Arisinfra's Unitern Secures ₹400 Cr GDV Project in Kalina
Arisinfra's subsidiary, Unitern, secured a ₹400 crore GDV project in Kalina, Mumbai, as a Developer-as-a-Service partner for Transcon UNO. This marks their second mandate from Transcon Group, increasing Unitern's total DaaS project GDV to over ₹2,500 crore. Unitern will manage construction, sales, and material supply for the 1.06 lakh sq ft commercial project.
The ₹400 crore GDV project is substantial and represents a second mandate from the same client, strengthening the company's position in the DaaS market. It contributes to a growing pipeline of projects, impacting future revenue.
The announcement details a significant new contract win for the company's subsidiary, indicating business growth and successful execution of its DaaS model, which is viewed positively.
Arisinfra Solutions Limited announced that its subsidiary, ArisUnitern RE Solutions Private Limited ("Unitern"), has been appointed by Transcon Group as the Developer-as-a-Service (DaaS) partner for Transcon UNO in Kalina, Mumbai. This is Unitern's second mandate from Transcon Group, bringing the total Gross Development Value (GDV) of projects under Unitern's DaaS mandates to over ₹2,500 crore, to be executed over the next 30 months.
The Transcon UNO project is a premium commercial redevelopment in Kalina, Santacruz (East), featuring high-end retail and seven floors of premium office space. It offers approximately 1.06 lakh sq ft of free-sale RERA carpet area and a potential GDV of ₹400 crore. Under an 18-month mandate, Unitern will manage construction, supply materials via the ARIS platform, and oversee sales, marketing, collections, and lender management. All necessary approvals, including RERA, are in place, with construction and sales commencing immediately.
Srinivasan Gopalan, CEO of ARIS, stated that Transcon's selection for a second project validates the DaaS model, emphasizing that money, material, and management now come from a single accountable platform. Kirti Kedia, Promoter of Transcon Group, expressed satisfaction with Unitern's performance on a previous project and confidence in their ability to drive execution for Transcon UNO.
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