Pune: Ashiana Housing Invest Rs 550 Crores in its Western Projects

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Pune, 3rd October 2023: Renowned real estate developer, Ashiana Housing, listed on both NSE and BSE, has embarked on an ambitious growth trajectory in the western region. The company’s strategic expansion, featuring a diverse portfolio of residential and senior living projects, is set to redefine the real estate landscape in this vibrant market.

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.

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 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. The Phase I delivery is expected by October 2026 and will include 220 units with options such as 3BHK+2Toilets, 2BHK+2Toilets, and 1BHK+2Toilets. The usable areas will vary from 637.34 sq ft to 1122.36 sq ft.

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.”

Apart from Ashiana Malhar and Ashiana Amogh, Ashiana Housing’s influence extends to other significant projects. The Lavasa senior housing project embodies the company’s dedication to crafting distinctive spaces for senior citizens, complete with modern comforts and essential services. Similarly, the housing project in Gujarat Halol caters to the evolving needs of homeowners in the industrial region.

Ashiana Housing’s rapid and ambitious development strategy showcases the company’s agility and market insight. The company’s presence in 9 Indian cities, having constructed and delivered over 23 million square feet, and managing more than 19 million square feet under lifetime service agreements, reflects the trust and confidence it has garnered. Driven by innovation, quality, and customer satisfaction, Ashiana Housing is emerging as a trailblazer in the western real estate sector.

10/03/23, 04:38:54 PM