Arihant Superstructures’ subsidiary -- Arihant Abode -- has signed the letter of intent for construction works contract for its project named as ‘Arihant Aspire’ (formally known as Arihant Akanksha) located at Panvel Near Navi Mumbai proposed Airport with Capacite Infraprojects (CIL).
The contract is valued at Rs 825 crore. These 3 million square feet of area to be sold project under affordable housing policy and can qualify for tax exemption under Section 80 IB of Income tax Act, 1961 and subject to applicable rules and regulations of the said Act. This brings Arihant Superstructures one step closure to launching this Mega Project.
Arihant Superstructures is a real estate company with dominant presence in the affordable housing segment in the Mumbai MMR and the Jodhpur region.
