Arihant Foundations Acquires Two Land Parcels for Real Estate Development in Chennai, India

MT Newswires Live11-06

Real estate developer Arihant Foundations & Housing (NSE:ARIHANT, BOM:531381) has acquired two land parcels in the central business district of Chennai, India, according to a Thursday filing to the Indian stock exchanges.

The two land parcels have a combined estimated gross development value (GDV) of 5 billion Indian rupees.

The first project is planned as a high-end office development, while the other will have luxury residential apartments.

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