Published On:August 27 2024
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Arihant and Empee Hotels Collaborate to Develop New Commercial Space in Chennai.
Chennai-based Arihant Foundations and Housing Ltd, through its Special Purpose Vehicle (SPV) Vilaya Properties LLP, has teamed up with Empee Hotels Ltd, the owners of Hilton Chennai, to develop a Grade-A commercial space adjacent to the hotel.
The project, covering approximately 3 lakh sq ft, has an estimated gross development value of around ₹500 crores. It will blend office space with hospitality services, providing a comprehensive commercial offering.
Strategically located in one of Chennai's most sought-after commercial corridors, this development aims to meet the growing demand for premium office spaces, particularly for Global Capability Centres (GCCs). Chennai has become a prime destination for GCCs, driven by its strong infrastructure, skilled workforce, and supportive government policies.
Arun Rajan, Chief Executive Officer of Arihant, stated, “This collaboration with Empee Hotels Ltd represents a significant step forward in our commitment to delivering premium commercial spaces in Chennai.”
HBL