India, April 8 -- Ahmedabad-based Arvind SmartSpaces has expanded its presence in the Mumbai real estate market, by announcing two redevelopment projects in Santacruz and Goregaon over the past two weeks, with a combined estimated potential exceeding Rs.2,700 crore.

On April 7, the company signed a redevelopment agreement for a residential high-rise project in Goregaon (West), Mumbai. The project has an estimated top-line potential of Rs.2,400 crore and a total saleable carpet area of 0.67 million sq ft. It is being developed in partnership with Sigma Oxford Realtors.

On March 27, the company signed its first society redevelopment project in Santacruz, Mumbai, with an estimated revenue potential of Rs.300 crore and a saleable carpet are...