Shares of Arvind SmartSpaces skyrocketed 12% on September 23 after the real estate developer announced that its Bengaluru residential project, Arvind Sylva – The Green Reserve, crossed Rs 500 crore in bookings within 30 days of its launch. 

The project has achieved around 60% inventory absorption by value, giving the company strong visibility on sales from the development. Arvind SmartSpaces acquired the project outright in February 2026, and the development has an estimated topline potential of around Rs 860 crore.

Arvind Sylva is located on Sarjapur Road, one of Bengaluru’s key residential and commercial corridors. The project is spread across 4.7 acres and includes around 375 premium residences. More than 70% of the development is planned as open space, while the project also features a clubhouse of over 15,000 square feet and more than 40 lifestyle amenities.

The latest bookings are significant when compared with the company’s broader sales performance. Arvind SmartSpaces reported consolidated bookings of Rs 432 crore in Q1 FY27, meaning the single Bengaluru project has generated bookings higher than the company’s total bookings for that quarter.

The company said Arvind Sylva is its largest vertical development launched so far. The strong initial response also comes as the developer expands its presence in the premium high-rise housing segment in Bengaluru.

The project benefits from its location and connectivity to major employment hubs such as the Outer Ring Road, Electronic City and Whitefield. The company is also focusing on nature-led residential development, with extensive green areas and more than 1,000 varieties of flora planned within the project.

At 11:15 am, Arvind SmartSpaces shares were trading around Rs 642.85, up more than 9.29%. The stock has gained around 18% over the past week, while its 52-week high stands at Rs 707.85. 

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