Arihant Superstructures’ shares rose over 3% following the company’s announcement of acquiring an additional 11 acres of land for its prestigious World Villas project. Located off the Old Mumbai-Pune Highway near Chowk-Karjat Road, the acquisition will expand the project to 88 acres, enabling the addition of more villas to the residential layout.
This expansion positions the World Villas project in the rapidly developing Navi Mumbai Airport region, just 30 minutes from the upcoming Navi Mumbai International Airport and MTHL Sea Link. The project is expected to generate over ₹1,200 crore in revenue, enhancing its long-term potential for growth.
Arihant Superstructures shares opened at 446.70 today, reaching a high of 465.00 and a low of 446.60. The stock is currently trading near its 52-week high of 475.40, showing strong performance. The 52-week low stands at 259.65, indicating significant growth over the past year.
As of 9:45 am, Arihant Superstructures shares were trading 3.50% higher at Rs 457.75 on the NSE.
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