Ashiana housing | Business Upturn

Ashiana Housing cancels agreement for Jaipur project due to approval issues

Arunika Jain — Fri, 15 May 2026 05:31:50 +0000

Ashiana Housing has announced the cancellation of its agreement to lease a 20-acre land parcel in Mahindra World City, Jaipur, for a group housing project. The agreement, initially signed on 30th October 2024 with Mahindra World City (Jaipur) Limited (MWC), has been terminated due to non-visibility of the necessary approvals required from MWC.

The agreement was aimed at developing a housing project within the Social Infrastructure Zone of Mahindra World City, Jaipur. This development was previously communicated to the stock exchanges on 6th November 2024.

The decision to mutually terminate the lease agreement reflects the challenges faced in securing the requisite approvals for the project. Ashiana Housing and MWC have agreed to end the agreement due to these unresolved approval issues.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing pays Rs 34 crore for interest and partial redemption of debentures

Business Desk — Tue, 12 May 2026 12:37:54 +0000

Ashiana Housing has announced the payment of ₹34,28,27,056 for interest and partial redemption of its secured non-convertible debentures (NCDs). The payment was made to ICICI Prudential Regular Savings Fund and ICICI Prudential Credit Risk Fund on 12th May 2026.

The debentures in question, bearing the ISIN INE365D07085, are part of the series AHL-9.95%-11-5-29-PVT. The issue size of these debentures is ₹125 crore, divided into 12,500 NCDs, each valued at ₹1,00,000. The interest payment, amounting to ₹3,03,27,056, was made on 12th May 2026, ahead of the due date of 13th May 2026. The interest is paid quarterly, with the last payment made on 12th February 2026.

In addition to the interest payment, Ashiana Housing also executed a partial redemption of the debentures by face value, amounting to ₹31,25,00,000. This partial redemption was conducted as per the transaction documents, with the principal amount redeemed being ₹25,000 per NCD. The outstanding amount post-redemption stands at ₹93,75,00,000, equivalent to ₹75,000 per NCD.

The company has confirmed that no premium was paid on the redemption, and the redemption was completed a day before the due date of 13th May 2026.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing pays Rs 20 crore for partial redemption and interest on NCDs

Arunika Jain — Mon, 11 May 2026 13:07:46 +0000

Ashiana Housing has announced the payment of ₹20 crore towards partial redemption and interest on its non-convertible debentures (NCDs) listed on BSE Ltd. The payment, made to International Finance Corporation, was executed on 11th May 2026.

The NCDs, bearing the ISIN INE365D08075, are part of the debenture series AHL-7%-11-7-45-PVT. The issue size of these debentures is ₹100 crore, divided into 10,000 NCDs of ₹1,00,000 each. The interest amount paid on the due date was ₹2,02,83,017, with the interest payment frequency being quarterly. The interest payment record date was 23rd April 2026, and the last interest payment was made on 6th March 2026.

Regarding the redemption payment, the debentures underwent a partial redemption by face value. The principal amount redeemed was ₹17,97,16,983. The outstanding amount post-redemption stands at ₹56,80,91,236, which translates to ₹5,68,09.1236 per NCD. No premium was paid on redemption, and the redemption was executed as per the transaction documents.

The due date for both interest and redemption was 11th May 2026, and the company adhered to this timeline, completing the payments on the same date.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing pays Rs 20 lakh interest on NCDs

Kinjal — Mon, 11 May 2026 13:04:34 +0000

Ashiana Housing has successfully fulfilled its interest payment obligation on its Non-Convertible Debentures (NCDs) amounting to ₹20,00,000. The payment was made to the International Finance Corporation on 11th May 2026, as per the regulatory filing.

The NCDs, bearing the ISIN INE365D08034, are part of the Series 8%AHL2042, which has an issue size of ₹26.40 crores. This series consists of 264 NCDs, each valued at ₹10,00,000. The interest payment was due on the same date, 11th May 2026, and was executed without delay.

The interest payments for these debentures are scheduled quarterly, contingent upon the availability of a distributable surplus, which is determined by the company’s Distribution Committee. The record date for this interest payment was 23rd April 2026.

