- I look forward with enthusiasm to the next phase of my role to contribute to build the team and help the Management team to achieve even greater goals in the organisation’s journey: Kamal Singal
- Kamal Singal, who has led ASL with distinction, will continue to serve as Managing Director and will act as a mentor to the leadership team, guiding them through current challenges and enabling the next wave of growth and excellence
- Under Kamal’s leadership, ASL has grown from strength to strength: Kulin Lalbhai, Vice Chairman and Non-Executive Director, Arvind SmartSpaces Limited
NE BUSINESS BUREAU
AHMEDABAD, JULY 22
Arvind SmartSpaces Limited (ASL), one of India’s premier real estate development companies, on Tuesday announced the appointment of Priyansh Kapoor as the new Whole-time Director and Chief Executive Officer with effect from 9th August 2025.
This strategic move further fortifies the Board and significantly enhances the company’s executive leadership capacity. Kamal Singal, who has led ASL with distinction, will continue to serve as Managing Director and will act as a mentor to the leadership team, guiding them through current challenges and enabling the next wave of growth and excellence.
Induction of Priyansh Kapoor is a part of ASL’s thoughtfully crafted succession planning strategy, aimed at further accelerating the growth of the Real Estate Business. Arvind SmartSpaces will continue to focus on nurturing high- potential talent, strengthening the leadership pipeline across levels and deepening its presence across its key markets. This is a significant step towards building an agile and future-ready organisation in line with company’s bold ambition of emerging as a Real Estate Powerhouse.
Priyansh Kapoor brings with him over 15 years of rich experience in the real estate sector. In his most recent role as CEO for the Mumbai Metropolitan Region (MMR) – Zone at Godrej Properties Ltd, he successfully managed a business portfolio with annual booking value exceeding Rs 8,000 crore.
Kamal Singal, MD & CEO said, “Starting the real estate business at Arvind limited and serving as the MD & CEO of ASL over the past more than 15 years has been among the most fulfilling chapters of my 25 years journey at Arvind. ASL is poised for a promising future, and I look forward with enthusiasm to the next phase of my role to contribute to build the team and help the Management team to achieve even greater goals in the organisation’s journey. I also take this opportunity to welcome Priyansh to ASL and extend my full support to him in his new role.”
Kulin Lalbhai, Vice Chairman and Non-Executive Director, Arvind SmartSpaces Limited said, “Under Kamal’s leadership, ASL has grown from strength to strength. We have executed a large number of projects, ventured to new territories and created a strong foothold in new locations which has put ASL on India’s real estate map and a company to reckon with. Kamal has been instrumental in leading the business to this stage and we are extremely grateful to him for his contributions. I am happy that ASL will continue to benefit from his experience and knowledge. I am delighted to welcome Priyansh and am confident that with his vast experience and deep understanding of the real estate business he will be able to build on the foundation that has been set and will further scale the company to the next orbit in the coming years.”
Commenting on his appointment, Priyansh Kapoor said, “I am truly grateful to Kulin, Mr Sanjay Lalbhai, and the Board of ASL for entrusting me with this opportunity and responsibility. It is an exciting moment to lead ASL into its next phase of growth. Thanks to Kamal and the team, I inherit a solid foundation on which to build. ASL is now well-positioned to harness the full potential of its execution capabilities, a robust portfolio across key geographies, and the enduring strength of the group’s brand and legacy. I look forward to partnering with the exceptional team at ASL to scale new heights and shape a bold, future-ready and talent centric organization.”
