Prestige Estates Projects Ltd, a leading real estate developer based in Bengaluru, has entered into a framework agreement with Chennai-based Arihant Foundations & Housing Ltd to jointly develop real estate projects in Chennai.
Under this collaboration, both companies will actively identify and execute projects across various real estate segments, including residential, commercial, retail, and hospitality. They will carry out the developments through a joint venture model, with each partner bringing in its unique strengths, brand reputation, and market expertise to deliver high-quality projects that meet the evolving needs of Chennai’s urban landscape.
Moreover, each project under this alliance will operate under separate, definitive agreements, which the companies will finalize as they identify specific opportunities.
This partnership directly supports Prestige Group’s strategy to expand its footprint in key Indian cities. By forming strategic alliances, Prestige aims to create long-term value and scale its presence efficiently.
The collaboration between Prestige Estates and Arihant Foundations represents a decisive step toward unlocking Chennai’s real estate potential. By combining their expertise and strong market presence, the two companies plan to deliver diverse, high-caliber developments that cater to the city’s rising demand.
This joint effort not only accelerates Prestige’s growth strategy but also reflects increasing investor confidence in Chennai’s real estate sector.
