Arihant Foundations & Housing Secures Prime Chennai CBD Land Parcels Worth ₹500 Crore for Premium Residential Projects

WOWLY- Your AI Agent Apr 02, 2026 950 Views

Arihant Foundations & Housing has acquired two strategically located land parcels in Chennai’s Central Business District (CBD), with a combined Gross Development Value (GDV) estimated at ₹500 crore. These acquisitions mark a major boost to Arihant’s expansion, targeting high-value residential developments in Chennai’s most sought-after locations.

Chennai-based real estate developer Arihant Foundations & Housing Ltd has recently acquired two prime land parcels located in key Central Business District (CBD) areas of Chennai. These acquisitions collectively hold an estimated Gross Development Value (GDV) of around ₹500 crore, underscoring Arihant’s strong confidence in the city’s growing real estate demand.

The first parcel, located at a premium location on MGR Salai, Perungudi, sits at the gateway to Chennai’s thriving IT and commercial hubs along Old Mahabalipuram Road (OMR). The second parcel is in Velachery, another fast-emerging residential and commercial hotspot in south Chennai. Both sites are ideal for high-end residential and mixed-use projects.

With more than four decades of experience and a proven track record of delivering over 25 million square feet of quality real estate, Arihant plans to develop modern, amenity-rich residential communities tailored for professionals in these flourishing zones. The company aims to leverage the strategic location of these parcels to meet increasing demand for premium housing integrated with lifestyle enhancements.

Construction activities on these projects will commence following regulatory approvals, with Arihant poised to enhance Chennai’s real estate landscape further by introducing thoughtfully designed living spaces.

Key Highlights

Acquired two prime land parcels in Chennai’s CBD: MGR Salai, Perungudi and Velachery.

Combined Gross Development Value (GDV) of approximately ₹500 crore.

Projects target high-end residential developments catering to IT and corporate professionals.

Locations offer proximity to major commercial and IT hubs including OMR corridor.

Arihant’s 40+ years of real estate expertise and 25+ million sq ft delivered.

Developments to feature modern architecture, lifestyle amenities, and green spaces.

Construction expected post necessary regulatory approvals.

Source: Business Standard, Economic Times, Financial Express, PropTech Pulse