Arihant Foundations to Invest Rs 650 Crore in Bengaluru and Chennai Real Estate Ventures

Arihant Foundations and Housing, Chennai-based real estate developer is planning to invest Rs 650 crore in its home city Chennai and Bengaluru in the upcoming fiscal year 2025. This investment plan is spearheaded by Managing Director Kamal Lunawath.

A substantial portion of this investment, amounting to Rs 150 crore, will be earmarked for the development of Grade A office spaces in Bengaluru. By venturing into commercial real estate, Arihant aims to diversify its portfolio and tap into new avenues of growth and revenue generation.

In Bengaluru, Arihant's strategic focus areas for commercial development include locations near the central business district, the northern region, and the eastern IT corridor of Whitefield. These strategic locations are poised to attract businesses and professionals seeking premium office spaces in prime locations. By leveraging its expertise in real estate development and market insights, Arihant aims to capitalize on the burgeoning demand for commercial properties in Bengaluru.

Simultaneously, Arihant will deploy the remaining Rs 500 crore in various real estate projects across Chennai. The company's investment plans in Chennai encompass both residential and commercial developments, with a focus on delivering world-class amenities and sustainable living spaces to its customers. Moreover, Arihant is actively scouting for land suitable for residential developments in both Chennai and Bengaluru. 

In terms of project scale, Arihant envisions developing approximately 0.5 million square feet of commercial space and 1 million square feet of residential space across both cities during the fiscal year 2025. These projects are aimed to redefine urban living and working experiences, setting new benchmarks for quality, innovation, and sustainability in the real estate sector.

Arihant's transformative investments in Chennai and Bengaluru reflect its vision to create enduring value for its customers, investors, and stakeholders. With a robust pipeline of projects, Arihant Foundations and Housing aims to capitalize India's rapidly evolving real estate landscape.