Arvind SmartSpaces announced that it has sold out the entire inventory released for sale in the 1st phase of its residential plotted development project, Arvind Orchards in Devanahalli, Bengaluru, within 7 hours of launch. It consisted of more than 220 units valued at over Rs. 160 crore. The project is housed under HDFC Platform 2. Arvind Orchards, is a one-of-its-kind orchard-themed plotted development nestled in Doddballapur Road, Devenahalli. This would be ASL`s second residential plotted township in Bengaluru with world class infrastructure and amenities. Devanahalli is an established residential plotting micro-market near the Bengaluru International Airport and is home major economic hubs such as Aerospace SEZ and KIADB IT Park. This location enjoys excellent infrastructure connectivity which will be further enhanced by the upcoming Metro.Arvind SmartSpaces entered the Bengaluru market in 2013 and has till date added 11 projects across different micro-markets in the city.Powered by Capital Market - Live News

Net profit of Arvind SmartSpaces rose 121.18% to Rs 9.40 crore in the quarter ended December 2023 as against Rs 4.25 crore during the previous quarter ended December 2022. Sales rose 60.17% to Rs 84.30 crore in the quarter ended December 2023 as against Rs 52.63 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales84.3052.63 60 OPM %23.6716.59 - PBDT19.437.32 165 PBT18.336.66 175 NP9.404.25 121 Powered by Capital Market - Live News

Arvind SmartSpaces will hold a meeting of the Board of Directors of the Company on 1 February 2024.Powered by Capital Market - Live News

Arvind SmartSpaces announced that it has successfully given exit to HDFC Capital Affordable Real Estate Fund -3 (HCARE-3) on the project named Arvind Fruits of Life. This is a premium plotting development at Bavlu, Gandhinagar and the first project added under the HDFC Platform 2 in Q2 FY23.The funds invested by HCARE-3 have been repaid in full from the project cash flows driven by strong sales momentum and collections from the project. Meaningful returns delivered to both the entities HCARE-3 andASL, highlight the platform objectives. The Rs. 900 crore HDFC Capital Affordable Real Estate Fund - 3 (HCARE - 3), which is the second platform with HDFC Capital Advisors continues to progress well and strengthen the strategic relationship between the two companies. Three projects have been acquired till date under HDFC Platform 2 - one in Gandhinagar (Arvind Fruits of Life) and two in Bengaluru (Doddaballapura Road and Bannerghatta Road). Powered by Capital Market - Live News

Net profit of Arvind SmartSpaces rose 79.25% to Rs 8.64 crore in the quarter ended September 2023 as against Rs 4.82 crore during the previous quarter ended September 2022. Sales rose 44.36% to Rs 72.67 crore in the quarter ended September 2023 as against Rs 50.34 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales72.6750.34 44 OPM %46.5818.10 - PBDT17.218.42 104 PBT15.897.79 104 NP8.644.82 79 Powered by Capital Market - Live News