Ashiana Housing Expands in Chennai with ₹1,200 Crore Senior Living Project
Ashiana Housing has acquired 23 acres of land in Chennai to develop a senior living project with a revenue potential of ₹1,200 crore. The project, adjacent to their existing 'Ashiana Vatsalya', aims to cater to the growing demand for high-quality senior living solutions.
Real EstateSenior LivingAshiana HousingChennaiLand AcquisitionReal Estate NewsAug 28, 2025
In a regulatory filing, Ashiana Housing informed that it has acquired a piece of land measuring 22.71 acres on a perpetual lease basis from Mahindra World City Developers Ltd, a material subsidiary of Mahindra Lifespace Developers Ltd. The land is situated within the complex of Mahindra World City in Chennai, Tamil Nadu, and the company plans to develop a senior living project featuring villas and apartments on this land.
This land is adjacent to their existing Senior Living project, 'Ashiana Vatsalya', and has a saleable area of approximately 15 lakh square feet. The project is expected to generate sales potential of ₹1,200 crore, further solidifying Ashiana Housing's position in the market.
Ashiana Housing currently has nine ongoing projects, with three in Bhiwadi (NCR), three in Chennai, and one each in Jaipur, Pune, and Lavasa (Pune). The company is now planning to expand its footprint into Bengaluru and Mumbai, aiming to tap into the growing real estate market in these cities.
The company's sales bookings rose by 83% to ₹430.97 crore in the first quarter of this fiscal, driven by higher demand. In the same period last year, its sales bookings stood at ₹235.32 crore. Ashiana Housing sold 5.95 lakh square feet in the April-June period of this fiscal, compared to 4.42 lakh square feet in the corresponding period of the previous year.
Delhi-based Ashiana Housing, one of the leading real estate developers in the country, sold properties worth ₹1,936.75 crore in the entire 2024-25 fiscal. The company's strong performance and strategic expansion plans indicate a promising future in the real estate sector, particularly in the senior living segment.
Frequently Asked Questions
What is the size of the land acquired by Ashiana Housing in Chennai?
Ashiana Housing has acquired 22.71 acres of land in Chennai to develop a senior living project.
What is the expected revenue from the senior living project in Chennai?
The senior living project is expected to generate a revenue potential of ₹1,200 crore.
What is the location of the land acquired by Ashiana Housing?
The land is located within the complex of Mahindra World City in Chennai, Tamil Nadu.
How many ongoing projects does Ashiana Housing currently have?
Ashiana Housing currently has nine ongoing projects, with three in Bhiwadi (NCR), three in Chennai, and one each in Jaipur, Pune, and Lavasa (Pune).
What was the percentage increase in sales bookings for Ashiana Housing in the first quarter of the fiscal?
Ashiana Housing's sales bookings rose by 83% to ₹430.97 crore in the first quarter of this fiscal.
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