JKB Financial Services Ltd.

As on : 06-Nov-2025

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06-Nov-2025 12:11

Arihant Foundations acquires two prime land Parcels in Chennai with GDV of Rs 500 crore

Located in Chennai's CBD micro-markets, these two projects underscore Arihant's continued focus on premium real estate development. The first project, situated near Boat Club, is planned as a high end office development catering to discerning corporate occupiers. The second, located in Kilpauk, will comprise luxury residential apartments offering contemporary design, superior specifications, and world-class amenities.

Kamal, managing director, Arihant Foundations, said: 'We are committed to creating differentiated spaces in Chennai's most prized locations.

These CBD acquisitions reinforce Arihant's focus on elevating the city's real estate landscape with high-end assets that deliver enduring lifestyle and commercial value.'

Arihant Foundations & Housing is a real estate company that develops commercial and residential projects in Chennai.

The company's consolidated net profit jumped 71.92% to Rs 16.35 crore on a 113.39% increase in revenue to Rs 82.58 crore in Q2 FY26 as compared with Q2 FY25.

The scrip fell 1.16% to currently trade at Rs 1,050 on the BSE.

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