The location’s strategic significance lies in its proximity to infrastructure projects like the Mumbai Trans-Harbour Link (MTHL) and the Virar-Alibaug Multimodal Corridor, which are reshaping MMR’s accessibility and development potential.

Future Vision: Transforming MMR’s Horizontal Development

Arvind SmartSpaces is embracing MMR’s Mumbai 3.0 vision, which is marked by the emergence of horizontal developments such as villas and plotted townships. With rising demand for spacious, luxurious living environments beyond city limits, this villa township is poised to attract high-net-worth individuals (HNIs) and aspiring homeowners seeking premium yet connected living options.

The region’s infrastructural advancements, including the JNPT Port and the ongoing industrial growth along the Mumbai-Pune economic corridor, are catalyzing this shift. This villa township is set to become a benchmark for suburban luxury living.

Expanding Horizons: Redevelopment in Western Suburbs

Arvind SmartSpaces is also venturing into housing society redevelopment projects in Mumbai’s western suburbs, targeting mid-segment buyers. Homes priced between ₹25,000 and ₹50,000 per square foot align with the aspirations of upwardly mobile families in Mumbai.

Kamal Singal, Managing Director and CEO of Arvind SmartSpaces, shared the company’s ambition to establish a stronger foothold in MMR and other key markets like Ahmedabad and Bengaluru. Plans are underway for additional projects, including horizontal developments in Surat, Gujarat.

Impact on Mumbai 3.0 Real Estate Growth

This foray by Arvind SmartSpaces is expected to significantly impact Mumbai 3.0, the next phase of the city’s real estate evolution. The villa township aligns perfectly with the growing preference for luxury suburban housing in MMR, driven by enhanced connectivity and the availability of expansive land parcels. The project’s proximity to the Navi Mumbai International Airport, MTHL, and other infrastructure marvels makes it a potential magnet for investments, further solidifying MMR’s position as a hotspot for real estate growth.

By catering to both luxury and mid-segment buyers, Arvind SmartSpaces is helping bridge the gap between aspiration and affordability in Mumbai’s ever-evolving housing market.

A Legacy of Excellence

Founded in 2008 as part of the 120-year-old Lalbhai Group, Arvind SmartSpaces has developed approximately 78 million square feet of real estate across Ahmedabad, Gandhinagar, Bengaluru, and Pune. Its entry into MMR marks another milestone in its journey to redefine urban living with innovative, customer-centric solutions.