Arihant Foundations Acquires Prime Land in Chennai to Launch INR 31,200 Cr Premium Residential Project

Arihant Foundations & Housing, a prominent Chennai-based real estate developer, has made a significant move by acquiring a three-acre land parcel on MGR Salai, Perungudi. The newly acquired site is located at the entry point to the bustling Old Mahabalipuram Road (OMR) IT corridor, one of Chennai’s fastest-growing commercial zones. This strategic acquisition sets the stage for a premium residential project that is expected to reshape the urban residential experience in the area.

Massive Development with a Bold Vision

The proposed development will span 0.7 million sq. ft. and is projected to have a gross development value (GDV) of INR 31,200 crore. This bold and ambitious project will introduce a new wave of luxury living, blending upscale architecture with curated amenities and vast green open spaces. Arihant Foundations is aiming to build more than just homes — they are building a lifestyle that caters to the modern urban family and upwardly mobile professionals.

Unmatched Location Advantage Near Global Tech Parks

What makes this location even more appealing is its proximity to over 15 million sq. ft. of Grade A office space, including major landmarks such as Global Infocity Park, Brookfield Millenia Park, and DLF Downtown. This accessibility to Chennai’s top employment hubs makes the project a prime residential destination for IT and corporate professionals, significantly enhancing its investment and lifestyle value.

Designed for the Modern Buyer: Amenities, Sustainability & Open Spaces

Arihant Foundations has revealed that the project will feature contemporary design, luxury interiors, exclusive community amenities, and sustainable green spaces that promote well-being. With a focus on smart layouts and high-end finishes, the project will appeal to those seeking a balanced urban lifestyle in a serene, well-connected environment.

Timeline, Approvals, and Strategic Expansion

Construction is expected to commence following the receipt of statutory approvals, with official launch timelines to be announced soon. Once complete, this project will further reinforce Arihant Foundations’ standing as a major player in Chennai’s real estate market, showcasing their capability to deliver premium developments in high-demand corridors.

Project Highlights: Arihant Foundations in Chennai

• Location: 3-acre plot on MGR Salai, Perungudi, Chennai.

• Project Type: Premium residential development on 0.7 million sq. ft.

• GDV: Estimated at INR 31,200 crore

• Connectivity: Near major tech parks like Global Infocity, Brookfield Millenia, and DLF Downtown.

• Target Audience: IT professionals, corporate executives, and luxury home seekers.

• Features: Modern architecture, green open spaces, luxury amenities.

• Status: Awaiting regulatory approvals; launch timeline to be announced.

• Impact: Strengthens Arihant’s presence in Chennai’s booming real estate sector.

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