Arihant Acquires Prime Land in Chennai's IT Hub for Rs 12 Billion Housing Project
Chennai-based real estate developer Arihant Foundations & Housing has made a significant investment by acquiring a prime plot of land in the bustling IT hub of Chennai. The Rs 12 billion project is set to transform the area into a modern residential complex.
Real EstateChennaiHousing ProjectIt HubArihant Foundations HousingReal Estate NewsJun 27, 2025
The land, situated in the heart of Chennai's IT corridor, spans a significant area and is expected to be developed into a modern, integrated residential community. The project is set to include a mix of residential apartments, commercial spaces, and recreational facilities, catering to the growing demand for modern living solutions in the city.
According to the company, the project will be developed in phases, with the first phase expected to be completed within the next two years. The development will feature state-of-the-art amenities, including parks, fitness centers, and community spaces, making it an attractive option for both families and professionals.
Arihant Foundations & Housing, known for its expertise in delivering premium real estate projects, has a strong track record in the Chennai market. The company's focus on sustainable and eco-friendly practices aligns with the growing environmental consciousness among modern homebuyers.
The acquisition of this prime land is a strategic move that positions Arihant to capitalize on the burgeoning real estate market in Chennai. The IT hub, which includes areas such as MGR Salai, Perungudi, and Old Mahabalipuram Road (OMR), has seen significant growth in recent years, driven by the influx of IT companies and the resulting population boom.
The project is expected to create numerous jobs and stimulate economic activity in the region, contributing to the overall development of Chennai. The company's commitment to quality and innovation is expected to set a new benchmark for real estate development in the area.
In an interview, the CEO of Arihant Foundations & Housing expressed confidence in the project's success. 'We are excited about this opportunity to contribute to the growth of Chennai's real estate sector. Our goal is to create a living space that not only meets the needs of modern families but also enhances the quality of life in the city,' he stated.
The project is expected to attract a diverse range of buyers, including young professionals, families, and investors looking for a valuable addition to their property portfolio. With the rising demand for well-planned residential complexes, Arihant's new development is poised to become a landmark in Chennai's real estate landscape.
As the project progresses, Arihant Foundations & Housing will continue to update stakeholders and the public on the development's milestones and achievements. The company's focus on transparency and customer satisfaction is a key factor in its continued success in the competitive real estate market.
For more information about the project and to stay updated on the latest developments, interested parties can visit the company's official website or contact their sales team directly.
Frequently Asked Questions
What is the total cost of the project?
The total cost of the project is Rs 12 billion.
Where is the land located?
The land is located in the IT hub of Chennai, including areas such as MGR Salai, Perungudi, and Old Mahabalipuram Road (OMR).
What are the key features of the project?
The project will include a mix of residential apartments, commercial spaces, and recreational facilities such as parks, fitness centers, and community spaces.
When is the expected completion date for the first phase?
The first phase of the project is expected to be completed within the next two years.
What is Arihant Foundations & Housing's reputation in the market?
Arihant Foundations & Housing is known for its expertise in delivering premium real estate projects and its focus on sustainable and eco-friendly practices.
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