Ashiana Housing Limited has announced an impressive operational performance for the third quarter of FY25, highlighting its strong growth trajectory in the real estate sector. The company booked 451 units during the quarter, marking a substantial 79% increase from 252 units booked in the same period last year (Q3 FY24). However, the bookings reflected a marginal decline of 6.4% from 482 units recorded in the previous quarter (Q2 FY25).
The total area booked during Q3 FY25 stood at 6.75 lakh square feet, showcasing sustained demand for Ashiana Housing’s residential offerings. The total value of the area sold was ₹454.31 crore, compared to ₹224.48 crore in Q3 FY24, representing a YoY growth of 102.4%. This demonstrates the company’s ability to command higher realizations and capitalize on the growing appetite for quality housing solutions.
Segmental Performance:
- New Launches: Ashiana Housing witnessed remarkable traction in its newly launched projects, particularly in Gurugram and Jaipur. These regions continue to be the key growth drivers, owing to their strong infrastructure and urbanization trends.
- Ongoing Projects: The ongoing projects also contributed significantly to the quarterly performance, as existing developments continued to attract buyers seeking reliability and modern amenities.
Growth Drivers:
Ashiana Housing attributes its stellar performance to strategic location selection, timely project execution, and its focus on customer-centric designs. The company’s ability to adapt to market demands and consistently launch projects in high-demand regions has played a pivotal role in its growth. Additionally, the increasing preference for branded developers with a strong track record has given Ashiana a competitive edge in the market.
Market Outlook:
The Indian real estate sector continues to witness healthy demand, particularly in Tier 1 and Tier 2 cities, driven by urbanization, rising income levels, and favorable government policies. Ashiana Housing’s focus on delivering high-quality, affordable housing positions it well to capitalize on these opportunities.
Management Commentary:
The management expressed optimism about the company’s growth prospects, citing strong demand trends across all its key markets. They emphasized the importance of operational excellence and customer satisfaction in sustaining this momentum.
Ashiana Housing’s robust Q3 FY25 performance reaffirms its position as a leading player in the real estate sector, with a strong pipeline of projects and an unwavering commitment to quality and customer satisfaction.
