Latest news with #ArihantFoundations&Housing
Business Standard
3 days ago
- Business
- Business Standard
Arihant Foundations & Housing acquires 3-acre land parcel in Chennai
To develop premium residential project with GDV of Rs 1200 cr Arihant Foundations & Housing announced the acquisition of a strategically located 3-acre land parcel on MGR Salai, Perungudi situated at the gateway to the city's thriving IT corridor along Old Mahabalipuram Road (OMR). The proposed development will be a premium residential community of 0.7 Million Sq Ft with a Gross Development Value (GDV) of Rs 1,200 crore. This marquee site is located within walking distance of over 15 million square feet of Grade A office space including Global Infocity Park, Brookfield Millenia Park and DLF Downtown, positioning it as one of the most desirable residential destinations in Chennai. The project is poised to meet the strong demand for high-quality homes among professionals working in these thriving business hubs.
Business Standard
17-06-2025
- Automotive
- Business Standard
Rane (Madras) jumps after board approves land sale in Velachery
Rane (Madras) surged 12.31% to Rs 1012.15 after the company's board approved the sale of a significant land parcel in Tamil Nadu. The board has given the approval to sell approximately 3.48 acres out of a total 4.5-acre plot located in Velachery, Chennai, to Canopy Living LLP -- a joint venture between real estate players Arihant Foundations & Housing and Prestige Estates Projects. This move comes after shareholder approval was secured in May 2025. The company has not disclosed the sale value or expected timelines for completion. Rane (Madras) is a preferred supplier to major OEMs and Aftermarket in India and abroad. It manufactures various automotive products, viz. steering and suspension systems, brake components, engine components, and light metal casting components. Its products serve a variety of industry segments including passenger vehicles, commercial vehicles, farm tractors, two-wheelers, three-wheelers, railways and stationery engines.
