Key Transaction Details
- Acquisition: Prime land parcel measuring over half an acre
- Location: Anna Salai (Mount Road), Chennai, adjacent to Hyatt Regency Chennai
- Date of Disclosure: 02nd July 2026
Development Plans
- Proposed development: Boutique Grade A commercial office project
- Estimated Gross Development Value (GDV): Approximately ₹300 crore
- Target sectors: Corporates, global capability centres (GCCs), information technology, financial services, and engineering
Strategic Context
This acquisition forms part of the Company's strategy to expand its commercial real estate portfolio through development of high-quality Grade A office assets in prime and land-scarce micromarkets within Chennai. The development model focuses on acquiring well-located parcels in prime, land-scarce pockets of the city and developing them into boutique Grade A office buildings with design-led, high-specification developments in established central locations.
Company Background
Arihant Foundations & Housing Limited is a Chennai-based real estate company with over four decades of experience and a delivery track record exceeding 25 million sq. ft. The ongoing project portfolio has a GDV of ₹11,251 crore spanning approximately 8 million sq. ft, covering luxury residential, commercial, senior living, and plotted developments. The company is noted as a pioneer in high-rise developments in Chennai and has executed over 90% of projects through joint development ventures.
Management Commentary
Kamal Lunawath, Managing Director, stated: "Mount Road is Chennai's most prestigious commercial address, and demand for premium Grade A office space in the central business district continues to strengthen. This development is an important step in expanding our commercial portfolio, and we are committed to creating a landmark asset that reflects Arihant's four decades of building with distinction."