Arihant Superstructures Ltd (ASL), a leading real estate developer in the MMR region, announced the acquisition of an additional 11 acres of land adjoining its prestigious World Villas project. Located off the Old Mumbai-Pune Highway near Chowk-Karjat Road and opposite ND Film Studios, the expansion aims to enhance the project’s residential offerings.
Key Highlights:
- Project Expansion: The acquisition will increase the World Villas project development to 88 acres, with plans to add more villas to the residential layout.
- Strategic Location: The project is situated in the Navi Mumbai Airport region of “Mumbai 3.0,” just a 30-minute drive from the upcoming Navi Mumbai International Airport and MTHL Sea Link connecting South Mumbai.
- Revenue Potential: The expanded project is projected to generate revenue exceeding ₹1,200 crore.
Market Insights:
The Navi Mumbai-MMR region is witnessing rapid growth, driven by infrastructure projects such as the Navi Mumbai International Airport, MTHL, SEZs, and corporate parks. These developments are expected to create over 1 million jobs in the next decade, fueling demand for residential units.
Management Statement:
Mr. Ashok Chhajer, CMD of Arihant Superstructures Ltd, remarked, “This additional land acquisition strengthens the saleable potential of the World Villas project by adding more villas, aligning with our goal of achieving a 300+ acre land bank in the MMR region. Our growth focus remains concentrated on Navi Mumbai Airport’s influential area.”
About Arihant Superstructures:
Established in 1994, ASL has become a benchmark for quality and innovation in real estate development. The company is currently developing 17 million sq. ft. of projects across the affordable, mid-income, and luxury housing segments in MMR and Jodhpur, Rajasthan.
This acquisition marks another milestone in ASL’s growth strategy, reinforcing its commitment to delivering value to stakeholders and enhancing its presence in high-growth regions.
