Equitas buys 1.7L sq ft Arihant property for ₹300 crore

Arihant Foundations is delighted to announce a ground-breaking mandate it has won from Equitas Small Finance Bank for the development of its cutting-edge corporate headquarters at Anna Salai, Chennai.

Nestled in the heart of Anna Salai, adjacent to the Little Mount metro station, and diagonally opposite the prestigious ITC Grand Chola at Guindy, the prime property measuring around 1 acre is poised to become a new landmark for the growing portfolio of Arihant Foundations. Approvals from the development authorities have been received for this development of just under two lakh square feet and it is all set to be completed in less than two years.

Mr. Kamal Lunawath, Managing Director of Arihant Foundations and Housing Ltd., stated, “Our commitment to creating innovative office spaces aligns effortlessly with the vibrant energy of business hubs across Chennai. With a focus on technology, strategic partnerships, and meticulous craftsmanship, we aim to shape the future of Chennai. We are delighted to contribute to Equitas’ vision by providing them with a space that reflects their commitment to excellence.“

Mr. Vasudevan PN, Managing Director and CEO of Equitas, expressed his enthusiasm for this collaboration, stating, “Our journey has always been fuelled by the ambition to revolutionise banking through trust. As we progress in our mission to create the most valuable bank for all stakeholders, we were keen to secure a distinguished space for our corporate office. Thanks to Arihant, we not only found an exceptional location but also a trusted development partner to help us build an iconic headquarters for Equitas.”

This collaboration underscores a significant stride in the shared pursuit of excellence by Arihant Foundations and Equitas Small Finance Bank. Together, they are setting the stage for a landmark corporate headquarters that will stand as a testament to innovation, trust, and growth in the banking sector.