ASHIANA.NSE News

Ashiana Housing has acquired 28.55 acres of land in Pune for its largest senior living project to date. The development is expected to generate an estimated revenue of Rs 1,800 crore, catering to significant demand for senior homes in the region. This strategic acquisition follows a period of strong sales growth for the company.

Ashiana Housing Limited has acquired 28.55 acres of land in Vadgaon, Pune, marking its largest land deal to date. The project is expected to generate a saleable area of approximately 20 lakh square feet with a projected sales value of Rs 1,800 crore, aimed at developing a senior living residential community in Maharashtra.

New Delhi [India], February 16: Every day in India, thousands of people enter retirement age, and expectations around this life stage are changing from quiet withdrawal to active, purpose driven living. Ashiana Advik, located in Sector 39, Bhiwadi and developed by Ashiana Housing, is designed exclusively for residents aged 55 and above. The project offers a planned senior living ecosystem that focuses on activity, social connection, safety, and independence. Spread across about 16.9 acres with 910 homes, the community is structured as a vibrant residential campus where residents take part in sports, arts, learning, and group events as part of daily life.

Ashiana Housing has secured land in Maharashtra for a new senior living development. The company will develop a project with a 4.50 lakh sq ft saleable area. In a separate move, the company has partnered with Epoch Elder Care. Epoch Elder Care will manage operations for Ashiana Care Homes in Bhiwadi.

Ashiana Housing reported a net consolidated profit of ₹27.54 crore in Q2 FY26, a significant turnaround from a loss of ₹7.55 crore in the previous year. The company's total income surged by 195.95% to ₹176.18 crore. Ashiana Housing also acquired land in Chennai for a new senior living project with substantial sales potential.

Axis Bank, HDFC Life Insurance, HDFC AMC, and L&T Finance are among the companies reporting their Q2 print today

Ashiana Housing has acquired approximately 23 acres of land in Chennai. The company plans to develop a senior living housing project. The project has a revenue potential of Rs 1,200 crore. The land was acquired from Mahindra World City Developers Ltd. The project will consist of villas and apartments. Ashiana Housing aims to expand into Bengaluru and Mumbai.

The land is located adjacent to its existing project, Ashiana Vatsalya.

Ashiana Housing Limited will invest ₹425 crore in FY2025-26 to expand its senior living projects, including entry into Mumbai, Bangalore, and Delhi NCR. Building on a ₹213 crore investment and ₹382 crore booking value in FY2024-25, the company plans to launch five new phases in existing projects.