Arihant Foundations & Housing Limited has announced a major land acquisition in Chennai through its joint venture partnership. The company disclosed the transaction under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, highlighting its strategic expansion in the Tamil Nadu real estate market.

Transaction Details

Canopy Living LLP, a limited liability partnership jointly owned by Arihant Foundations & Housing Limited and Prestige Estates Projects Limited, executed an Agreement to Sell on January 8, 2026, with Sundaram-Clayton Limited. The agreement covers the purchase of freehold land measuring 16.381 acres, strategically located in Korattur Village, Ambattur Taluk, Chennai District, Tamil Nadu.

Financial Structure

The transaction involves a total consideration of ₹560.67 crores, structured in two phases. The company has already demonstrated its commitment by paying an advance amount, with the remaining balance scheduled for payment upon formal completion of the sale deed.

Seller Information and Compliance

Sundaram-Clayton Limited, the seller in this transaction, is a listed company incorporated under the Companies Act, 2013, with CIN L51100TN2017PLC118316 and registered office in Chennai. The transaction maintains arm's length nature as the seller does not belong to the promoter, promoter group, or group companies of Arihant Foundations & Housing Limited.

Key compliance aspects of the transaction include:

• The transaction does not fall within Related Party Transactions
• The purchase is not part of any Scheme of Arrangement
• No slump sale provisions are applicable
• Full regulatory disclosure completed under SEBI guidelines

Strategic Partnership Structure

The acquisition is being executed through Canopy Living LLP, representing a collaborative approach between Arihant Foundations & Housing Limited and Prestige Estates Projects Limited. This joint venture structure allows both companies to leverage their combined expertise and resources for large-scale real estate development projects in key metropolitan markets.

The transaction is subject to completion of conditions precedent as agreed between the parties, with the expected completion timeline set for February 11, 2026. This structured approach ensures all regulatory and legal requirements are met before the final transfer of ownership.

Arihant Foundations & Housing , a Chennai-based real estate developer with a 40-year legacy, has reported strong financial results for the second quarter. The company's performance showcases significant growth and underscores its strong position in the real estate market.

Financial Highlights

Arihant Foundations & Housing delivered impressive quarterly results:

The substantial increase in both revenue and profit demonstrates the company's robust performance and effective execution of its business strategies.

Company Overview

Arihant Foundations & Housing has established itself as a significant player in the real estate sector over the past four decades. The company focuses on an asset-light joint venture model, concentrating on three key segments:

1. Residential
2. Commercial
3. Senior Living

With a gross development value of ₹6,336.00 crores across its ongoing projects, Arihant Foundations & Housing is well-positioned in the market.

Project Portfolio

The company's diverse project portfolio includes:

• Commercial Projects: Notable developments like Silhouette in Guindy (3,00,000 sq ft) and Sublime in OMR (3,20,000 sq ft)
• Senior Housing: Swarang in Nemmeli (ECR) and Shubam in GST, catering to the growing demand for specialized senior living spaces
• Luxury Residential: High-end projects such as Here & Now in Perungudi (6,60,000 sq ft) and Project V in Velechery (7,50,000 sq ft)
• Uber Luxury: Exclusive developments like Chirla in Poes Garden and Miraya in Besant Nagar

Strategic Growth Initiatives

Arihant Foundations & Housing is implementing a 5x growth strategy, leveraging its extensive experience and market positioning. Key aspects of this strategy include:

1. Market Focus: Capitalizing on Tamil Nadu's rapid growth (11.19% GSDP growth) and Chennai's booming office market
2. Infrastructure Catalysts: Benefiting from major infrastructure developments like Metro Phase II, new expressways, and a new airport
3. Redevelopment Opportunities: Leveraging reforms allowing 75% consent and 4x FSI for redevelopment projects

Management Expertise

The company's growth is driven by an experienced management team:

• Kamal Lunawath (Managing Director): Over 27 years of leadership, specializing in IT parks, townships, and luxury apartments
• Vimal Lunawath (CFO & Whole-time Director): 24 years of industry expertise, focusing on large-scale residential complexes
• Arun Rajan (CEO): A decade of experience in streamlining processes and driving business development

Future Outlook

With its strong project pipeline, strategic market positioning, and experienced management team, Arihant Foundations & Housing appears well-equipped to capitalize on the growing real estate opportunities in Chennai and Tamil Nadu. The company's focus on diverse segments, including the emerging senior living sector, positions it to meet evolving market demands.