There was no change in the frequency of payments, and the last interest payment was made on 22nd January 2026. The outstanding amount for the NCDs remains at ₹26.40 crores.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing reports Rs 91.40 crore in area bookings for April 2026

Kinjal — Wed, 06 May 2026 12:10:11 +0000

Ashiana Housing has reported a total area booking of 0.85 lakh square feet for the month of April 2026, translating into a booking value of ₹91.40 crore. This performance metric reflects the company’s operations for the month, as detailed in a recent corporate announcement.

The figures for April 2026 are consistent with the year-to-month (YTM) totals, indicating that the entire area booked and its value were achieved in April alone. The announcement provides a snapshot of Ashiana Housing‘s operational activities and financial performance for the period.

Ashiana Housing, known for its residential real estate projects, continues to focus on expanding its footprint and delivering value to its stakeholders. The company’s consistent performance in terms of area booked and its monetary value highlights its ongoing efforts to maintain a steady growth trajectory.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing secures Rs 43.25 crore through placement of debentures

Yash Agarwal — Fri, 24 Apr 2026 14:16:58 +0000

Ashiana Housing has successfully raised ₹43.25 crore through the allotment of 4,325 un-secured, redeemable, non-convertible debentures (NCDs) on a private placement basis. Each debenture is valued at ₹1 lakh.

The company announced that the debentures, which carry a 7% annual interest rate, will be listed on the Bombay Stock Exchange (BSE). The interest on these debentures will be paid monthly, as per the terms outlined in the Debenture Trust Deed dated 10th April 2026.

The debentures have a tenor of 20 years, providing long-term funding for Ashiana Housing. This strategic move is part of the company’s efforts to secure capital for its ongoing and future projects.

The allotment was approved by the Executive Committee of the Board of Directors during their meeting held on 24th April 2026. The debentures have been allocated to Clover Technologies Private Limited.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing acquires 28.55 acres of land in Pune for Rs 1,800 crore senior living project

Arunika Jain — Thu, 09 Apr 2026 09:58:49 +0000

Ashiana Housing has announced the acquisition of a 28.55-acre land parcel in Vadgaon, Taluka – Maval, Pune, Maharashtra. This acquisition marks the company’s largest ever land deal for a senior living project, with a potential sales value of ₹1,800 crores.

The newly acquired land is set to be developed into a senior living project, with an approximate saleable area of 20 lakh square feet. This strategic move aligns with Ashiana Housing‘s focus on expanding its footprint in the senior living segment, which has been gaining traction in India due to the growing demand for specialised housing solutions for the elderly.

The acquisition in Pune, a rapidly growing urban centre, is expected to bolster Ashiana Housing’s portfolio and enhance its offerings in the real estate market. The company’s decision to invest in such a significant land parcel underscores its commitment to addressing the needs of the senior population, providing them with dedicated and well-equipped living spaces.

Ashiana Housing’s foray into Pune with this project is anticipated to set new benchmarks in the senior living sector, offering a blend of comfort, convenience, and community living. The development is poised to cater to the evolving preferences of senior citizens, ensuring a high quality of life in a supportive environment.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing achieves record Rs 2,421.13 crore sales in FY26

Arunika Jain — Wed, 08 Apr 2026 14:12:33 +0000

Ashiana Housing has reported its highest ever annual sales, reaching ₹2,421.13 crore for the financial year 2025-26. This milestone marks a significant achievement for the company, underscoring its robust performance in the real estate sector.

During the fourth quarter of FY26, Ashiana Housing booked an area of 11.19 lakh square feet, contributing significantly to the annual total of 26.73 lakh square feet. The value of the area sold in Q4 FY26 amounted to ₹1,289.70 crore, a substantial increase compared to ₹574.73 crore in Q4 FY25.

The company also recorded its highest sales in the ‘Senior Living’ segment, with a sales value of ₹570.15 crore for FY26. This segment saw the booking of 569 units, covering 7.37 lakh square feet, compared to 430 units and 5.41 lakh square feet in FY25, which had a sales value of ₹382.90 crore.

