NEW DELHI: Arihant Foundations & Housing Limited has successfully secured a strategic investment of Rs 109 crore through preferential equity allotment, strengthening its financial position and paving the way for further expansion. The investment comes from a distinguished group of investors, including the Lotus Family Trust managed by renowned market expert Madhusudan Kela, and Mithun and Siddhartha Sacheti, founders of CaratLane, a leading online jewelry retailer. This funding was raised through a combination of equity allocation and capital infusion aimed at enhancing Arihant’s operational capacity and project development.
The significant investment will empower Arihant Foundations to accelerate its growth strategies and broaden its market reach, particularly across South India. The funds are earmarked to develop an array of projects that span residential, commercial, and senior housing, meeting the rising demand for diversified urban living solutions. The partnership aligns with Arihant’s focus on maintaining its legacy of quality and innovative real estate development.
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Mithun Sacheti, Co-founder of CaratLane, emphasized the value of their collaboration with Arihant, stating, “Arihant has consistently demonstrated a commitment to quality and innovation in the real estate industry. We are excited to partner with our investment associates and support their mission of creating outstanding urban spaces that resonate with the needs of modern city dwellers.”
Arihant Foundations’ Managing Director, Kamal Lunawath, expressed optimism about the future, saying, “We are thrilled to have collaborated with these strategic investors. Their insights, experience, and commitment to excellence are perfectly aligned with Arihant’s growth vision. This partnership will provide invaluable support as we continue to scale our operations, innovate, and expand our footprint in South India.”
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Arihant Foundations & Housing Limited, listed on the Bombay Stock Exchange under the ticker BSE: 531381, has over two decades of experience as a leading real estate developer based in Chennai. The company has successfully developed more than 20 million sq. ft. of residential and commercial properties, with an additional 2.5 million sq. ft. under construction, contributing to a gross development value exceeding ₹3,000 crore. Renowned for pioneering high-rise projects in Chennai, Arihant has delivered the most significant number of high-rise buildings in the city and has established itself as a trusted partner for joint property development ventures.
This partnership with Madhusudan Kela’s Lotus Family Trust and the Sacheti brothers marks a pivotal step in Arihant’s ambitious plans. The financial backing and industry expertise of these investors are set to bolster Arihant’s strategic initiatives, ensuring that the company continues to set new benchmarks in the competitive South Indian real estate market.