Arihant Foundations & Housing Limited has successfully raised ₹109 crore through a preferential equity allocation. This funding round saw participation from prominent investors, including the Lotus Family Trust led by renowned investor Madhusudan Kela and CaratLane founders Mithun Sacheti and Siddhartha Sacheti.
Strategic Expansion Plans
The Chennai-based real estate developer plans to utilize the funds to:
- Expand its presence across South India
- Develop new projects in the residential, commercial, and senior housing sectors
- Strengthen its capital base to support ongoing and future projects
This strategic infusion will enable Arihant Foundations to scale operations and enhance its development activities, positioning the company for accelerated growth.
Investor Endorsements
Expressing enthusiasm about the collaboration, Mithun Sacheti, Founder of CaratLane, stated:
“Arihant has consistently demonstrated a commitment to quality and innovation in the real estate industry. We are thrilled to partner with our investment partners and support their mission of creating outstanding urban spaces.”
Kamal Lunawath, Managing Director of Arihant Foundations, highlighted the significance of the partnership:
“We are thrilled to have collaborated with these strategic investors. Their insights, experience, and commitment to excellence are aligned with Arihant’s growth vision. This relationship will provide valuable support as we continue to scale our operations, innovate, and expand our footprint in South India.”
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