ARIHANT FOUNDATIONS & HOUSING LTD. - Development agreement between Escapade Real Estate Private Limited (Associate Company) and Ashiana Housing Limited

Arihant Foundations & Housing Ltd has informed BSE that the Company's Associate Company Escapade Real Estate Private Limited has entered into a Development Agreement, on revenue sharing basis with Ashiana Housing Limited; a Delhi based Real Estate Company for development of a 'Senior Living Project' as well as 'Regular Group Housing Project', on 20 acres (approx.) of land with saleable area of 9.70 lakhs sq. ft. (approx.).<BR><BR>The proposed project is coming up at Sengundaram village, Maraimalai Nagar, off GST Road, Chennai (Tamil Nadu).