Ashiana Housing Eyes Expansion to Mumbai, Delhi NCR, and Bengaluru Amid Real Estate Boom
Delhi-headquartered Ashiana Housing Ltd. is set to expand its presence in Mumbai, Delhi NCR, and Bengaluru, driven by the demand surge in the real estate sector.
Real EstateAshiana HousingMumbaiDelhi NcrBengaluruReal Estate MumbaiJul 09, 2024
Established in 1979, Ashiana Housing primarily focuses on offering a premium lifestyle across its over 50 projects in the space of Senior Living, Premium Homes, and Kid-Centric Homes. The company has constructed and delivered over 23 million square feet across nine cities in India.
In the current fiscal, Ashiana Housing is considering adding 25-30 lakh sq feet of space for development, across cities in various projects. Gupta added that the company will resort to funding via internal accruals and has a tie-up with IFC, with most projects being set up in a joint venture.
The company is set to launch a senior living project in Chennai next month, which will be an up-market luxury project. Gupta shared that the company had a booking value of ₹1798 crore last year and is expecting to touch almost ₹2,000 crore this year. The new projects will help the company achieve sales of about ₹6,000-₹8,000 crore of sales in the next 3-5 years.
As the budget is around the corner, Gupta shared that one of the biggest concerns is about seniors, and the company would want the government to consider policies and interventions for seniors in the society. The government should look at insurance, not just the medical side, but the services side too should be considered.
Information
Ashiana Housing Ltd. is a Delhi-headquartered real estate company established in 1979. The company primarily focuses on offering a premium lifestyle across its over 50 projects in the space of Senior Living, Premium Homes, and Kid-Centric Homes.
Ashiana Housing Ltd. is a leading real estate company in India, known for its premium lifestyle offerings across various segments.
Frequently Asked Questions
What is Ashiana Housing's expansion plan?
Ashiana Housing is planning to expand its presence in Mumbai, Delhi NCR, and Bengaluru, with three new locations, including Panvel, Bengaluru, and one in Delhi NCR.
What is the company's focus area?
Ashiana Housing primarily focuses on offering a premium lifestyle across its over 50 projects in the space of Senior Living, Premium Homes, and Kid-Centric Homes.
What is the company's sales target?
The company is expecting to touch almost ₹2,000 crore in sales this year and achieve sales of about ₹6,000-₹8,000 crore of sales in the next 3-5 years.
What is the company's funding strategy?
The company will resort to funding via internal accruals and has a tie-up with IFC, with most projects being set up in a joint venture.
What is the company's demand from the government in the upcoming budget?
The company wants the government to consider policies and interventions for seniors in the society, including insurance coverage for services like assisted living and caregiving.
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