ArisUnitern Secures ₹250 Crore Mumbai Project Mandate

ArisUnitern RE Solutions, a subsidiary of Arisinfra Solutions, has secured an 18-month Developer-as-a-Service (DaaS) mandate for the second phase of Transcon Ramdev Plaza in Santacruz West, Mumbai.

The commercial real estate project has an estimated gross development value (GDV) of Rs 250 crore and approximately 56,000 square feet of RERA carpet area available for free sale.

Transcon Ramdev Plaza Phase II Gets Development Mandate

The mandate has been awarded by Transcon Iconica, a special purpose vehicle (SPV) of Transcon Group. The initial engagement will run for 18 months and can be extended by mutual consent.

Under the agreement, ArisUnitern will work towards completing the commercial project.

Its responsibilities extend beyond construction coordination to include material supply, sales, channel partner management, collections and lender management.

The appointment brings several development and commercial functions under a single service arrangement.

For the commercial property sector, this model provides a framework for coordinating construction progress, sales activity and project-related financial processes.

Rs 250 Crore GDV and 56,000 Sq Ft of Saleable Area

Transcon Ramdev Plaza Phase II has an estimated GDV of Rs 250 crore. The project includes approximately 56,000 square feet of carpet area registered under the Real Estate Regulatory Authority (RERA) and available for free sale.

Gross development value represents the estimated value of a development, while carpet area refers to the usable floor area within a property as defined under applicable regulations.

These figures provide an indication of the project's scale, but they do not establish the final sales value, realised revenue or profitability.

The available free-sale area is relevant to the project's commercialisation strategy. Actual sales performance will depend on buyer demand, pricing, completion progress and prevailing conditions in Mumbai's commercial property market.

ArisUnitern Expands Its Transcon Project Portfolio

The latest appointment marks ArisUnitern's third mandate from Transcon Group. The earlier projects include Phase I of Ramdev Plaza and Transcon UNO at Kalina.

Following the latest mandate, the aggregate GDV of projects within ArisUnitern's DaaS portfolio has increased to more than Rs 2,750 crore.

The figure reflects the combined estimated development value of projects in its portfolio rather than completed sales or revenue generated.

The repeat engagement with Transcon Group expands the relationship between the two companies across multiple developments. It also adds another Mumbai commercial project to ArisUnitern's service portfolio.

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How the Developer-as-a-Service Model Supports Real Estate

The Developer-as-a-Service model combines project execution support with selected commercial and operational responsibilities. In this mandate, ArisUnitern will coordinate construction completion and facilitate the supply of construction materials through the Arisinfra platform.

The scope also includes sales management, channel partner coordination, collections and lender management.

Bringing these functions together can help organise different stages of a project's development and commercialisation, although the final outcomes depend on execution and market conditions.

For commercial real estate, structured development services can provide developers with support across construction and sales activities.

The Transcon Ramdev Plaza Phase II mandate demonstrates how this model is being applied to a commercial property project in Mumbai.

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Key Takeaways

• ArisUnitern RE Solutions has secured an 18-month DaaS mandate for Transcon Ramdev Plaza Phase II in Santacruz West.
• The commercial project has an estimated GDV of Rs 250 crore and approximately 56,000 square feet of RERA carpet area available for free sale.
• Responsibilities include construction completion, material supply, sales, channel partner management, collections and lender management.
• ArisUnitern's DaaS portfolio has crossed Rs 2,750 crore in aggregate estimated GDV following the appointment.

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