Ashiana Housing is planning to invest Rs 800 crore over the next seven years to construct a housing project at Bhiwadi in Rajasthan.
For the purpose, the company has already acquired 52 acre in Bhiwadi to develop 4,000 units of 'Ashiana Town' under various phases. The project is estimated to be completed by 2020.
Ashiana Housing will finance the construction work of the project through internal accruals and bank loans.
Apart from this, the company is developing housing projects at Lavasa township in Pune, Jaipur, Jodhpur and Jamshedpur.