Gurugram's Ashiana Amarah Project Sees 25% Price Hike in Under a Year, More Increases Expected
Ashiana Housing's Gurugram project sees 25% price hike in under a year, with further increases expected. Varun Gupta, Director of Ashiana Housing, projects 10% higher price for remaining 112 units in Phase 4.
Ashiana HousingGurugramReal EstateHome PricesPrice HikeReal Estate NewsSep 09, 2024
According to Varun Gupta, Director of Ashiana Housing, the remaining 112 units in Phase 4 will be sold at a 10% higher price, with an expected revenue of around ₹300 crore. Gupta attributed the price hike to the project's growing demand, stating that prices have more than doubled between Phase 1 and Phase 4.
While Gupta did not specify the exact future prices, he hinted that the remaining units will see gradual price increases as sales progress. The company has managed to raise prices while maintaining demand over a period of just five months.
Gupta expressed optimism about selling all the units in Phase 4 within this financial year and launching Phase 5. The company also plans to launch new phases for existing projects, including a new phase of One44, and updates to Malhar and Amod projects.
Ashiana Housing, with a market capitalisation of ₹3,205 crore, has seen its shares rise 53% over the last year. The company's growth prospects seem promising, with further price increases expected in the future.
\n\n\n\nAshiana Housing is a leading real estate developer in India, known for its commitment to quality and customer satisfaction. With a strong presence in the National Capital Region (NCR), the company has developed several successful projects, including Ashiana Amarah, Ashiana One44, and Ashiana Malhar.
\n\n\n\nThe Indian real estate market has been witnessing a significant growth spurt, driven by increasing demand and government initiatives. The sector is expected to continue its upward trajectory, with companies like Ashiana Housing leading the way.
Frequently Asked Questions
What is the expected revenue from the remaining units in Phase 4 of Ashiana Amarah project?
The expected revenue from the remaining units is around ₹300 crore.
How many units have been sold in Phase 4 of Ashiana Amarah project?
168 units have been sold out of a total of 280 units in Phase 4.
What is the market capitalisation of Ashiana Housing?
Ashiana Housing has a market capitalisation of ₹3,205 crore.
What is the expected price hike for the remaining units in Phase 4?
The remaining units are expected to be priced at least 10% higher than Phase 3 prices.
What are Ashiana Housing's plans for future projects?
The company plans to launch new phases for existing projects, including a new phase of One44, and updates to Malhar and Amod projects.
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.