Ashiana Housing Expands in Chennai with Senior Living Project
Ashiana Housing, a leading real estate developer, has acquired 23 acres of land in Chennai for a senior living project, aiming to generate Rs 1,200 crore in revenue. The company plans to expand into Bengaluru and Mumbai.
Real EstateSenior LivingAshiana HousingChennaiExpansionReal Estate NewsAug 27, 2025
In a regulatory filing, Ashiana Housing stated that it has acquired the land on a perpetual lease basis from Mahindra World City Developers Ltd, a subsidiary of Mahindra Lifespace Developers Ltd. The land is situated within the Mahindra World City complex in Chennai, Tamil Nadu.
The company plans to develop a senior living project, which will include both villas and apartments. This new project will be adjacent to Ashiana's existing senior living project, 'Ashiana Vatsalya', which has already been well-received in the market. The new project is expected to have a saleable area of approximately 15 lakh square feet.
Ashiana Housing currently has nine ongoing projects across various cities, including three in Bhiwadi (NCR), three in Chennai, and one each in Jaipur, Pune, and Lavasa (Pune). With the success of these projects, the company is now looking to expand its footprint into Bengaluru and Mumbai.
The company's recent financial performance is also noteworthy. Ashiana Housing's sales bookings increased by 83% to Rs 430.97 crore in the first quarter of the current fiscal year, driven by higher demand. In the same period last year, the company's sales bookings stood at Rs 235.32 crore. The company 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 is one of the leading real estate developers in the country, known for its innovative projects and customer-centric approach. In the entire 2024-25 fiscal, the company sold properties worth Rs 1,936.75 crore, showcasing its strong market presence and growth potential.
The acquisition of the new land in Chennai and the planned expansion into Bengaluru and Mumbai are significant steps in Ashiana Housing's strategic growth plan. These moves are expected to further enhance the company's market position and attract more investors and homebuyers.
Frequently Asked Questions
What is Ashiana Housing's new project in Chennai?
Ashiana Housing is developing a senior living project, which will include both villas and apartments, on a 23-acre land in Chennai. The project is expected to generate Rs 1,200 crore in revenue.
Where is the land for the senior living project located?
The land for the senior living project is located within the Mahindra World City complex in Chennai, Tamil Nadu. It is adjacent to Ashiana's existing project, 'Ashiana Vatsalya'.
What is the expected saleable area of the new project?
The new senior living project is expected to have a saleable area of approximately 15 lakh square feet.
How has Ashiana Housing's sales performance been in the recent past?
Ashiana Housing's sales bookings increased by 83% to Rs 430.97 crore in the first quarter of the current fiscal year, driven by higher demand. The company sold 5.95 lakh square feet in the April-June period of this fiscal.
What are Ashiana Housing's expansion plans?
Ashiana Housing plans to expand its footprint into Bengaluru and Mumbai, in addition to its current projects in Bhiwadi (NCR), Chennai, Jaipur, Pune, and Lavasa (Pune).
Related News Articles
Sunteck Realty Reports Net Profit of Rs 101.33 Crore in Q4 FY24
Sunteck Realty's net consolidated total income stood at Rs 434.99 crore in Q4 FY24
Due Process Must be Followed by Trademark Registrars in Examining Cases
The Mumbai High Court has ordered the Trademark Registry to re-examine a case involving the transfer of ownership of two trademarks, highlighting the importance of following due process in such cases.
Prestige Estates to Launch 43 New Real Estate Projects Across 7 Cities
The company has a total land bank of 260 acres across Bengaluru, Mangaluru, Mysuru, and Pune.
Pune Real Estate Firm Falls Victim to Rs 24 Lakh Cyber Fraud
An employee from the accounts department of a Pune-based real estate firm was tricked into transferring Rs 24 lakh to fraudulent accounts after receiving a message from someone posing as the company director’s father. The incident highlights the increasin
How REITs and Fractional Ownership are Reshaping the Real Estate Market
With minimum investment thresholds ranging from Rs 10-25 lakh, retail investors now have the opportunity to participate in the real estate market with limited capital.
Bombay High Court Allows Adani Electricity to Cut 209 Mangroves for Infrastructure Project
The Bombay High Court has issued a ruling permitting Adani Electricity Mumbai Infra Ltd. (AEMIL) to cut down 209 mangroves near Vasai Creek for a critical infrastructure project.