Arisinfra and Merusri Developers Launch Merusri Sunscape, an Exclusive Villa Community on Bengaluru's IVC Road

Arisinfra Solutions Ltd. (NSE, BSE: ARISINFRA) is pleased to announce that its subsidiary, ArisUnitern RE Solutions Pvt. Ltd. (Unitern), a leading Development Management Partner, and Merusri Developers, a prominent Bengaluru-based real estate developer, today announced the launch of Merusri Sunscape, a boutique luxury villa community on IVC Road. Spanning 5.5 acres, the project is set to redefine high-end living in one of the city's fastest-growing corridors.

With a total development area of 275,000 sq. ft. and a saleable area of 235,000 sq. ft., the project is anticipated to have a Gross Development Value (GDV) exceeding ₹250 crore. The launch begins with a high-powered Channel Partner (CP) event on August 27-28, expected to see participation from over 500 CPs, followed by the official public launch on August 30.

Merusri Sunscape comprises 76 exclusive villas, with 52 units released in Phase 1. Ranging from 2,410 sq. ft. to 3,850 sq. ft., the villas are available in 3- and 4-BHK configurations. The remaining 24 premium villas will be released at a later stage.

The company will manage the entire project lifecycle, including execution, operations monitoring, sales, customer relationship management (CRM), collections, and unit handover. The project is fully compliant with all regulatory requirements, including RERA, and has achieved complete financial closure. Construction is expected to be completed within 30 to 36 months.

Navin Dhanuka, Director, ArisUnitern said, "We are thrilled to partner with Merusri to bring Merusri Sunscape to the market. This project is a testament to our commitment to delivering high-quality, exclusive living spaces. Our comprehensive Development Management model ensures that every aspect, from design to delivery, is executed with precision and excellence. Merusri Sunscape is a landmark project for us, and we are confident that the market, which has been eagerly awaiting this launch, will respond very positively. The project's robust financial backing and our end-to-end management approach assure prospective homeowners of a seamless and trustworthy experience."

Mr. Venkateswara Reddy, CMD, Merusri said, "Merusri Sunscape is the culmination of our vision to create a unique and luxurious community in one of Bengaluru's most promising locations. We are proud of the meticulous planning and thoughtful design that has gone into every villa. Partnering with Arisunitern provides us with a strategic advantage, leveraging their expertise in development management to ensure the project's success and timely delivery. We believe this project will set a new benchmark for villa communities in Bengaluru and offer a truly exceptional lifestyle to its residents."

Project Highlights

Location: IVC Road, Bengaluru
Total Area: 5.5 acres
Total Villas: 76 (52 in the first phase)
Configurations: 3BHK and 4BHK
Saleable Area: 235,000 sq. ft.
Approvals: All necessary approvals, including RERA, are in place.

Financials: The project has achieved complete financial closure, with funding from Aditya Birla. Home loans for the project have been approved by major banks like SBI and Tata Capital, with approvals from HDFC, ICICI, Axis, and LIC Housing currently in progress.

Shares of ArisInfra Solutions Limited was last trading in BSE at Rs. 149.40 as compared to the previous close of Rs. 144.40. The total number of shares traded during the day was 151110 in over 3469 trades.

The stock hit an intraday high of Rs. 153.45 and intraday low of 146.75. The net turnover during the day was Rs. 22687174.00.

Source : Equity Bulls

Keywords

ArisInfraSolutions INE0H9P01028 ConstructionMaterials ArisUniternRESolutions MerusriDevelopers MerusriSunscape LuxuryVillaCommunity IVCRoad