Arvind Group views 50% of online real estate transaction

29 May 2022 CW Team

Arvind SmartSpaces Limited (ASL), the real estate arm of the Arvind Group, is eyeing 45-50% of real estate sales through online mode soon.

Its digital sales have increased from just 6% in FY21 to 35% in FY22 for the organised real estate player, which has a presence in Bengaluru, Pune and Ahmedabad amid an industry average of 30% among the organised players.

Managing Director and CEO of Arvind SmartSpaces, Kamal Singal, said that its digital sales initiatives, including launching India's first end-to-end digital sales platform, resulted in over 35% new sales through digital channels, which also lowered the overall cost of sales. The company aims to touch 45-50 per cent of digital sales in the coming future.

Arvind SmartSpaces' digital platform will enable customers to view entire inventory listings and get complete information on the price per unit.

The customers can also view spaces within their potential home and will be able to experience the interiors and see the layout and entire inventory on the platform.

The company has launched the platform with Arvind Bel Air, a premium residential project in Yelahanka, Bengaluru, so the customers can book and purchase homes in various other locations.

According to Singal, digital sales have witnessed large traction from end-users of residential projects and non-resident Indians (NRIs). Over 85% of conversions in digital sales have been end-users, with 80-90% of Bangalore users being service sector employees.

Singal told the media that the company would also invest in new projects and pipelines amid the momentum of input cost rise slowing down. The company plans to raise Rs 300-400 crore of debt which should be enough to fuel future projects.

The company reported strong momentum in new sales with Rs 150 crore for the fourth quarter (Q4) ended on 31 March 2022, with strong traction for luxury villas at its existing project in Ahmedabad.

The company also reported a hike of 20% in its net collections of Rs 160 crore for this quarter, compared to the same quarter of the previous year. Arvind SmartSpaces hit a 72% year-on-year (YoY) growth in its revenue at Rs 257 crore for FY21-22 with a profit after tax (PAT) growth of 186% to Rs 25 crore during the year.

Image Source

Also read: Arvind SmartSpaces acquires 35 acres of land for Rs 100 cr in Pune

Arvind SmartSpaces Limited (ASL), the real estate arm of the Arvind Group, is eyeing 45-50% of real estate sales through online mode soon. Its digital sales have increased from just 6% in FY21 to 35% in FY22 for the organised real estate player, which has a presence in Bengaluru, Pune and Ahmedabad amid an industry average of 30% among the organised players. Managing Director and CEO of Arvind SmartSpaces, Kamal Singal, said that its digital sales initiatives, including launching India's first end-to-end digital sales platform, resulted in over 35% new sales through digital channels, which also lowered the overall cost of sales. The company aims to touch 45-50 per cent of digital sales in the coming future. Arvind SmartSpaces' digital platform will enable customers to view entire inventory listings and get complete information on the price per unit. The customers can also view spaces within their potential home and will be able to experience the interiors and see the layout and entire inventory on the platform. The company has launched the platform with Arvind Bel Air, a premium residential project in Yelahanka, Bengaluru, so the customers can book and purchase homes in various other locations. According to Singal, digital sales have witnessed large traction from end-users of residential projects and non-resident Indians (NRIs). Over 85% of conversions in digital sales have been end-users, with 80-90% of Bangalore users being service sector employees. Singal told the media that the company would also invest in new projects and pipelines amid the momentum of input cost rise slowing down. The company plans to raise Rs 300-400 crore of debt which should be enough to fuel future projects. The company reported strong momentum in new sales with Rs 150 crore for the fourth quarter (Q4) ended on 31 March 2022, with strong traction for luxury villas at its existing project in Ahmedabad. The company also reported a hike of 20% in its net collections of Rs 160 crore for this quarter, compared to the same quarter of the previous year. Arvind SmartSpaces hit a 72% year-on-year (YoY) growth in its revenue at Rs 257 crore for FY21-22 with a profit after tax (PAT) growth of 186% to Rs 25 crore during the year. Image Source Also read: Arvind SmartSpaces acquires 35 acres of land for Rs 100 cr in Pune

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..