Acquisitions6 Nov 2025, 08:42 am
Arihant Foundations Acquires Two Prime CBD Parcels in Chennai with GDV of ₹ 2500 Crores
AI Summary
Arihant Foundations & Housing Ltd., a leading real estate developer in Chennai, has announced the acquisition of two premium land parcels in the Central Business District (CBD) with a combined Gross Development Value (GDV) of ₹ 2500 Crores. The first parcel, located near Boat Club, is planned for a high-end office project, while the second in Kilpauk is planned for a luxury residential development. These acquisitions align with the company's strategic growth plans and reinforce its focus on creating landmark developments in Chennai's most sought-after micro-markets.
Key Highlights
- Arihant Foundations & Housing Ltd. has acquired two premium land parcels in Chennai's Central Business District (CBD).
- The combined GDV of the acquisitions is ₹ 2500 Crores.
- The first parcel, located near Boat Club, is planned for a high-end office project.
- The second parcel, located in Kilpauk, is planned for a luxury residential development.
- These acquisitions align with the company's strategic growth plans and reinforce its focus on creating landmark developments in Chennai's most sought-after micro-markets.