India, June 25 -- Arihant Foundations & Housing Ltd., a leading real estate developer in Chennai, has announced the acquisition of a prime 3-acre land parcel on MGR Salai, Perungudi—strategically positioned at the entry point to the city's bustling IT corridor along Old Mahabalipuram Road (OMR).
The planned development will span 0.7 million square feet, with an estimated Gross Development Value (GDV) of ?1,200 crore. The premium residential project is set to rise in one of Chennai's most sought-after locations, surrounded by over 15 million square feet of Grade A office spaces including Global Infocity Park, Brookfield Millenia Park, and DLF Downtown—making it ideal for professionals working in these thriving business hubs.
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