In Q4 FY26, Ashiana Housing booked 665 units, a notable increase from the 357 units booked in the previous quarter and 597 units in the same quarter of the previous year. The company launched 849 units in Q4 FY26, including projects like Ashiana Advik Phase-III and Ashiana Tarang Phase-VII in Bhiwadi, Ashiana Aaroham Phase-I & II in Gurugram, Ashiana Malhar Phase-IV and Ashiana Amodh Phase-III in Pune, and Ashiana Swarang Phase-III in Chennai. Of these, 394 units were sold, covering 7.62 lakh square feet, with a sales value of ₹1,018.70 crore.

The higher sales figures in Q4 FY26 compared to Q3 FY26 and Q4 FY25 are primarily attributed to the launch of Aaroham Phase-I and Phase-II in Gurugram, which alone accounted for 5.44 lakh square feet with a sales value of ₹832.50 crore.

Additionally, the company commenced handovers for Ashiana Shubham Phase-V in Chennai and Ashiana Ekansh Phase-II in Jaipur during the fourth quarter.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing does not fall under large corporate debt issuance norms

Yash Agarwal — Wed, 08 Apr 2026 06:06:47 +0000

Ashiana Housing has submitted a regulatory intimation to the National Stock Exchange of India and BSE confirming that it does not fall under the category of Large Corporates as defined in SEBI Circular SEBI/HO/DDHS/P/CIR/2021/613 dated 10th August 2021 (updated as on 13th April 2022).

The circular pertains to fund raising by issuance of debt securities by Large Corporates and the associated disclosures and compliances required of such entities. The company, through its Company Secretary and Compliance Officer Nitin Sharma, has formally notified both stock exchanges of this classification status.

The intimation, filed on 8th April 2026, clarifies Ashiana Housing‘s regulatory position regarding debt capital market participation norms applicable to large-cap corporations. This communication serves as an official record with respect to the company’s obligations under the said SEBI circular.

Ashiana Housing is registered on the National Stock Exchange under the symbol ASHIANA and on BSE with Security Code No. 523716. The company is headquartered at 304 Southern Park, Saket District Centre, New Delhi, with registered office at 5F Everest, 46/C Chowringhee Road, Kolkata.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing reports record Rs 2,421.47 crore annual sales for FY26

Business Desk — Tue, 07 Apr 2026 15:03:31 +0000

Ashiana Housing has announced its operational results for the fourth quarter and full financial year ending 31st March 2026, revealing a record sales value of ₹2,421.47 crore for FY26. This marks the highest annual sales ever recorded by the company.

The company reported that the area booked during FY26 totalled 26.73 lakh square feet, with the fourth quarter contributing 11.19 lakh square feet. The value of the area sold in Q4 FY26 reached ₹1,289.70 crore, a significant increase compared to ₹574.73 crore in Q4 FY25.

Ashiana Housing’s ‘Senior Living’ segment also achieved a milestone with sales valued at ₹570.15 crore for FY26, surpassing the previous year’s figure of ₹382.90 crore. This segment accounted for 569 units and 7.37 lakh square feet, compared to 430 units and 5.41 lakh square feet in FY25.

The company launched 849 units in Q4 FY26 across various projects, including Ashiana Advik Phase-III in Bhiwadi, Ashiana Tarang Phase-VII in Bhiwadi, Ashiana Aaroham Phases I & II in Gurugram, Ashiana Malhar Phase-IV in Pune, Ashiana Amodh Phase-III in Pune, and Ashiana Swarang Phase-III in Chennai. Of these, 394 units were sold, covering 7.62 lakh square feet with a sales value of ₹1,018.70 crore.

A notable increase in sales during Q4 FY26 compared to Q3 FY26 and Q4 FY25 was primarily attributed to the launch of Aaroham Phases I and II in Gurugram, which alone accounted for 5.44 lakh square feet and a sales value of ₹832.50 crore.

