ArisUnitern Revives Parth Gardenia and Targets Rs three billion GDV

20 Mar 2026 CW Team

Unitern acted as a surrogate developer and executed a comprehensive 360-degree strategy covering finance, approvals and construction management. The company achieved financial closure through debt settlement with lenders and secured all regulatory approvals, including RERA. Value engineering, FSI optimisation and structural audits were implemented to improve density and project economics. Construction is under way with six floors completed across two of the three towers.

The project will be launched on March 19, 2026 and Unitern will manage pre-sales, sales, collections, customer relationship management, construction completion and daily cash flow until the formation of the association. The development comprises 288 premium two and three BHK units located about ten minutes from the Mall of Asia, in a high growth corridor with minimal direct competition. Sales and marketing plans have been instituted to position the offering to target buyer segments and to accelerate conversions. Project governance now includes enhanced reporting, stakeholder engagement and a focus on timely delivery.

The gross development value is approximately Rs three billion (Rs 3 bn) and the initiative underscores Arisinfra’s integrated approach to distressed projects. Arisinfra Solutions Limited is described as India’s first listed company offering an organised construction material supply and services network that aggregates suppliers and manufacturers for large developers and contractors. The company serves a broad set of infrastructure and real estate clients and aims to deliver operational efficiency, material supply exclusivity and high margin services across high growth regions. Mr Navin Dhanuka, Director at ArisUnitern, said that the DaaS model couples capital, materials and execution expertise to convert complex financial distress into viable residential delivery.

ArisUnitern RE Solutions, a subsidiary of Arisinfra Solutions Limited, has completed a turnaround of the stalled Parth Gardenia residential project in Bengaluru within a year. The company applied its Developer-as-a-Service platform to transform a distressed asset afflicted by high leverage, regulatory delays and weakened partner confidence into a high-value development. The intervention restored project momentum and established operational clarity across stakeholders. Unitern acted as a surrogate developer and executed a comprehensive 360-degree strategy covering finance, approvals and construction management. The company achieved financial closure through debt settlement with lenders and secured all regulatory approvals, including RERA. Value engineering, FSI optimisation and structural audits were implemented to improve density and project economics. Construction is under way with six floors completed across two of the three towers. The project will be launched on March 19, 2026 and Unitern will manage pre-sales, sales, collections, customer relationship management, construction completion and daily cash flow until the formation of the association. The development comprises 288 premium two and three BHK units located about ten minutes from the Mall of Asia, in a high growth corridor with minimal direct competition. Sales and marketing plans have been instituted to position the offering to target buyer segments and to accelerate conversions. Project governance now includes enhanced reporting, stakeholder engagement and a focus on timely delivery. The gross development value is approximately Rs three billion (Rs 3 bn) and the initiative underscores Arisinfra’s integrated approach to distressed projects. Arisinfra Solutions Limited is described as India’s first listed company offering an organised construction material supply and services network that aggregates suppliers and manufacturers for large developers and contractors. The company serves a broad set of infrastructure and real estate clients and aims to deliver operational efficiency, material supply exclusivity and high margin services across high growth regions. Mr Navin Dhanuka, Director at ArisUnitern, said that the DaaS model couples capital, materials and execution expertise to convert complex financial distress into viable residential delivery.

Infrastructure Urban

01 May 2026

How Hormuz is Hijacking Indian Highways

At the recently held RAHSTA Round Table on 29th April in Pune, and earlier during our webinars for Cement Expo by Indian Cement Review and by FIRST Construction Council on manufacturing construction equipment for the world, one thread lay common: the industry is being subjected to a cost-push chain reaction moving from crude oil → freight/insurance → steel, cement fuel, bitumen, polymers, packaging, logistics and finally project margins. Indeed, the West Asia crisis caused by the war and the Hormuz Strait blockade, which does not directly concern us, has turned around and hit us. If the wa..

Real Estate

30 Apr 2026

Nila Spaces Lists VIDA on Alt DRX, Enables Fractional Ownership

Nila Spaces has listed its GIFT City residential project VIDA on Alt DRX, marking the first tokenised asset under the platform’s “Gujarat Tri-City Investment Opportunity.” The move enables retail investors to participate in premium real estate across Ahmedabad, Gandhinagar and GIFT City starting from the equivalent of 1 sq ft ownership.The initiative aims to address traditional barriers in residential real estate investment, including high entry costs, low liquidity and lengthy transaction cycles. By enabling fractional ownership, the model reduces entry thresholds from Rs 7.5 million–..

Real Estate

30 Apr 2026

Mindspace REIT Reports Strong FY26 Performance

Mindspace Business Parks REIT reported a strong performance for Q4 FY26 and FY26, supported by robust leasing activity, rising occupancy and improved financial metrics across its portfolio.Portfolio committed occupancy increased by 1.2 per cent QoQ to 95.7 per cent, while the REIT achieved gross leasing of 3.5 million sq ft in Q4 FY26 and 7.1 million sq ft for the full year. Pre-leasing remained strong, with nearly 2.0 million sq ft secured at Mindspace Madhapur, Hyderabad, reflecting sustained demand from global occupiers.Revenue from operations rose 31.0 per cent YoY to Rs 8.88 billion in Q4..