Acquisitions25 Jun 2025, 11:57 am
Arihant Acquires 3-Acre Landmark Property at Gateway of Chennai’s IT Corridor; Plan To Launch ₹ 1,200 Cr Premium Residential Project
AI Summary
Arihant Foundations & Housing Ltd., a leading real estate developer in Chennai, has announced the acquisition of a 3-acre land parcel on MGR Salai, Perungudi, situated at the gateway to the city’s thriving IT corridor along Old Mahabalipuram Road (OMR). The proposed development will be a premium residential community of 0.7 Million Sq Ft with a Gross Development Value (GDV) of ₹ 1,200 Crores. The project is poised to meet the strong demand for high-quality homes among professionals working in the thriving business hubs along the IT corridor.
Key Highlights
- Arihant Foundations & Housing Ltd. has acquired a 3-acre land parcel in Chennai's IT corridor.
- The proposed development is a premium residential community with a GDV of ₹ 1,200 Crores.
- The project is located within walking distance of over 15 million square feet of Grade A office space.
- The development will feature modern architecture, curated amenities, and green open spaces.
- Arihant Foundations & Housing Ltd. is known for its transparency, customer-centricity, and timely execution.