Additionally, Ashiana Housing commenced handover for Ashiana Shubham Phase-V in Chennai and Ashiana Ekansh Phase-II in Jaipur during the fourth quarter.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing pays Rs 2.4 crore for NCD interest and redemption

Kinjal — Mon, 06 Apr 2026 13:32:17 +0000

Ashiana Housing has announced the payment of ₹2.4 crore towards partial redemption and interest on its non-convertible debentures (NCDs) listed on BSE. The payment was made to the International Finance Corporation on 6th April 2026.

The NCDs, identified by ISIN INE365D08026, pertain to the Series 8%AHL 2041 debentures, which have an issue size of ₹97 crore, divided into 970 NCDs of ₹10 lakh each. The interest amount due on 6th April 2026 was ₹1,75,59,800, and the actual payment was made on the same date.

The interest payments are scheduled quarterly, contingent upon project returns as determined by the Distribution Committee. The last interest payment was made on 22nd January 2026.

In terms of redemption, the company executed a partial redemption by face value, with a principal amount of ₹16,10,050 redeemed. Additionally, a redemption premium of ₹48,30,150 was paid. The outstanding amount post-redemption stands at ₹61,70,50,369, approximately ₹6,36,134.401 per NCD.

This financial transaction underscores Ashiana Housing‘s commitment to meeting its financial obligations and maintaining investor confidence.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Ashiana Housing restructures Panvel land deals; launches senior living project by Q4 FY27

Arunika Jain — Mon, 30 Mar 2026 10:30:10 +0000

Ashiana Housing has restructured its land agreements at Panvel in Maharashtra, cancelling an earlier perpetual lease arrangement with Caroa Properties LLP and replacing it with two separate agreements to accelerate its senior living project development.

The company has executed an Agreement to Sell for 6.02 acres and an Agreement to Perpetual Lease for 1.03 acres at the same location. Both parcels are adjacent and situated in Panvel, Maharashtra.

On the 6.02-acre plot, Ashiana Housing plans to develop a senior living project with a floor space index (FSI) potential of 7,00,000 square feet. The remaining 1.03-acre parcel carries an FSI potential of only 5,000 square feet. The restructuring replaces the earlier perpetual lease agreement for the complete 7-acre parcel that was reported to stock exchanges on 5th April 2025.

The company intends to seek necessary approvals and launch the senior living project by the fourth quarter of fiscal year 2027. Caroa Properties LLP remains the counterparty to both new agreements.

Ashiana Housing confirmed that there is no shareholding relationship with Caroa Properties LLP, and the transaction does not constitute a related party arrangement. The party is also not connected to the company’s promoter, promoter group, or group companies in any manner.

The senior living segment represents a strategic expansion area for the company, aligning with demographic trends and growing demand for elderly care housing in metropolitan regions. The Panvel location offers proximity to Mumbai’s expanding suburban markets.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Why Ashiana Housing shares rally sharply over 14% today? Explained

Aman Shukla — Wed, 11 Feb 2026 04:23:42 +0000

Shares of Ashiana Housing Ltd surged more than 14% in early trade on February 11, 2026 (IST) after the company reported a sharp year-on-year jump in its December quarter (Q3FY26) earnings.

As of 9:52 AM IST, the stock was trading near ₹350 levels, after opening at ₹340.00 compared to the previous close of ₹301.85. During the session, the stock touched a low of ₹332.10 and a high of ₹357.00. The counter remains below its 52-week high of ₹376.15, while comfortably above its 52-week low of ₹247.80.

On a consolidated basis, revenue for the quarter surged 172.2% year-on-year to ₹362 crore, compared with ₹133 crore in the same quarter last year. EBITDA jumped 297.1% to ₹68.3 crore from ₹17.2 crore, reflecting strong operating leverage during the quarter. EBITDA margin expanded 600 basis points to 18.9% from 12.9% a year ago.

Profitability saw a sharper uptick, with net profit rising 420.2% year-on-year to ₹56.7 crore, compared with ₹10.9 crore in the corresponding period last year.

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.

