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Arihant Foundations acquires 3-acre land at Gateway of Chennai’s IT Corridor

25 Jun 2025 Evaluate

Arihant Foundations & Housing has acquired a strategically located 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 Rs 1,200 crore.

This marquee site is located within walking distance of over 15 million square feet of Grade A office space, including Global Infocity Park, Brookfield Millenia Park and DLF Downtown, positioning it as one of the most desirable residential destinations in Chennai. The project is poised to meet the strong demand for high-quality homes among professionals working in these thriving business hubs.  

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.


Arihant Foundn. &Hsg Share Price

925.90 -4.00 (-0.43%)
24-Apr-2026 16:01 View Price Chart
Peers
Company Name CMP
Lodha Developers 846.00
Dilip Buildcon 456.65
DLF 587.85
Oberoi Realty 1690.00
Ahluwalia Contract(I 880.90
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