Arihant Superstructures, a renowned real estate developer, has announced its entry into plotted development with an ambitious project ‘World Villas’ in Chowk, Navi Mumbai.The company plans to invest Rs 700 crore in constructing a sprawling township, encompassing 76 acre of land, and aims to deliver 500 luxury villas and a 200-room resort. In this venture, Arihant Superstructures will allocate approximately 55 acre of land for the construction of luxury villas, targeting buyers seeking their first homes.The remaining land will be utilised for the development of a gymkhana, club, and resort, creating a comprehensive ecosystem for residents.
While the company has primarily focused on affordable and mid-segment housing in Navi Mumbai and Jodhpur, it now recognizes the potential in plotted development by integrating supporting infrastructure. Situated in a vibrant neighborhood, the project is strategically located opposite the renowned ND’s Film Studio and in proximity to the reliance township, which includes the prestigious Dhirubhai Ambani Hospital and Hiranandani Fortune City in Panvel. The site also offers scenic views of the Bhilavle Dam and Prabalgad’s lush greens, while nearby Karjat boasts celebrity farmhouses, picturesque waterfalls, ancient forts, and majestic mountain ranges.