Mumbai : Arisinfra Solutions Ltd., a tech-enabled B2B platform for construction materials and services, today announced that its subsidiary, ArisUnitern RE Solutions Private Ltd. (“Unitern”), has been appointed by Transcon Group as the Developer-as-a-Service (DaaS) partner for Transcon Ramdev Plaza Phase II at Santacruz (West), Mumbai, under its CATALYST module.
This marks Unitern’s third mandate from Transcon Group, following its completed mandate for Phase I of the same project and its recent appointment for Transcon UNO at Kalina. With this mandate, the total Gross Development Value (GDV) of projects under Unitern’s DaaS mandates rises to over ₹2,750 Cr.
THE PROJECT AND MANDATE
Transcon Ramdev Plaza is a premium commercial development at Santacruz (West), Mumbai, being developed in two phases. Phase I has received its Occupation Certificate (OC), and handovers are underway. Phase II, comprising retail shops and premium small-office formats, offers approximately 0.56 lakh sq. ft. of RERA carpet area available for free sale, with a potential GDV of approximately ₹250 Cr.
Under an 18-month, end-to-end mandate, Unitern will drive the project towards completion and facilitate the supply of all construction materials through the ARIS platform. The mandate also covers sales, channel partner management, collections and lender management, while providing the promoter with complete visibility through a live DaaS dashboard.
With all approvals, including RERA, in place and construction at an advanced stage, Unitern will focus on accelerating sales and driving the project towards completion.
MANAGEMENT COMMENTS
Srinivasan Gopalan, CEO, Arisinfra Solutions Ltd.: “A third mandate from Transcon is strong validation of the DaaS model. CATALYST is built for projects like Ramdev Plaza Phase II, which are nearing completion. We accelerate sales and closure, creating liquidity for both the developer and its lender.”
Kirti Kedia, Promoter, Transcon Group: “Having worked with Unitern on Phase I of Ramdev Plaza and now on UNO, we are delighted to extend the partnership to Phase II. With Unitern driving execution and sales, our team can focus fully on approvals and tenant management.”
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