Arisinfra wins Rs 100 crore development management contract in Bangalore
Arisinfra Solutions Limited announced on Thursday that its subsidiary, ArisUnitern RE Solutions Private Limited, has been awarded a significant contract by Village Wave Private Limited for a development management project in Bangalore. The project, located at Shingadi Kadirenahalli Village, spans approximately 21.9 acres and involves the development of plots and villas.
In a regulatory filing with the BSE and NSE, Arisinfra informed that the scope of the contract includes the exclusive supply of construction materials, project management, sales and marketing, and lender management services. The estimated value of the contract is approximately Rs 100 crore, and the execution period is expected to be up to 48 months from the contract's commencement date of July 3, 2025.
The company clarified that the order was awarded by a domestic entity and does not fall under related party transactions, nor do the promoters have any interest in Village Wave Private Limited.
Commenting on the development, Ronak Morbia, Chairman and Managing Director of Arisinfra Solutions, said the project strengthens the company's presence in Bangalore's growing real estate market and showcases its expertise in providing end-to-end development management services.
The company, formerly known as Arisinfra Solutions Private Limited, has been actively expanding its portfolio of professional services in the construction and real estate sectors.
This new project marks another step in Arisinfra's strategy to participate in large-scale residential developments in India's key cities.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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