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.
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