Arihant Superstructures Ltd. has completed an outright purchase of additional 51 acres of land at Chowk, Navi Mumbai.
With this the company now has totally acquired 76 acres of contiguous land for its new low-rise project comprising of Plotted Development & Constructed Villas. The project shall also be designed with a 200-room Hotel-Resort which can be used for Destination wedding ceremonies, corporate events and convention center enabling the Company to generate consistent revenues similar to a lease model. Land allocation will also be done to design a Gymkhana Club, which shall generate membership revenues.
About Arihant Superstructures Limited:
ASL is listed on National Stock Exchange – Scrip Code: ARIHANTSUP and Bombay Stock Exchange – Scrip Code: 506194, is one the largest real estate players in affordable and mid-income housing segment in the MMR region. They have a dominant presence in high growth regions like Mumbai MMR (Badlapur, Shilphata, Taloja, Kharghar, Vashi, Panvel, Karjat, Khopoli, Kalyan, Titwala & Chowk) and Jodhpur, Rajasthan. The group has a history of having delivered more than 10,000+ homes with about 9.5 mn square feet of space constructed on 60+ projects. Largest market share of 13% in Navi Mumbai. Market share of 5% to 50% in most micro markets where ASL operates.
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