Ashiana Housing Plans ₹800 Crore Investment for Land Acquisition in FY27
Ashiana Housing to invest Rs 800 crore for land acquisition in FY27
economictimes_indiatimesImage: economictimes_indiatimes
Ashiana Housing, a real estate developer specializing in senior living projects, will invest ₹800 crore (approximately $96 million USD) for land acquisition across India in FY27. The company reported record sales of ₹570.2 crore in FY26, indicating strong demand for senior housing.
- 01Ashiana Housing to invest ₹800 crore for land acquisition in FY27.
- 02Company recorded highest-ever sales value of ₹570.2 crore in FY26.
- 03Sales volume increased from ₹382.9 crore in FY25.
- 04Plans to explore new cities for expansion in addition to current locations.
- 05Strong demand for senior living housing drives investment strategy.
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Ashiana Housing, a prominent real estate developer focusing on senior living projects, has announced a substantial investment of ₹800 crore (approximately $96 million USD) for land acquisition across India in the fiscal year 2027. This move follows a record sales performance in fiscal year 2026, where the company achieved a sales value of ₹570.2 crore, marking the highest in its history. This figure represents a significant increase from the previous fiscal year, where sales were ₹382.9 crore. Ankur Gupta, the joint managing director of Ashiana Housing, emphasized the ongoing demand for senior living housing and the company's commitment to seeking new land opportunities in various cities, alongside expanding in areas where they already operate. This strategic investment reflects Ashiana's confidence in the growing market for senior living accommodations in India.
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This investment could lead to increased availability of senior living accommodations, addressing the growing demand in the market.
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