+
Arihant Buys Land in Chennai IT Hub for Rs 12 Bn Housing Project
Real Estate

Arihant Buys Land in Chennai IT Hub for Rs 12 Bn Housing Project

Chennai-based real estate developer Arihant Foundations & Housing has acquired a prominent 3-acre land parcel on MGR Salai, Perungudi, at the gateway to the city's rapidly growing IT corridor along Old Mahabalipuram Road (OMR). The company plans to develop a premium residential project on the site, with a proposed built-up area of 0.7 million square feet and an estimated Gross Development Value (GDV) of Rs 12 billion.

The project is currently awaiting final regulatory approvals before its official launch. Arihant is expected to announce the construction timeline in the coming months.

Located within walking distance of more than 15 million square feet of high-grade office space—including Global Infocity Park, Brookfield Millenia Park, and DLF Downtown—the site is positioned as a prime residential destination for professionals working in Chennai’s IT sector.

The upcoming development will feature modern apartments, lifestyle amenities, and open green spaces, addressing the growing demand for quality housing in the area.

With over four decades of experience, Arihant Foundations has delivered more than 25 million square feet of real estate projects across Chennai.

Chennai-based real estate developer Arihant Foundations & Housing has acquired a prominent 3-acre land parcel on MGR Salai, Perungudi, at the gateway to the city's rapidly growing IT corridor along Old Mahabalipuram Road (OMR). The company plans to develop a premium residential project on the site, with a proposed built-up area of 0.7 million square feet and an estimated Gross Development Value (GDV) of Rs 12 billion.The project is currently awaiting final regulatory approvals before its official launch. Arihant is expected to announce the construction timeline in the coming months.Located within walking distance of more than 15 million square feet of high-grade office space—including Global Infocity Park, Brookfield Millenia Park, and DLF Downtown—the site is positioned as a prime residential destination for professionals working in Chennai’s IT sector.The upcoming development will feature modern apartments, lifestyle amenities, and open green spaces, addressing the growing demand for quality housing in the area.With over four decades of experience, Arihant Foundations has delivered more than 25 million square feet of real estate projects across Chennai.

Next Story
Infrastructure Urban

Manali Petrochemicals Expands Propylene Glycol Capacity

Manali Petrochemicals Limited (MPL), a petrochemical manufacturer and part of AM International, Singapore, has expanded its Propylene Glycol (PG) plant, increasing production capacity by 50,000 tonnes per annum (TPA). This addition will take the total capacity to 72,000 TPA, up from the existing 22,000 TPA. The facility is expected to commence operations upon receiving Consent to Operate (CTO) from the Tamil Nadu State Pollution Control Board.This strategic expansion reflects MPL’s commitment to the Make in India and Atmanirbhar Bharat initiatives, aiming to reduce India’s reliance on PG i..

Next Story
Infrastructure Transport

CONCOR, Dubai’s RHS Partner for Global Logistics Push

 Container Corporation of India Ltd (CONCOR) has entered into a strategic partnership with Dubai-based Rais Hassan Saadi Group (RHS) to explore joint opportunities in the overseas shipping and logistics sector. The collaboration was formalised through a Memorandum of Understanding (MoU) signed on 14 July 2025, aimed at providing integrated, cost-effective end-to-end logistics solutions with a focus on enhancing international multimodal connectivity.The agreement aligns CONCOR’s extensive expertise in inland logistics, terminal operations, and supply chain management with RHS Group’s es..

Next Story
Infrastructure Urban

AM/NS Commissions Galvanising Line at Hazira Plant

ArcelorMittal Nippon Steel (AM/NS) India has commissioned a new Continuous Galvanising Line (CGL) at its Hazira facility to produce advanced high-strength steel for the automotive sector. The new unit raises the company's downstream steel capacity by 0.5 million tonnes per annum (MTPA) to 3.3 MTPA, with plans to reach 5 MTPA by year-end through two more lines.The company had committed an investment of Rs 85 billion in five galvanising lines at Hazira, of which around 85 per cent has already been utilised.AM/NS India stated that its new high-strength galvanised steel will replace imports, with ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?