### **Overview** Arihant Foundations & Housing Ltd is a leading Chennai-based real estate developer with over four decades of experience since its inception in 1984. Incorporated in 1992 and publicly listed in 1995, the company has established itself as one of the most trusted and legacy brands in Tamil Nadu’s real estate landscape. Known for quality, transparency, and timely delivery, Arihant has delivered over **25 million sq. ft.** of real estate across residential, commercial, and senior living segments, with more than **5 million sq. ft. currently under development**. Headed by Managing Director **Kamal Lunawath**, the company operates on an **asset-light, partnership-driven joint development model**, with approximately **90–95% of its projects executed through joint ventures (JVs)** with landowners. This model reduces capital intensity, enhances scalability, and ensures risk-controlled growth. --- ### **Core Business Segments & Project Portfolio** #### 1. **Residential** Arihant maintains a diversified residential portfolio, with **77% of ongoing projects in this segment**, focusing on: - **2–3 BHK mid- to premium housing** - **Ultra-luxury residences**, including: - **Miraya** (Besant Nagar, ₹125 Cr GDV) - **Chirla** (Poes Garden, ₹120 Cr GDV) - **Melange** (Saligramam, ₹192 Cr GDV) - **Vanya Vilas** (Purasawalkam, ₹93 Cr GDV) - **Plotted layouts**: *Arihant Reserve 16* in Pattipulam (ECR), 470,000 sq. ft., ₹150 Cr GDV (100% ownership) The company emphasizes **design-first principles**, **sustainable living**, and superior lifestyle amenities, targeting high-growth corridors like OMR (Old Mahabalipuram Road), Thoraipakkam, and Pallavaram. #### 2. **Commercial** Arihant is expanding its **Grade-A office footprint** to meet rising demand from GCCs and Fortune 500 firms. Key projects include: - **Silhouette, Guindy** (241,278 sq. ft., ₹500 Cr GDV) - **Sublime on OMR** (310,000 sq. ft., ₹450 Cr GDV) - **Equitas Tower, Saidapet** (173,000 sq. ft., ₹267 Cr GDV) - **Vilaya Properties LLP** JV with Empee Hotels: Grade-A office adjacent to Hilton Chennai (300,000 sq. ft., ₹500 Cr GDV) Notably, **80,000 sq. ft. of commercial space was pre-sold before launch**, reflecting strong corporate confidence. #### 3. **Senior Living** Arihant pioneered **organized senior housing in Chennai** through a strategic partnership with **Ashiana Housing**, launching: - **Swarang** (Nemmeli, ECR): 550,000 sq. ft., ₹420 Cr GDV - **Shubam** (GST Road): 529,000 sq. ft., ₹286 Cr GDV The joint venture is investing ₹225 crore, with Swarang's Phase I delivering 134 units in 24 months. #### 4. **Redevelopment & Land Acquisition** Arihant is a leader in Chennai’s **organized redevelopment market**, capitalizing on relaxed regulations. Recent strategic land acquisitions include: - **MGR Salai, Perungudi** (3 acres, ₹1,200 Cr GDV) – premium residential near IT corridor - **Boat Club & Kilpauk** (CBD) – combined ₹500 Cr GDV for high-end office and luxury residences The company also formed **Canopy Living LLP**, a JV with **Prestige Group**, to develop a **3.48-acre prime parcel in Velachery** (7.5 lakh sq. ft., ₹1,600+ Cr GDV), signaling a bold push into premium residential markets. --- ### **Financial Performance (FY25 Highlights)** - **Revenue**: ₹221.4 crore (**+66% YoY**) - **EBITDA**: ₹79.7 crore (**36% margin**) - **Profit After Tax (PAT)**: ₹42.7 crore - **Pre-sales**: ₹400.77 crore (record high) - **Debt-to-Equity Ratio**: 0.80 (disciplined capital structure) - **Return on Equity (ROE)**: 11.48% The company maintains **strong creditworthiness** with leading financial institutions, supports cash flow through bulk procurement, and mitigates construction cost risks via efficient planning. --- ### **Market & Competitive Advantages** #### **1. Asset-Light, Scalable Model** - ~95% of projects via joint ventures → low capital intensity, minimal overhead - Enables high **Gross Development Value (GDV) with controlled risk**: **₹2,996 Cr GDV in pipeline**, ₹1,585 Cr attributable share #### **2. Strategic Geographic Focus** - Dominant presence in **Chennai**, with expansion plans in **Bangalore** leveraging proven JV model - Projects located in infrastructure-led growth corridors (e.g., Phase II Chennai Metro, OMR) enhancing long-term asset value #### **3. Institutional Partnerships** - Long-standing relationships with **Fortune 500 companies** (e.g., HCL, Verizon) and Indian corporates (Equitas, JP Morgan, Prestige) - Early mover in IT parks: **Technopolis (2005, HCL)**, **Viceroy (2003, Verizon)** #### **4. Operational Strength** - **Dynamic, youthful workforce** ensures agility and efficiency - **Design-first philosophy** allows **premium pricing** (avg. realization of **₹12,131/sq. ft.**) - Multi-cycle resilience through past downturns --- ### **Recent Strategic Moves (2024–2025)** | Date | Key Development | |------|-----------------| | Aug 2025 | JV with Prestige Group for Velachery land; acquisition of ₹1,200 Cr GDV residential project | | Jun 2025 | Acquisition of 3-acre land on MGR Salai for premium residential (₹1,200 Cr GDV) | | Apr 2025 | Announcement of divestment of Equitas Tower (asset monetization) | | Sep 2024–25 | Multiple project launches in senior living (Swarang), commercial (Vayu), and luxury residential (Chirla, Melange) | | Feb 2025 | Launch of *Arihant Reserve 16*; Q3 sales: 98,433 sq. ft. at ₹10,240/sq. ft. | | Nov 2024 | Swarang launch contributed ₹100.18 Cr from 81,611 sq. ft. at ₹12,275/sq. ft. |