Prestige Group and Arihant Group have jointly acquired a prime 16.331 acre land parcel in Padi, Chennai. The acquisition has been undertaken through Canopy Living LLP, a joint venture between Prestige Estates Projects and Arihant Foundations and Housing. The land parcel is proposed to be developed into a premium residential project with a total saleable area of about 3.6 million square feet and an estimated revenue potential of approximately Rs 5,000 crore.
Strategically located in Padi, in close proximity to Anna Nagar, one of Chennai's most sought-after residential micro-markets, the site benefits from a well-established ecosystem, including strong social infrastructure and connectivity.
AXISCADES Technologies announced the appointment of Giridhar Aramane as Non-Executive Independent Director on its Board.
Aramane brings over three decades of leadership experience across defence, infrastructure, finance, and public policy. His extensive experience will enhance AXISCADES' strategic direction, governance framework, and expansion across key sectors. An IAS officer of the 1988 batch, he most recently served as Defence Secretary to the Government of India (2022–2024).
He has previously served as Secretary, Ministry of Road Transport & Highways (MoRTH), and Additional Secretary in the Cabinet Secretariat. His experience also includes roles at the Ministry of Petroleum & Natural Gas and Insurance Regulatory and Developemnt Authority (IRDAI), as well as key leadership positions in the Government of Andhra Pradesh.
Aramane currently serves on the boards of Cyient DLM, IL&FS, Go Digit General Insurance, and Raajmarg Infra Investment Managers. He is also a member of the Governing Body of IIIT Bangalore and a mentor with ITS India.
He holds a B.Tech. in Civil Engineering from Jawaharlal Nehru Technological University, Hyderabad, an M.Tech. from the Indian Institute of Technology, Madras, and an M.A. in Economics from Kakatiya University, Warangal.