Arihant Foundations secures Rs 1.09 billion investment for expansion

28 Nov 2024 CW Team

Chennai-based real estate firm Arihant Foundations & Housing Limited has raised Rs 1.09 billion through a preferential equity allotment, marking a significant milestone in its growth trajectory. The funding comes from a prominent group of investors, including the Lotus Family Trust, managed by Madhusudan Kela, and CaratLane founders Mithun and Siddhartha Sacheti.

This strategic infusion will strengthen Arihant’s financial base, enabling the company to expand its footprint across South India. The funds are earmarked for developing projects spanning residential, commercial, and senior housing segments, further solidifying Arihant’s position as a key player in the region’s real estate market.

“Arihant has consistently delivered on its promise of quality and innovation. We are excited to collaborate and support their mission of creating exceptional urban spaces,” said Mithun Sacheti, Founder, CaratLane.

Kamal Lunawath, Managing Director, Arihant Foundations, emphasised the importance of the partnership, stating, “The expertise and commitment of our investors align perfectly with our vision for growth. Their support will be invaluable as we scale operations, drive innovation, and expand our reach in South India.

(ET)

Real Estate

01 Dec 2025

Alliance City Developers Marks Major 2025 Milestones in Vile Parle

Alliance City Developers Realtors has announced significant project milestones and expansions in 2025, underscoring what the company terms a transformational year. The developer completed multiple residential projects and launched two premium developments in Vile Parle (East), one of Mumbai’s most sought-after neighbourhoods.During the year, Alliance Legacy in Matunga (East) received its Occupancy Certificate (OC), while Alliance Eternis in Borivali (West) and Alliance Vista in Vile Parle (East) were granted Completion Certificates (CC), marking final project delivery. Alliance Abhimanyu is ..

Moro Hub and PwC Middle East Partner to Accelerate Smart City Solutions

Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (DEWA), has announced a strategic collaboration with PwC Middle East to advance Smart City, Integrated Command Centre (ICC), Critical Infrastructure Monitoring and Internet of Things (IoT) initiatives across the region. The partnership brings together Moro Hub’s digital infrastructure and IoT capabilities with PwC’s global expertise in digital trust, smart city strategy and cybersecurity to support the UAE’s vision for intelligent and sustainable cities.“Our collaboration with PwC Middle Ea..

ABB India Unveils ACS380-E Drive for High-Performance Automation

ABB India has launched the ACS380-E drive, a next-generation machinery drive designed for automation-centric machine building, adding to its all-compatible drive portfolio. The solution simplifies machine integration and is future-proofed for industrial automation with advanced connectivity, faster commissioning and built-in cybersecurity capabilities.The ACS380-E features integrated dual Ethernet ports for plug-and-play communication with all major industrial automation networks, eliminating the need for separate modules and reducing installation complexity. The drive also supports fast USB-C..