Strategic Initiative Details

Agreement Structure: Dwellcons Private Limited, a wholly owned subsidiary of Arihant Superstructures Limited, entered into a Hotel Operating Agreement with ITC Hotels Ltd on September 24, 2026 for development of a luxury hotel under the "Mementos by ITC Hotels" brand.

Project Location: The hotel will be located at the Company's World Villas project at Chowk, Mumbai 3.0.

Project Scale:

  • Total Development Area: 90 acres of comprehensive lifestyle and residential development
  • Hospitality Footprint: 10 acres allocated exclusively for the 'Mementos by ITC Hotels' luxury property
  • Room Capacity: 227 rooms including 44 suites
  • Features: Largest banqueting facility in the city

Timeline: Construction and development phase is slated for completion in an estimated period of three years.

Financial Projections

Revenue Potential: Once operational, the property is projected to generate estimated annual revenue of ₹150 to ₹200+ crores at functional maturity (expected within first two years of operation).

Profitability: The hotel is expected to achieve an operating margin of 45%.

Strategic Value: The partnership establishes a reliable model for long-term annuity income and is expected to elevate the overall asset valuation of the World Villas project.

Market Positioning

The World Villas development represents a first-of-its-kind master-planned ecosystem in the Chowk region, designed to capitalize on the growing demand for premium leisure destinations. This is the first development of this scale in the region, catering specifically to:

  • Destination Weddings
  • MICE (Meetings, Incentives, Conferences, and Exhibitions) engagements
  • Leisure guests

The introduction of a world-class luxury brand positions Arihant Superstructures Limited at the forefront of Mumbai 3.0's booming tourism and hospitality sector.

Company Background

Arihant Superstructures Limited (ASL) is developing 19 projects encompassing 21 million square feet of area, representing over 15,000 units with estimated revenue potential exceeding ₹14,000 crores. The company has already developed 12.7 million square feet comprising 14,200 units across 67 projects.

Current Portfolio Spread: 12 high-growth micro-markets including Panvel, Kharghar, Vashi, Kalyan, Titwala, Karjat, Chowk, Khopoli, Taloja, Thane, Badlapur & Shilphata.

Diversified Product Mix: Luxury, mid-income and affordable housing segments, with expansion into hospitality and sports infrastructure.