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

27 Jun 2025 CW Team

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鈥攊ncluding Global Infocity Park, Brookfield Millenia Park, and DLF Downtown鈥攖he site is positioned as a prime residential destination for professionals working in Chennai鈥檚 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.

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