Chennai, India – Arihant Foundations & Housing Limited, a leading real estate developer based in South India, has successfully raised Rs 109 crore through a preferential equity allotment. The investment comes from prominent investors, including the Lotus Family Trust, managed by Madhusudan Kela, along with CaratLane founders Mithun and Siddhartha Sacheti.
The funding will be used to enhance the company’s capital base, enabling it to accelerate its expansion across South India. Arihant Foundations plans to focus on developing a diverse range of projects, including residential, commercial, and senior housing developments.
Expanding Footprint Across South India
Arihant Foundations, headquartered in Chennai, has built a strong presence in the South Indian real estate market. With this fresh capital, the company aims to further expand its footprint, particularly in key cities across the region. The company is targeting growth not only in traditional residential spaces but also in senior housing, addressing the increasing demand for retirement and elderly care housing in urban areas.
The infusion of funds will allow Arihant to diversify its project portfolio and strengthen its position in an increasingly competitive market. By developing a wide range of housing types, the company is positioning itself to cater to the evolving needs of a growing and diverse population.
Strengthening Capital Base for Future Growth
The funds raised will support the development of new projects and the expansion of the company’s operations. With the additional capital, Arihant Foundations aims to continue delivering high-quality projects while capitalizing on emerging market opportunities. The company is focused on enhancing its project delivery capabilities, ensuring that it can meet the growing demand for modern, well-planned urban spaces in South India.
Focus on Innovation and Quality
Arihant Foundations has built a reputation for its commitment to quality and innovation in the real estate sector. The company’s focus on delivering well-designed, sustainable projects has allowed it to maintain steady growth in a highly competitive market. The infusion of Rs 109 crore will provide the necessary resources to continue innovating while scaling up operations.
The company is also placing emphasis on the development of senior housing projects, which is becoming an important segment in urban real estate. With an aging population, there is an increasing demand for specialized housing options that cater to the needs of seniors, and Arihant Foundations plans to expand its offerings in this area.
The Road Ahead
With the strategic investment, Arihant Foundations is poised to strengthen its position in South India’s real estate market. The funds will enable the company to expand its project development initiatives and grow its portfolio in key segments. As demand for residential, commercial, and senior housing spaces continues to rise, the company is well-positioned to meet the needs of a changing market while maintaining a focus on quality and innovation. The capital infusion ensures that Arihant Foundations can pursue its growth plans with confidence, further solidifying its presence as a leading real estate developer in the regio
