Archive · 25 Jun 2025
Arihant Plans Rs 1,200 Cr Residential Project in Chennai's IT Corridor
A real estate company called Arihant is planning to build new homes in Chennai, India.
They bought a big piece of land near the IT companies in the city.
They plan to build nice apartments and amenities for the people working in that area.
The project will be launched after getting permission from the government.
Arihant Foundations & Housing acquired a 3-acre land parcel in Perungudi, Chennai.
The land is located at the entrance of the IT corridor on MGR Salai.
A premium residential project is planned with a 0.7 million sq ft built-up area.
The project's Gross Development Value (GDV) is estimated at Rs 1,200 crore.
The project will launch after receiving regulatory approvals.
- Who
- Arihant Foundations & Housing.
- What
- Arihant Foundations & Housing is planning a residential project.
- When
- Construction timeline will be announced in the coming months.
- Where
- MGR Salai, Perungudi, Chennai, at the IT corridor entrance.
- Why
- To cater to the demand for quality homes in Chennai's IT sector.
Developer
N/A
Project Aim
Developer
Build premium residential properties to meet the demand of the IT sector professionals
N/A
N/A
- Developer
- Arihant Foundations & Housing
- Location
- Perungudi, Chennai
- Land Area
- 3 acres
- Project Type
- Residential
- Built-up Area
- 0.7 million sq ft
- GDV
- Rs 1,200 crore
- Experience
- 40+ years