Ashiana Housing crosses Rs 2,000 crore booking milestone in FY with strong Ashiana Aaroham sales

Aman Shukla — Mon, 09 Feb 2026 05:28:27 +0000

Ashiana Housing has achieved a major sales milestone in the current financial year after successfully converting Expressions of Interest into confirmed bookings at its premium residential project, Ashiana Aaroham, located in Gurugram, Haryana. The company has converted EOI for 242 residential units into bookings, covering approximately 5.03 lakh sq. ft. of saleable area and generating a sales value of ₹767.23 crore.

The EOI process for Ashiana Aaroham Phase 1 and Phase 2 began on 07 December 2025, reflecting strong early interest from homebuyers. The conversion of these EOIs into bookings started on 07 February 2026 and continues to progress steadily, highlighting sustained demand for well-planned residential developments in the Gurugram real estate market.

Ashiana Aaroham is positioned as a thoughtfully designed kid-centric homes project, a segment that has been witnessing rising demand from young families seeking secure, community-driven living environments. The project was launched with a total of 364 units, offering spacious 3 BHK and 4 BHK apartments that combine modern layouts with child-focused amenities and open spaces.

With the successful conversion of EOIs at Ashiana Aaroham, Ashiana Housing has now crossed the significant milestone of ₹2,000 crore in value of area booked during the ongoing financial year.

Ashiana Housing shares rally over 5% as Q2 profitability improves sharply

Aman Shukla — Thu, 13 Nov 2025 04:18:01 +0000

Ashiana Housing witnessed a strong surge of over 5% in morning trade after the company delivered an impressive year-on-year performance for the September quarter. As of 9:47 AM, the shares were trading 5.50% higher at Rs 304.85.

For the quarter, Ashiana Housing reported revenue of ₹166 crore, a substantial rise compared to ₹54.4 crore in the same period last year.

The company also posted an EBITDA of ₹29.4 crore, marking a strong recovery from a loss of ₹11.8 crore a year ago. With this turnaround, the operating margin improved to 17.7%, signaling better cost control and improved operational efficiency.

Ashiana Housing swung back into the green on the bottom line as well. The company reported a net profit of ₹27.6 crore, compared to a loss of ₹7.5 crore last year.

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.

Ashiana Housing acquires 22.71 acres land at Mahindra World City in Chennai with sales potential of Rs 1,200 crore

Aman Shukla — Tue, 26 Aug 2025 08:51:20 +0000

Ashiana Housing Limited has announced the acquisition of a 22.71-acre land parcel on a perpetual lease basis from Mahindra World City Developers Ltd., a subsidiary of Mahindra Lifespace Developers Ltd. The land is located within Mahindra World City, Chennai, and is adjacent to Ashiana Housing’s existing senior living project “Ashiana Vatsalya.”

According to the company, the acquired land has a saleable area of about 15 lakh square feet, offering an estimated sales potential of around ₹1,200 crore. Ashiana Housing plans to develop a senior living community on this land, which will include both villas and apartments.

The project is aimed at strengthening the company’s footprint in the fast-growing senior living housing segment, catering to the rising demand for lifestyle-based residential options for the elderly in Chennai and Tamil Nadu.

This development adds to Ashiana’s existing portfolio of senior living projects across India, further positioning the company as a key player in the segment.

Ashiana Housing Q4 FY25: Area booked at 8.48 lakh sq. Ft, sales value at Rs 574.73 crores

Aman Shukla — Fri, 11 Apr 2025 10:07:44 +0000

Ashiana Housing has released its operational performance update for the fourth quarter of FY 2024-25 and the full financial year. The company reported a marginal year-on-year increase in both area sold and sales value, with FY 2024-25 marking its highest-ever annual sales by value.

Q4 FY 2025 vs Q3 FY 2025 and Q4 FY 2024

Area Booked: 8.48 lakh sq. ft. in Q4 FY25, up from 6.77 lakh sq. ft. in Q3 FY25. However, it was lower than 10.60 lakh sq. ft. recorded in Q4 FY24.
Sales Value: INR 574.73 crore in Q4 FY25, up from INR 454.16 crore in Q3 FY25, but lower than INR 862.54 crore in Q4 FY24.
Units Booked: 597 units in Q4 FY25, compared to 451 units in Q3 FY25 and 628 units in Q4 FY24.

