Arihant Foundations & Housing Limited has Raised Rs 109 Cr in Funding

A sum of Rs 109 crore was given to Arihant Foundations & Housing Limited through preferential equity allocation. Along with Mithun and Siddhartha Sacheti, the creators of CaratLane, it obtained the funding from prestigious investment funds, including the Lotus Family Trust, which is run by Madhusudan Kela.

Through the development of projects spanning residential, commercial, and senior housing, the firm will use the money to broaden its footprint and establish a stronger presence throughout South India.

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Arihant Foundations is a South Indian real estate developer with its headquarters in Chennai.

According to a statement, Arihant Foundations hopes to fortify its capital basis through this strategic alliance, enabling the business to increase its expansion and project development activities.

“Arihant has consistently demonstrated a commitment to quality and innovation in the real estate industry. We are thrilled to partner with our investment partners and support their mission of creating outstanding urban spaces,” said Mithun Sacheti, Founder Caratlane. 

“We are thrilled to have collaborated with these strategic investors. Their insights, experience, and commitment to excellence are aligned with Arihant’s growth vision. This relationship will provide valuable support as we continue to scale our operations, innovate, and expand our footprint in South India” added Kamal Lunawath, Managing Director of Arihant Foundations. 

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