Arihant Superstructures expands World Villas Project with strategic land acquisition

Arihant Superstructures Ltd (ASL), a leading name in the Mumbai Metropolitan Region (MMR) real estate sector, has announced the acquisition of 11 acres of land adjoining its prestigious World Villas project. This expansion aligns with ASL’s strategic vision of growth in the Navi Mumbai Airport region, an area often referred to as “Mumbai 3.0,” which is rapidly emerging as a hub for infrastructure and real estate development.

A Game-Changing Acquisition in Chowk-Karjat

Located off the Old Mumbai-Pune Highway and opposite ND Film Studios, the newly acquired property expands the total development area of World Villas to 88 acres. The additional land will allow ASL to extend its residential layout, particularly focusing on the construction of more villas. This strategic move underscores ASL’s commitment to creating high-quality, modern living spaces tailored to the increasing demand in Navi Mumbai and the MMR.

This acquisition is particularly significant given its proximity to critical infrastructure projects. The location is a mere 30-minute drive from the upcoming Navi Mumbai International Airport and the Mumbai Trans-Harbour Link (MTHL), which will connect Navi Mumbai with South Mumbai. This connectivity, coupled with the area’s robust development, is expected to elevate World Villas as a highly sought-after residential destination.

Navi Mumbai: A Rising Star in Real Estate

The Navi Mumbai and MMR regions are among India’s fastest-growing real estate markets, buoyed by an influx of infrastructure projects. These include the Navi Mumbai International Airport, industrial parks, special economic zones (SEZs), and corporate hubs. Collectively, these projects are expected to generate approximately one million jobs over the next decade, creating a parallel surge in the demand for residential units.

ASL’s strategic decision to focus on this region aligns with the anticipated growth trajectory. The company’s development of affordable, mid-income, and luxury housing options positions it well to cater to a diverse clientele in the area.

Leadership’s Perspective on the Expansion

ASL’s Chairman and Managing Director, Ashok Chhajer, emphasized the importance of this acquisition for the company’s growth objectives. He noted that the additional land will significantly enhance the saleable component of the World Villas project, increasing its revenue potential to over ₹1,200 crore. This development also supports ASL’s long-term goal of amassing a 300+ acre land bank in the MMR.

Chhajer reiterated the company’s commitment to leveraging Navi Mumbai’s growing influence as a prime real estate location. The area’s evolving infrastructure and job market are key drivers in ASL’s strategy to deliver value to its stakeholders while expanding its footprint.

About Arihant Superstructures

Founded in 1994, Arihant Superstructures Ltd is a prominent real estate developer with a strong presence in the MMR and Jodhpur, Rajasthan. Known for its dedication to quality, customer-centric approach, and robust engineering, ASL has established itself as an industry leader. The company is currently engaged in the development of 17 million square feet of projects across the affordable, mid-income, and luxury housing segments.

ASL’s ability to execute end-to-end operations, combined with its focus on ethical business practices, has cemented its reputation as a trusted name in the real estate industry.

Looking Ahead: A Promising Future

As the Navi Mumbai region continues to grow, ASL’s strategic investments are likely to pay substantial dividends. The World Villas expansion is not just a step forward for the company but also a testament to the potential of Navi Mumbai as a hub for high-quality residential projects. With an ambitious vision and a clear growth strategy, Arihant Superstructures is poised to play a significant role in shaping the future of real estate in the MMR.