Ashiana Housing witnessed a notable 5% surge in its stock price this morning after the company announced a significant business development.
The real estate developer has signed an agreement to lease 20 acres of prime land in Mahindra World City, Jaipur, for a new group housing project.
This strategic expansion will see Ashiana Housing develop a residential project with an estimated saleable area of 20 lakh square feet. The lease deed is expected to be executed within the next 90 days, subject to the fulfilment of certain conditions.
Ashiana Housing shares opened at ₹315, reached a high of ₹325, and saw a low of ₹306.95, reflecting strong investor confidence following the announcement.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
