NSEPress Release6h ago · 25 Sept 2026, 12:33 pm

Press Release

Arihant Superstructures Limited · ARIHANTSUP

✦ AI Summary▲ PositiveExpansion

Arihant Superstructures Limited's wholly owned subsidiary Dwellcons Pvt. Ltd. has signed a landmark agreement with ITC Hotels Ltd. to develop a luxury hotel under the 'Mementos by ITC Hotels' brand at the World Villas project in Chowk, Mumbai 3.0.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment8/10

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Full Announcement

Arihant Superstructures Limited has informed the Exchange regarding a press release dated September 25, 2026, titled "Press Release Arihant Superstructures Limited s wholly owned subsidiary Dwellcons Pvt. Ltd., Signs Landmark Agreement for a Luxury 'Mementos by ITC Hotels' at World Villas, Chowk Mumbai 3.0 .".

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Date: 25.09.2026 Corporate Relations Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Mumbai - 400 001 Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 Scrip Code: 506194 Symbol: ARIHANTSUP Class of Security: Equity Series: EQ Sub: Press Release – “Arihant Superstructures Limited’s wholly owned subsidiary Dwellcons Pvt. Ltd., Signs Landmark Agreement for a Luxury 'Mementos by ITC Hotels' at World Villas, Chowk Mumbai 3.0”. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), we are pleased to inform you that Dwellcons Private Limited, a wholly owned subsidiary of Arihant Superstructures Limited, has entered into a Hotel operating agreement with ITC Hotels Ltd on September 24, 2026 in connection with the development of a luxury Hotel under the “Mementos by ITC Hotels” brand at the Company’s World Villas project at Chowk, Mumbai 3.0. This disclosure is pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kindly take the above information on record. Thanking you, Yours faithfully, For Arihant Superstructures Limited Parth Chhajer Joint Managing Director DIN: 06646333 PRESS RELEASE Arihant Superstructures Limited’s wholly owned subsidiary Dwellcons Pvt. Ltd, Signs Landmark Agreement for a Luxury 'Mementos by ITC Hotels' at World Villas, Chowk Mumbai 3.0 MUMBAI, MAHARASHTRA – September 25, 2026 – Arihant Superstructures Limited has officially announced the signing of a major hospitality agreement, formalized on September 24, 2026, to develop a Premier Luxury Hotel, 227 rooms including 44 suites, largest banqueting of city, in the rapidly emerging Leisure and Tourism hub of Chowk, Mumbai 3.0. Partnering with the prestigious ‘Mementos by ITC Hotels’ brand, this new venture will anchor the company's expansive World Villas project. The introduction of a world-class luxury brand to the region marks a significant milestone for Arihant Superstructures Limited, positioning the company at the forefront of Mumbai 3.0‘s booming Tourism and Hospitality sector. Project Scale & Vision The World Villas development represents a first-of-its-kind master-planned ecosystem in the Chowk region, designed to capitalize on the growing demand for premium leisure destinations.  Total Development Area: 90 acres of comprehensive lifestyle and residential development.  Hospitality Footprint: 10 acres allocated exclusively for the ‘Mementos by ITC Hotels’ luxury property.  Target Completion: The construction and development phase is slated for completion in an estimated period of three years. Financial Projections & Strategic Value This strategic partnership is expected to drive substantial long-term value for Arihant Superstructures Limited. Beyond elevating the overall asset valuation of the World Villas project, the Hospitality Venture establishes a reliable model for long-term Annuity Income. Once operational, the property is projected to reach functional maturity within its first two years. At that functional level, the hotel is expected to generate an estimated annual revenue of ₹150 to ₹200+ crores, with an operating margin of 45%. This financial trajectory underscores the massive untapped potential of the Chowk, Mumbai 3.0 corridor as a premium destination. Driving Tourism in Mumbai 3.0 Arihant Superstructures Limited's World Villas project is the first to step into this specific region at such a massive size and scale catering to Destination Weddings, MICE engagements and Leisure guests by bringing the luxurious ‘Mementos by ITC Hotels’ brand to Chowk Mumbai 3.0. About Arihant Superstructures Limited: Arihant Superstructures Limited (ASL) is a prominent real estate developer with a strong market presence across the Mumbai Metropolitan Region (MMR) and Jodhpur, Rajasthan. The Company is currently developing 19 projects encompassing 21 million square feet of area, representing over 15,000 units with an estimated revenue potential exceeding INR 14,000 crores. The organisation has already developed 12.7 million square feet area comprising of 14,200 units across 67 projects. ASL's current portfolio is spread across 12 high-growth micro-markets—including Panvel, Kharghar, Vashi, Kalyan, Titwala, Karjat, Chowk, Khopoli, Taloja, Thane, Badlapur & Shilphata. The company operates a diversified product mix spanning luxury, mid-income and affordable housing segments, designed to de-risk operations across real estate cycles while enhancing margins. Beyond residential housing, ASL is expanding into hospitality and sports infrastructure. For further information, please contact: Udit Kasera Chief Financial Officer Arihant Superstructures Limited Phone: +91 98307 17788 E-mail: cfo@asl.net.in