Block Deal Alert: HDFC Capital Sold 1.8% Stake in Arvind SmartSpaces

Arvind SmartSpaces saw a block deal on Monday, March 9, with HDFC Capital Affordable Real Estate Fund – 1 selling a 1.8% stake in the company for around ₹41 crore.

The transaction involved the sale of about 8.2 lakh shares, which were bought by Pirojsha Adi Godrej at an average price of ₹498 per share. As of December 2025, the HDFC Capital fund held an 8.8% stake in Arvind SmartSpaces.

Company Maintains Booking Growth Guidance

Last month, Arvind SmartSpaces said it would maintain its annual booking growth guidance despite slower growth recorded during the first nine months of FY26. The company expects momentum to improve in the final quarter, supported by multiple project launches lined up.

Vice Chairman Kulin Lalbhai said sales momentum in the real estate sector is closely linked to project launches and reiterated the company’s target of achieving 25–30% year-on-year booking growth.

Growth Outlook Over the Next Three Years

The company also expects sustained expansion over the next three years, driven by new project additions and its development pipeline.

Lalbhai added that Arvind SmartSpaces aims to deliver a consistent compounded annual growth rate of 25–30% during this period.

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