Arihant Foundations and Housing through its special purpose vehicle (SPV) – Vilaya Properties LLP, has entered into a partnership with Empee Hotels, the owners of Hilton Chennai, to develop a Grade A commercial space adjacent to the hotel. Spanning approximately 300,000 square feet and a Gross Development Value of around Rs 500 crore. This project will integrate office space with hospitality services, creating a dynamic hub in one of Chennai's most sought-after locations.
Strategically located in the most sought after commercial corridor of the city, this development is set to cater to the burgeoning demand for commercial office spaces including Global Capability Centres (GCCs) in Chennai. The city has recently emerged as a prime destination for GCCs, thanks to its robust infrastructure, skilled workforce, and favourable government policies. The new project by Arihant is poised to capitalise on this trend, offering state-of-the-art facilities that meet the needs of global enterprises.
Chennai's increasing attractiveness as a destination for GCCs is reflected in the rising interest from global corporations looking to expand their operations in the region. This strategic project aligns with Arihant's vision to deliver top-tier commercial spaces that cater to the evolving needs of businesses.
Arihant Foundations and Housing caters to building segments such as villas, apartments, IT parks, hotels, shopping malls, multiplexes, developed plots and commercial buildings. It has a great ability to serve a diverse range of clients from individual home buyers to commercial clients to multi-unit investors.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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