Project Launches in Q4 FY 2025

During the quarter, Ashiana Housing launched the following:

Ashiana Nitara Phase 2 and 3: Sold 295 units covering 3.97 lakh sq. ft. with a sales value of INR 174.35 crore.
Ashiana Amarah Phase 5: Sold 59 units covering 1.05 lakh sq. ft. with a sales value of INR 158.96 crore.

FY 2024-25 Performance Overview

Total Area Sold: 26.97 lakh sq. ft., reflecting a year-on-year growth of 2.12% from 26.40 lakh sq. ft. in FY 2023-24.
Total Sales Value: INR 1,936.75 crore, up 7.71% from INR 1,798.22 crore in the previous financial year.
Record Sales Achievement: The company achieved its highest-ever annual sales value in FY 2024-25.

Ashiana Housing’s steady sales performance reflects consistent market activity despite quarterly fluctuations. The full-year growth in both volume and value suggests stable demand in the company’s key residential offerings.

Ashiana Housing converts 293 units worth Rs 173 crore in Jaipur’s Ashiana Nitara project

Aditya Bhagchandani — Tue, 25 Mar 2025 06:57:27 +0000

Ashiana Housing Limited has announced the successful conversion of 293 units under its premium housing project, Ashiana Nitara, located in Bhakrota, Jaipur. According to the company’s corporate filing dated March 25, 2025, these bookings represent a saleable area of approximately 3.94 lakh sq. ft. and a total sale value of Rs 173.39 crore.

The process of converting Expressions of Interest (EOIs) into confirmed bookings began on March 22 and is currently underway. The Ashiana Nitara project comprises a total of 336 units, offering 2 BHK and 3 BHK premium homes.

The company said this marks a strong response from homebuyers and reflects the rising demand for premium residential properties in Jaipur. The development is being positioned as a key part of Ashiana’s expanding real estate footprint in Rajasthan.

Ashiana Housing, which is listed on both the BSE and NSE under the symbol ‘ASHIANA’, emphasized that the project has received encouraging market traction owing to its design, amenities, and location advantages in the Jaipur region.

This corporate announcement adds to the company’s record of consistent project launches and sales momentum across key cities.

Ashiana Housing shares jump 9% on Q3 business update

Aditya Bhagchandani — Wed, 08 Jan 2025 04:05:23 +0000

Ashiana Housing Limited has reported an impressive operational performance for the third quarter of FY25, underlining its robust growth trajectory in the real estate sector. Shares of the company surged by 9% to ₹393, driven by strong business updates.

Key Q3 FY25 Highlights:

Units Booked: 451 units were booked, reflecting a 79% YoY increase from 252 units in Q3 FY24 but a slight decline of 6.4% QoQ from 482 units in Q2 FY25.
Total Area Booked: 6.75 lakh sq. ft. of area booked, indicating sustained demand for residential offerings.
Total Value Sold: ₹454.31 crore, showcasing a substantial 102.4% YoY growth compared to ₹224.48 crore in Q3 FY24.

Segmental Performance:

New Launches: Key projects in Gurugram and Jaipur garnered significant traction, becoming growth drivers due to urbanization and strong infrastructure.
Ongoing Projects: Existing developments continued to attract buyers with modern amenities and reliability.

Ashiana Housing Share Price history

Day	Open	Close	Change %
Tue, Jan 7 2025	₹363.00	₹363.05	+0.39%
Mon, Jan 6 2025	₹367.70	₹361.65	-0.88%
Fri, Jan 3 2025	₹347.20	₹364.85	+5.19%
Thu, Jan 2 2025	₹355.35	₹346.85	-1.81%
Wed, Jan 1 2025	₹345.55	₹353.25	+1.71%
Tue, Dec 31 2024	₹366.10	₹347.30	-6.33%
Mon, Dec 30 2024	₹350.00	₹370.75	+6.20%
Fri, Dec 27 2024	₹330.00	₹349.10	+6.37%

Ashiana Housing Q3 Business Update: Bookings surge 79% YoY to 451 units

Aditya Bhagchandani — Wed, 08 Jan 2025 02:00:00 +0000

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.

