ARIS' Unitern gets Transcon mandate for Rs 250 cr project in Mumbai

Benchmarks Nifty22,698.85-50.91FEATURED FUNDS★★★★★Motilal Oswal Midcap Fund Direct-Growth5Y Return18.23 % Invest NowFEATURED FUNDS★★★★★UTI Aggressive Hybrid Fund Regular Plan-Growth5Y Return8.47 % Invest NowEnter search text:

The Economic Times daily newspaper is available online now. Read Today's Paper ARIS' Unitern gets Transcon mandate for Rs 250 cr project in MumbaiBy Kailash Babar, ET BureauLast Updated: Oct 28, 2026, 05:19:00 PM ISTSynopsis

ArisUnitern RE Solutions will oversee the second phase of a commercial project in Santacruz, Mumbai. This phase includes retail shops and small office spaces, covering approximately 0.56 lakh square feet. The gross development value of the project is estimated at Rs 250 crore, with all necessary approvals in place. Unitern's mandate, lasting 18 months, will involve project execution and material procurement.

Arisinfra Solutions’ subsidiary, ArisUnitern RE Solutions (Unitern), has received the mandate from Transcon Group to manage the second phase of a commercial development in Mumbai’s western suburb Santacruz (West). The project has an estimated gross development value (GDV) of Rs 250 crore.

The project’s second phase has around 0.56 lakh sq ft of RERA carpet area for free sale and comprises retail shops and small-office spaces. All approvals, including RERA, are in place, and construction is at an advanced stage, the company said in a release.

Through this 18-month mandate, Unitern will oversee project execution and construction material procurement, along with sales, channel partner management, collections and lender management.

“A third mandate from Transcon is strong validation of the Developer-as-a-Service (DaaS) model…We accelerate sales and closure, creating liquidity for both the developer and its lender,” said Srinivasan Gopalan, CEO, Arisinfra Solutions.

According to Transcon Group’s Promoter Kirti Kedia, Transcon’s team would focus on approvals and tenant management, while Unitern would handle execution and sales.

Live Events

The appointment marks Unitern’s third mandate from Transcon Group. The company previously worked on the first phase of the same Santacruz project, which has received its Occupation Certificate (OC), with handovers underway. Unitern was also recently appointed for another project of Transcon at Kalina in Mumbai.

With the latest assignment, the total GDV of projects under Unitern’s mandates has crossed Rs 2,750 crore.

ArisUnitern RE Solutions is a subsidiary of Arisinfra Solutions that provides development management services to real estate projects. Ends
Add as a Reliable and Trusted News Source Add Now!
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onarisinfra solutionsuniternarisinfra solutionstransconuniternschannel partner managementtranscon groups promoter kirti kedia

(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)

...moreless
(You can now subscribe to our Economic Times WhatsApp channel)
Read More News onarisinfra solutionsuniternarisinfra solutionstransconuniternschannel partner managementtranscon groups promoter kirti kedia

(Catch all the Business News, Breaking News and Latest News Updates on The Economic Times.)

...morelessContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories
& personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &
in-depth stock reportsSubscribe NowET

Unlock Access to All Exclusives with ETPrime FREE TRIAL

15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers

Trial offer expiring in00 : 05 : 00

I'd rather pay ₹2599 now

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

Unlock ETPrime's Exclusive Stories Today!

Big Price Drop! Flat 40% Off

Student Only OfferAlready a Member? Sign In nowAlready a Member? Sign In nowAlready a Member? Sign In now

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

Special Offer

Get flat 40% off on ETPrime

Avail OfferAvail OfferClaim NowAlready a Member? Sign In now

Need Assistance?

Connect with an ETPrime expert for personalized support and guidance

+91 9484700004'; }); } if(listing) { var h3 = "You tried reading " + listArr.length + " locked stories in the past " + threshold + " days.", h4 = "Become an ET Prime member and don't miss out on these exclusive stories."; var html = '

' + h3 + '

' + h4 + '

' + listing + '

'; $('#paidSCWidget').html(html); var callback = $('#paidSCWidget').attr('data-callback'); if(callback && window[callback]) { window[callback](); } customDimension.dimension72 += ' | Shown SYFT no Trial_With Missed Paywalled Articles Collection'; } else { _processNormal() } } }); } else { _processNormal(); } } catch (e) { _processNormal(); } }, function () { _processNormal(); }); //console.log('storyCollectionLoad', $); }

What’s Included with

ETPrime Membership

1Exclusive Insights That Matter

Uncover the truth with our investigative stories

Make strategic moves using the real-world case studies

Read industry-specific stories to identify emerging trends

Spot opportunities with
in-depth insights that matter

• Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

  What Adani’s US indictment means for India Inc’s overseas fundraising

• Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

  Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?

• Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

  The problem with lab grown diamonds

• Why a falling rupee is a better option for the economy

  A list of top 20 momentum stocks that have delivered massive returns in one year

2Invest Wisely With Smart Market Tools & Investment Ideas

Alpha Trade

Get daily trade ideas from SEBI-registered research analysts.

Investment Ideas

Grow your wealth with stock ideas & sectoral trends.

Stock Reports Plus

All-in-one stock research with Stock Score, peer comparison & key signals.

BigBull Portfolio

Get to know where the market bulls are investing to identify the right stocks.

Stock Analyzer

Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.

Market Mood

Analyze the market sentiments & identify the trend reversal for strategic decisions.

Stock Talk Live at 9 AM Daily

Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.

3Stay informed anytime, anywhere with ET ePaper

ePaper - Print View

Read the PDF version of ET newspaper. Download & access it offline anytime.

ePaper - Digital View

Read your daily newspaper in Digital View & get it delivered to your inbox everyday.

Wealth Edition

Manage your money efficiently with this weekly money management guide.

TOI ePaper

Read the PDF version of TOI newspaper. Download & access it offline anytime.

Deep Explainers

Explore the In-depth explanation of complex topics for everyday life decisions.

Health+ Stories

Get fitter with daily health insights committed to your well-being.

Personal Finance+ Stories

Manage your wealth better with in-depth insights & updates on finance.

5Enjoy Complimentary Subscriptions From Top Brands

Stream new documentaries from all across the world every day.

Stories you might be interested in