Ashiana Housing Sells All 224 Units For Rs. 242 Crore On The Day Of The Project’s Inauguration

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The company, which primarily operates senior living facilities, announced in a statement that it has opened a 22-acre kid-centric project called “Ashiana Amarah” in Sector 93, Gurugram.

Despite a rise in home loan interest rates, Ashiana Housing Ltd said on Monday that it had sold all 224 flats in its new Gurugram housing complex for Rs 242 crore, owing to festive demand.

The company, which primarily operates senior living facilities, announced in a statement that it has opened a 22-acre kid-centric project called “Ashiana Amarah” in Sector 93, Gurugram.

“The project’s first phase was completely sold out on day one, with 224 units totaling 3.95 lakh square feet of saleable area valued at Rs 242 crore,” Ashiana Housing said.

“With this launch, we are boosting our brand’s standing in the National Capital Region, particularly in premium Gurugram,” said Varun Gupta, Ashiana Housing’s Whole-time Director.

Earlier this month, DLF sold all 292 premium apartments in Gurugram for more than Rs 1,800 crore within a few days of the project’s opening, indicating strong demand despite rising interest rates on home loans and property costs.

This Is How Ashiana Housing Ltd. Became One Of The Leading Real Estate Developers

On September 26, DLF opened their project ‘The Grove,’ which is located at DLF phase-5 in Gurugram, Haryana.

Home loan interest rates have surpassed 8% and are approaching 9% as the Reserve Bank of India has raised the repo rate by 190 basis points since May.

Ashiana Housing Ltd. is one of the country’s leading real estate enterprises. Ashiana Housing has built and delivered over 23 million square feet in 9 locations, servicing over 15,000 families.

Last week, Ashiana Housing announced a Rs 92 crore investment in the first phase of its new senior housing project in Bhiwadi, Rajasthan. In Sector 39, Bhiwadi, the company introduced a new project called “Ashiana Advik,’ which is aimed towards older people.

The project would include 910 housing units distributed across 16.9 acres of land. The project’s initial phase will have 192 apartments.

Source-ET

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