Doubling Down on Senior Living: Ashiana Housing's Ambitious Plans
Ashiana Housing aims to double its annual senior living housing sales to 1,000 units within four years, capitalizing on the post-Covid surge in demand.
Senior LivingHousingReal EstateAshiana HousingDemand Supply GapReal Estate NewsJul 09, 2024
With a revenue of Rs 1,800 crore in FY 2023-24, marking a 50% increase from the previous year, Ashiana Housing is targeting Rs 2,000 crore for the current financial year. Ankur Gupta, Joint Managing Director of Ashiana Housing, attributes the growth to the huge demand-supply gap in the senior living category.
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Frequently Asked Questions
What is Ashiana Housing's target for senior living housing sales?
Ashiana Housing aims to double its annual senior living housing sales to 1,000 units within the next four years.
What is the current penetration rate of senior housing in India?
The current penetration rate of senior housing in India is around 1%.
What is the average ticket size for independent senior living in India?
The average ticket size for independent senior living in India is about Rs 1-2 crore, depending on the city and location.
Which cities have a significant concentration of senior living supply in India?
Southern cities have a significant concentration of senior living supply in India.
What is Ashiana Housing's revenue target for the current financial year?
Ashiana Housing is targeting a revenue of Rs 2,000 crore for the current financial year.
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