Ashiana Housing Expands Its Senior Living Market with 4 New Projects
Ashiana Housing targets growing senior living market, aims to acquire 25-30 lakh sq ft for development, and plans to launch 4 new projects in Jaipur, Chennai, and other locations this fiscal.
Senior Living MarketAshiana HousingReal Estate DevelopmentHousing ProjectsProperty MarketReal Estate NewsJul 09, 2024
Two of the four projects will be located in Jaipur and Chennai, respectively. Ashiana Housing's Joint Managing Director, Ankur Gupta, stated that the company is looking to expand its portfolio in the senior living segment, given the rising demand for such communities. The company currently operates five senior living projects in Bhiwadi NCR, Lavasa-Pune, Chennai, and Jaipur, accommodating over 2,500 units and housing more than 2,500 seniors.
In the previous fiscal year, Ashiana Housing recorded a revenue of Rs 1,800 crore. The company is expected to reach a revenue of Rs 2,000 crore in the current financial year. With India's population aged 60 and above projected to reach 340 million by 2050, the demand for senior living communities that offer a blend of healthcare, security, and social interaction is on the rise. Ashiana Housing is well-positioned to meet this demand, given its expertise in the senior living segment.
The company's focus on senior living is driven by the growing need for communities that cater to the specific requirements of seniors. Ashiana Housing's senior living projects offer a range of amenities, including healthcare facilities, recreational spaces, and social interaction opportunities, making them an attractive option for seniors.
Ashiana Housing's expansion plan is expected to further strengthen its position in the senior living market, providing more options for seniors who are looking for a comfortable and secure living environment.
Information
Ashiana Housing Ltd is a leading real estate developer with a focus on senior living communities. The company has been operating for several years and has established itself as a credible player in the industry.
Ashiana Housing Ltd is a renowned real estate developer with a strong presence in the senior living market. The company's commitment to providing high-quality living spaces has earned it a reputation as a trustworthy developer.
Frequently Asked Questions
What is Ashiana Housing's target for land acquisition in the current fiscal year?
Ashiana Housing aims to acquire 25-30 lakh square feet of land for development in the current fiscal year.
Where are the two new projects of Ashiana Housing located?
The two new projects of Ashiana Housing are located in Jaipur and Chennai, respectively.
What is the projected revenue of Ashiana Housing in the current financial year?
Ashiana Housing is expected to reach a revenue of Rs 2,000 crore in the current financial year.
What is the current population of seniors in India, and what is the projected population by 2050?
The current population of seniors in India is over 100 million, and it is projected to reach 340 million by 2050.
What amenities do Ashiana Housing's senior living projects offer?
Ashiana Housing's senior living projects offer a range of amenities, including healthcare facilities, recreational spaces, and social interaction opportunities.
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