Ashiana's Gurugram Project Sees 25% Price Hike in Under a Year, More Increases Expected
Home prices at Ashiana's Gurugram project have risen by 25% in under a year, with further increases expected. The company has sold 168 units in Phase 4, generating ₹403 crore in revenue.
Real EstateAshiana HousingGurugram ProjectPrice HikeResidential ProjectsReal EstateSep 09, 2024
According to Varun Gupta, Director of Ashiana Housing, the prices have more than doubled between Phase 1 and Phase 4. Although a similar increase is not expected, the remaining units in Phase 4 may be priced at least 10% higher than Phase 3 prices.
Frequently Asked Questions
What is the expected revenue from the remaining units in Phase 4?
The expected revenue from the remaining units is around ₹300 crore.
How many units have been sold in Phase 4 so far?
168 units have been sold in Phase 4, generating a sale value of ₹403 crore.
What is the market capitalisation of Ashiana Housing?
The market capitalisation of Ashiana Housing is ₹3,205 crore.
How much have Ashiana Housing's shares risen over the last year?
Ashiana Housing's shares have risen 53% over the last year.
What are the company's plans for future projects?
The company plans to launch new phases for existing projects, along with Phase 5 of Amarah. A new phase of One44, and updates to Malhar and Amod projects are in store.
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