BSECompany Update7h ago · 25 Sept 2026, 12:38 pm
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".
Arihant Superstructures Ltd · 506194
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Arihant Superstructures Ltd's wholly owned subsidiary Dwellcons Pvt. Ltd. has signed a landmark agreement with ITC Hotels to develop a luxury hotel at World Villas, Chowk Mumbai 3.0, with a projected annual revenue of ₹150-200 crores and an operating margin of 45%.
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Arihant Superstructures Ltd - 506194 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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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