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Ashiana Housing to infuse Rs 400 cr over next four years

Monday, 21 Sep 2020
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Ashiana Housing will invest around Rs 400 crore over the next four years on new housing projects that it plans to launch during FY21.

The company is also looking for partnerships with landowners for expansion of its business.

It will launch over 14 lakh sq ft area during FY21. This will be new phases in the existing projects as well as entirely new projects. The total cost to develop the 14 lakh sq ft area is estimated at Rs 390 crore in four years.

The company is also looking for land in Delhi-NCR, Pune and Chennai markets to develop more housing projects for senior citizens as well as normal residences.

It is looking to add three-four projects for normal housing and three-four senior living residential projects in joint ventures with landowners.

The company's operational and financial performance was affected during Q1/FY21. Ashiana Housing has presence in Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, Sohna, Lavasa, Pune, Halol, Chennai and Kolkata.

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