Chennai Real Estate Firm Arihant Foundations & Housing Raises Rs 1.09 Billion through Preferential Equity Allotment
Chennai-based real estate firm Arihant Foundations & Housing Limited has achieved a significant milestone in its growth trajectory by raising Rs 1.09 billion through a preferential equity allotment. This strategic infusion of funds comes from a prominent group of investors, which includes the Lotus Family Trust, managed by Madhusudan Kela, and CaratLane founders Mithun and Siddhartha Sacheti.
Expanding the Footprint and Strengthening Financial Base
The raised funds will further solidify Arihant’s position as a key player in the real estate market in South India. With its financial base strengthened, Arihant is now in a better position to expand its footprint and undertake more projects in the region. These developments will include various segments such as residential, commercial, and senior housing.
Speaking about the strategic investment, Mithun Sacheti, Founder of CaratLane, expressed excitement about collaborating with Arihant and supporting their mission to create exceptional urban spaces. The stellar track record of Arihant in delivering quality and innovation has garnered the support of the esteemed investors.
Partnership for Growth and Vision
Highlighting the significance of the partnership, Kamal Lunawath, Managing Director of Arihant Foundations, emphasized how the expertise and commitment of the investors align perfectly with their vision for growth. Lunawath believes that the support from the investors will be invaluable in scaling operations, driving innovation, and expanding their reach across South India.
With this recent infusion of funds, Arihant Foundations is poised to play a pivotal role in the continued development and transformation of the real estate landscape in Chennai and beyond. As the company expands its presence and introduces innovative projects, homeowners in the region can look forward to more quality living spaces and urban amenities.
