- Business
- Arihant Foundations & Housing Limited (ARIHANT.BO) engages in real estate development and related activities in India, primarily focusing on the construction of residential complexes, commercial properties, IT parks, villas, apartments, plotted developments, office spaces, retail spaces, and integrated townships through joint development models; its offerings include luxury apartments in gated communities with amenities such as clubhouses and swimming pools, affordable housing schemes, townhouses, premium residential homes like Mélange in Saligramam with 99 units of 3- and 4-BHK apartments, Vivriti on OMR Kottivakkam with 12 4-BHK units, Krsna in Abhiramapuram with 6 3-BHK homes, Reserve16 plotted development with 238 villa plots on ECR Pattipulam, and commercial projects such as Vayu in Perungudi. Incorporated in 1992 and headquartered in Chennai, Tamil Nadu, the company operates predominantly in South India, targeting individual homebuyers, families, corporate entities, institutional clients, real estate investors, and community organizations in high-growth areas like Chennai's IT corridor, OMR, and upscale neighborhoods. Recent developments include a Rs 109 crore preferential equity allotment in November 2024 from investors such as Lotus Family Trust managed by Madhusudan Kela and CaratLane founders Mithun and Siddhartha Sacheti to fuel expansion in residential, commercial, and senior housing projects across South India, with Rs 76.31 crore received and utilized by September 2025 per ICRA monitoring; a joint acquisition with Prestige Group in June 2025 of a 3.48-acre land parcel in Velachery, Chennai, for premium residential development with a gross development value exceeding Rs 1,600 crore; strong H1 FY26 financial performance with consolidated revenue of Rs 174.98 crore and PAT of Rs 20.05 crore for Q2 ended September 30, 2025, reflecting significant YoY growth; and ongoing projects emphasizing joint ventures that constitute approximately 95% of its developments.