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Ashiana Housing Limited aims to expand in Mumbai, Delhi NCR, and Bengaluru, adding 25-30 lakh square feet of space in the current fiscal. With a focus on premium lifestyle projects, they expect ₹6,000-₹8,000 crore in sales over the next 3-5 years.
Delhi-headquartered Ashiana Housing Limited is gearing up for significant expansion across key Indian cities amidst a thriving real estate sector. Established in 1979, the company plans to enhance its footprint in Mumbai, Delhi NCR, Bengaluru, and other strategic locations.
Ashiana Housing aims to establish new projects in Panvel, Bengaluru, and Delhi NCR, with additional expansions planned for Jamshedpur, Jaipur, and Bhiwadi. The company plans to add 25-30 lakh square feet of development space across various cities in the current fiscal year.
Explore: Ashiana Housing Ltd Share Price
The company specialises in Senior Living, Premium Homes, and Kid-Centric Homes, with over 50 projects completed across nine cities in India, totalling more than 23 million square feet.
To fuel its expansion, Ashiana Housing will utilise internal accruals and leverage partnerships, including a joint venture with IFC. Most investments will be directed towards project development to support growth initiatives.
In the pipeline is a luxury senior living project in Chennai slated for launch next month, reflecting Ashiana Housing's commitment to high-end residential offerings.
Ashiana Housing reported a booking value of ₹1798 crore last year and anticipates nearing ₹2,000 crore this year. With new projects in the pipeline, the company forecasts sales of ₹6,000-₹8,000 crore over the next 3-5 years, underscoring its robust growth trajectory.
Ahead of the upcoming budget 2024, Ashiana Housing emphasises the need for policies supporting seniors, advocating for insurance coverage that includes assisted living and caregiving services. They also call for GST reductions to enhance affordability amidst rising healthcare costs.
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