Arihant Foundations & Housing Ltd has informed in a BSE filing that its associate company Escapade Real Estate Pvt Ltd has entered into a Development Agreement, on revenue sharing basis with Ashiana Housing Ltd; a Delhi based Real Estate Company for the development of a 'Senior Living Project' as well as 'Regular Group Housing Project', on 20 acre (approx.) of land with saleable area of 9.70 lakh sq. ft. (approx.).The proposed project is coming up at Sengundaram village, Maraimalai Nagar, off GST Road, Chennai in the state of Tamil Nadu.