Ashiana Housing's Expansion Plans: 4 New Projects Launched This Fiscal
Ashiana Housing plans to launch 4 new projects in Jaipur, Chennai and other locations this fiscal, targeting the growing senior living market.
Ashiana HousingSenior LivingReal EstateIndian Real EstateSenior Living ProjectsReal Estate PuneJul 09, 2024
Ashiana Housing 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, the company recorded a revenue of Rs 1,800 crore and is expected to reach Rs 2,000 crore in the current financial year.
The demand for senior living communities that offer a blend of healthcare, security, and social interaction is on the rise, driven by India's rapidly aging population. According to estimates, the population aged 60 and above is projected to reach 340 million by 2050. Ashiana Housing is well-positioned to meet this growing demand with its senior living projects.
Information Ashiana Housing Ltd is a leading real estate developer that specializes in senior living projects. The company's mission is to provide high-quality living spaces that cater to the needs of seniors, offering a range of amenities and services that promote healthy aging.
Ashiana Housing Ltd is a prominent player in the Indian real estate industry, known for its expertise in developing senior living projects that offer a unique blend of comfort, convenience, and community living.
Frequently Asked Questions
How many new projects is Ashiana Housing launching this fiscal?
Four
Where are the two projects located?
Jaipur and Chennai
What is the total area of land Ashiana Housing plans to acquire?
25-30 lakh square feet
What is the revenue target for Ashiana Housing in the current fiscal year?
Rs 2,000 crore
What is the estimated population of seniors in India by 2050?
340 million
Related News Articles
Suraj Estate Developers Secures INR 343 Crore through Equity and Convertible Warrants
Suraj Estate Developers has successfully raised INR 343 crore through a preferential allotment of equity shares and convertible share warrants. This fundraising bolsters the company’s operational capacity and positions it for growth in the real estate mar
U.S. New Home Sales Fall 17.3% in October 2024
New home sales in the United States plummeted 17.3% to a seasonally adjusted annual rate of 610,000 units in October, the lowest level since December 2022, according to the Commerce Department's Census Bureau. This decline was largely attributed to rising
Pune: The New Hub for Indian Startups
While Bangalore remains a symbol of India's startup boom, Pune is quietly becoming the smarter choice for founders looking to build big.
Mumbai Real Estate: How Homes Empower Women Entrepreneurs
Explore how modern residences in Mumbai are transforming into entrepreneurial hubs, supporting women across various fields as they build their careers and businesses.
Congress Government Spurs Real Estate Growth in Hyderabad
Hyderabad's real estate sector is booming under the Congress government, with a significant rise in property registrations and building permits.
Tokenization: The Future of Real Estate Investing
Tokenization of real-world assets (RWAs) is poised to revolutionize the real estate investment landscape, making it more accessible, liquid, and efficient. Discover how this innovative technology is transforming the sector.