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.
\
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.
Related News Articles
Chandivali: The Emerging Hub of Mumbai's Real Estate Landscape
Chandivali is becoming a lucrative residential destination for real estate development in MMR, with its proximity to commercial centers, infrastructural development, and varied real estate options.
Arkade Developers Sets Sights on Rs 410 Crore IPO from September 16
Mumbai-based realty firm Arkade Developers announces initial public offering in the price band of Rs 121 to Rs 128 per equity share.
Diwali Boost Spurs Gurugram Real Estate Market
Festivals in India, such as Diwali, carry deep cultural significance and often act as a catalyst for increased real estate investment. This year, the Diwali season has brought a notable surge in the Gurugram real estate market, with buyers showing heighte
K Better Homes: Crafting Spaces with Social Responsibility in Pune
Designing and building thoughtfully crafted spaces is not just a commitment but the very foundation of K Better Homes, a leading real estate brand in Pune that goes beyond the ordinary to create homes with a heart.
Sunteck Realty Witnesses Impressive Growth in Sales Bookings
Mumbai-based real estate developer, Sunteck Realty, reports a 40% surge in sales bookings in the December quarter, totaling Rs 635 crore. Pre-sales also grew by 34% during the April-December 2024-25 period, reaching Rs 1,661 crore.
NAREDCO Maharashtra Partners with IFC for Sustainable Real Estate Development
NAREDCO Maharashtra has joined hands with the International Finance Corporation (IFC) to promote sustainable real estate development by 2025. This strategic partnership aims to boost environmentally friendly construction practices and enhance the overall