Ashiana Housing Launches 'Ashiana Amaya': A Rs 350-Crore Residential Project in New Jamshedpur
Ashiana Housing Ltd, a prominent real estate developer, has announced the launch of 'Ashiana Amaya', a residential project in Dobo, New Jamshedpur. This venture is expected to generate revenue of Rs 350 crore for the company.
The project will span 3.86 acres with a saleable area of 4.64 lakh sq ft, comprising 230 homes. The starting price is Rs 1.34 crore per unit, and the expected completion is set for December 2029. The project will be executed under a joint venture model, funded through self-financing and customer advances.
Project Details
| Feature | Description | |------------------------|--------------------------------| | Project Name | Ashiana Amaya | | Location | Dobo, New Jamshedpur | | Total Area | 3.86 acres | | Saleable Area | 4.64 lakh sq ft | | Number of Homes | 230 | | Starting Price | Rs 1.34 crore | | Expected Completion | December 2029 | | Estimated Revenue | Rs 350.00 crore |
Development Model and Funding
Ashiana Housing plans to execute this project under a joint venture model. The company intends to finance the development through a combination of self-funding and customer advances. This approach ensures a balanced and sustainable growth strategy, minimizing financial risks and ensuring timely project completion.
Company Background
Ashiana Housing, headquartered in Delhi, has established itself as a significant player in the real estate sector. The company's portfolio includes over 55 projects, showcasing its extensive experience in property development. Notably, Ashiana Housing has carved a niche for itself in the market with its specialty in senior living projects, alongside other residential developments.
This latest project, Ashiana Amaya, represents the company's continued expansion in delivering housing solutions across India. The investment and long-term project timeline indicate Ashiana Housing's approach to growth in the Jamshedpur real estate market. The company's commitment to quality and innovation is evident in the design and features of the project, which are tailored to meet the evolving needs of modern homebuyers.
Historical Stock Returns for Ashiana Housing
| Period | Return | |----------|----------| | 1 Day | +1.77% | | 5 Days | +0.62% | | 1 Month | -4.04% | | 6 Months | +10.79% | | 1 Year | -2.73% | | 5 Years | +290.99% |
Despite recent market fluctuations, Ashiana Housing has shown resilience and a strong track record of growth. The launch of Ashiana Amaya is a testament to the company's strategic focus on expanding its footprint in key markets and delivering high-quality residential solutions to homebuyers.
Market Implications
The launch of Ashiana Amaya is expected to have a positive impact on the local real estate market in New Jamshedpur. The project's premium offerings and strategic location are likely to attract a diverse range of homebuyers, from young professionals to families looking for a comfortable and convenient living environment. Additionally, the project's expected revenue of Rs 350 crore underscores the company's confidence in the market's potential and its ability to deliver on its growth targets.
Investors and market analysts will be closely monitoring the progress of Ashiana Amaya and the company's performance in the coming quarters. The successful execution of this project could serve as a catalyst for further growth and expansion in the region, reinforcing Ashiana Housing's position as a leading real estate developer in India.