Ashiana Housing shares surge 5% following major expansion announcement

Aman Shukla — Thu, 07 Nov 2024 04:39:11 +0000

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.

Ashiana Housing signs agreement to lease 20 acres in Jaipur for new group housing project

Aman Shukla — Wed, 06 Nov 2024 11:54:48 +0000

Ashiana Housing Ltd. has announced a major expansion with the signing of an agreement to lease 20 acres of land in Mahindra World City, Jaipur. This land will be used to develop a new group housing project, covering an estimated saleable area of 20 lakh square feet.

The project is set to be a significant addition to Ashiana Housing’s portfolio, aimed at providing high-quality residential spaces in a prime location in Jaipur. The lease deed is expected to be executed within the next 90 days, subject to the fulfilment of certain conditions.

Ashiana Housing invests Rs. 550 crore in its western projects

United News of India (UNI) — Wed, 04 Oct 2023 09:38:19 +0000

Pune, Oct 4 : Renowned real estate developer, Ashiana Housing, has embarked on an ambitious growth trajectory in the western region.

Spanning a combined area of 23.26 acres, with 11.93 acres dedicated to the Senior Living Project and 11.33 acres to the Premium Housing Project, these ventures underscore Ashiana Housing’s dedication to enhancing lifestyles.

The substantial investment of approximately Rs 550 crore reflects the company’s strong belief in creating exceptional living environments that enhance the quality of life.

Ashiana Housing has already taken significant steps in this direction with its remarkable projects, Ashiana Malhar and Ashiana Amogh, located in Hinjawadi and Talegaon (Pune) respectively. These projects showcase the company’s commitment to sophistication, convenience, and community-building, said release today.

Mr, Ankur Gupta, Joint Managing Director of Ashiana Housing, expressed his enthusiasm for this rapid expansion, stating, “Our strategic focus on the western region is a testament to our commitment to meet the expectations of contemporary homeowners and senior citizens. We pride ourselves on delivering exceptional projects within tight timelines, while upholding our commitment to quality and innovation.”

Ashiana Malhar will sprawl over 11.33 acres and will offer a total of 990 residential units. Phase I, comprising 224 spacious units, will feature two and three-bedroom apartments with carpet areas ranging from 733 sq. ft. to 1045 sq. ft. With 14 floors in each tower, alongside stilt and open parking facilities, the project is meticulously designed to meet the discerning needs of Pune’s residents.

Ashiana Amogh, covering 11.93 acres, will be developed in four phases with an investment of Rs 275 crore, it added.

Ashiana Housing to invest Rs. 275 crore to develop project for senior citizens

Adesh Dixit — Mon, 19 Jun 2023 13:54:26 +0000

India’s famous Realty firm Ashiana Housing will be investing Rs 275 crore in order to develop a housing project in Pune for senior citizens.

Ashiana Housing which is based in Delhi announcing the project said, it has launched a joint venture project, Ashiana Amodh Senior Living in Talegaon locality of Pune.

Funding for the project is said to be generated from internal accruals and construction finance. The company aims to target customers ranging from age 55 and above. The first phase shall comprise of 220 units and will be sold at a price range of Rs 57 lakh to Rs 1.27 crore.

The development of the first phase of the project includes land worth Rs 25.11 crore, construction of Rs 52.38 crore and other expenditures worth Rs 16.36 crore.

Ankur Gupta, Joint Managing Director of Ashiana Housing said, “Recognizing the shifting societal norms, the acceptance of senior living is gaining traction, resulting in steady growth within the sector. In this era, we understand that retirees require ample space to spend their time freely and peacefully.”

He also laid emphasis on the top notch healthcare infrastructure and services available in Pune along with the climatic conditions of the city which shall be favorable for the senior citizens.

The delivery of the first phase of the housing project is scheduled for October 2026.