🏗️ Arihant to Launch ₹1,200 Crore Residential Project Near Chennai's IT Corridor
Arihant Foundations & Housing Ltd, a prominent real estate developer in South India, has made a significant move by acquiring prime land at the gateway of Chennai’s IT corridor, near Old Mahabalipuram Road (OMR). The developer plans to invest over ₹1,200 crore in a high-end residential township project, signaling robust demand in one of India’s fastest-growing realty belts.
📍 Location Advantage
The land is strategically located at the entry point of OMR, Chennai’s booming technology and commercial zone that houses major IT parks, corporate offices, and educational institutions. This proximity is expected to attract working professionals, NRIs, and investors looking for smart, future-ready homes.
🏙️ Project Highlights
Total Investment: ₹1,200 crore
Location: Gateway of Chennai IT Corridor (OMR)
Type: Premium Residential Township
Target Audience: IT professionals, urban families, NRI buyers
Planned Features: Clubhouse, smart home systems, green zones, co-working spaces, and wellness amenities
Arihant aims to launch the project in early 2026, with construction starting by mid-2025 post necessary approvals.
📈 Market Impact
With Chennai’s real estate witnessing a post-COVID boom, especially around IT corridors, this project could set a new pricing benchmark in the micro-market. The land value appreciation in OMR has consistently grown by 10-15% annually, indicating strong investor interest.
🏡 Why It Matters
Strengthens Arihant’s portfolio in South India
Addresses demand-supply gap in quality housing on OMR
Catalyzes infrastructure development near project location
Expected to create 3,000+ jobs during construction and post-launch phases
❓ FAQs
Q1: Where is Arihant’s new project located?
It is located at the entrance of Chennai’s Old Mahabalipuram Road (OMR), near the IT corridor hub.
Q2: When will the project be launched?
The project is expected to be launched in early 2026, with construction starting in mid-2025.
Q3: What kind of homes will be offered?
The project will feature premium apartments with modern amenities targeting professionals, families, and NRIs.
Q4: Why is this project important?
It aligns with Chennai’s growing real estate demand near IT zones and offers investment potential with lifestyle perks.
Q5: How much is Arihant investing?
Arihant plans to invest ₹1,200 crore in this township project, one of its largest residential developments to date.
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Reported by Benny on June 25, 2025.
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