Arihant Foundations & Housing, a Chennai-based real estate developer, has announced the acquisition of a strategically located three-acre land parcel on MGR Salai, Perungudi. Positioned at the gateway to the city's bustling IT corridor along Old Mahabalipuram Road (OMR), the site is earmarked for the development of a premium residential community spread across 0.7 million sq. ft., with a gross development value (GDV) of Rs 31,200 crore.

The location offers proximity to over 15 million sq. ft. of Grade A office space, including Global Infocity Park, Brookfield Millenia Park, and DLF Downtown, making it one of Chennai’s most sought-after residential destinations. The project aims to cater to the rising demand for high-quality housing among professionals working in these tech and business hubs. Arihant’s upcoming development will feature modern architecture, curated amenities, and lush green open spaces.

Construction work will begin after receiving necessary regulatory approvals, and launch timelines will be revealed in due course. The project is set to further strengthen Arihant's portfolio and solidify its footprint in Chennai's growing real estate landscape.