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Ashiana Housing Ltd, a real estate developer, said on Tuesday, April 2, that it has sold all of Phase 3 of the Ashiana Amarah project in Gurugram for ₹440.32 crore.
“We are pleased to inform you that the entire 224 units in Phase 3 of ‘Ashiana Amarah’ (Gurugram) have been converted into booking by 30th March 2024, having a sale value of Rs 440.32 crore,” according to a filing with the stock market.
Ashiana Amarah Phase 3 In Sector 93, Gurgaon
Phase 3 of the Ashiana Amarah project, according to Ashiana Housing, has a total saleable area of 3.77 lakh square feet. “The project consists of 3 BHK units and is located at Sector 93, Gurugram (Haryana),” added the announcement.
For the quarter that ended in December, Ashiana Housing reported a more than three-fold increase in its consolidated profit after tax to ₹27.8 crore due to improved revenue and a spike in demand for residential real estate.
Its profit for the previous year was ₹9.05 crore. From ₹135.31 crore in the same time last year to ₹189.25 crore during the October–December fiscal period, total income increased.
Ashiana Housing Delivered 50+ Projects Across The Nation
The real estate player’s earnings after taxes jumped dramatically from ₹17.50 crore to ₹66.02 crore from April to December of last year’s fiscal year. In the first nine months of current fiscal year, total income grew to ₹669.56 crore from ₹308.25 crore during the same time last year.
One of the top real estate companies in the nation, Ashiana Housing is listed on stock exchanges and specializes in developing mid-income homes. Its 50+ projects include senior living, cozy homes, and kid-centric homes, all with the goal of providing a premium lifestyle at reasonable costs.
Ashiana Housing, which operates in nine Indian cities, has built and supplied more than 23 million square feet to more than 15,000 customers. Ashiana Housing Ltd.’s shares closed at ₹300.80 on the BSE, up ₹15.85, or 5.56%.
