Arihant Foundations and Housing, a Chennai-based real estate developer, is set to invest Rs 650 crore in its home city Chennai and Bengaluru in the upcoming fiscal year 2025. Spearheaded by Managing Director Kamal Lunawath, this investment marks a strategic move to expand the company’s presence and portfolio.
A significant portion of this investment, totaling Rs 150 crore, will be allocated to developing Grade A office spaces in Bengaluru. By venturing into commercial real estate, Arihant aims to diversify its offerings and explore new avenues for growth and revenue.
In Bengaluru, Arihant’s focus areas for commercial development include strategic locations near the central business district, the northern region, and the eastern IT corridor of Whitefield. These prime locations are expected to attract businesses and professionals seeking premium office spaces.
Simultaneously, Arihant will deploy the remaining Rs 500 crore in various real estate projects across Chennai, spanning both residential and commercial developments. The company’s vision encompasses delivering world-class amenities and sustainable living spaces to its customers.
Furthermore, Arihant is actively scouting for suitable land for residential projects in both Chennai and Bengaluru. In terms of project scale, the company aims to develop approximately 0.5 million square feet of commercial space and 1 million square feet of residential space across both cities during the fiscal year 2025.
These ventures underscore Arihant’s commitment to creating enduring value for its customers, investors, and stakeholders. With a robust pipeline of projects, Arihant Foundations and Housing is poised to leverage India’s evolving real estate landscape and set new benchmarks for quality and innovation.