More Stories

Informist, Tuesday, Aug. 5, 2025

 

By Shakshi Jain

 

NEW DELHI – Ashiana Housing Ltd. plans to invest INR 4.25 billion in land parcels for senior living projects across five cities in the current financial year ending March. These deals, of which three are near conclusion -- in Chennai, Bengaluru, and Navi Mumbai's Panvel -- will largely be funded by internal accruals. The company is presently sitting on cash of more than INR 5 billion, Joint Managing Director Ankur Gupta said during a media roundtable discussion here on Tuesday. Among other markets, Pune and the National Capital Region are on the company's radar for land purchases. 

 

"Chennai will be a heavy purchase, we're looking at IFC (International Finance Corp.) funding... we've agreed on terms, so as the deal goes through, then detailing will be worked out. They will do 40% of whatever we buy land for," Gupta said.

 

Projects on these land parcels are expected to be launched within 18-24 months post-deal completion while the first phase of these projects is expected to be completed within three and a half years after launch. On average, the second phase of the projects will be concluded within seven years. For construction costs tied to these projects, the company plans to tie up with external partners, including the International Finance Corp. Last month, Ashiana Housing raised INR 1 billion from the International Finance Corp. for a project in Gurugram. 

 

Ashiana Housing, which is a well-known player in the senior living segment of the real estate sector, also offers kid-centric homes and homes in the premium and elite categories. Presently, projects in the premium segment account for nearly half of its overall top line, while those in the senior living and kid-centric segments contribute around 25% each. The contribution of the elite segment is less than 2% to its overall revenue.

 

In the ongoing financial year, the company aims to clock INR 4.5 billion in sales from its senior living segment, while the overall sales target for FY26 is INR 20 billion. Over a span of five years, the company aims to realise INR 20 billion in profits, Gupta said. For FY25, Ashiana Housing reported a bottom line of INR 182 million on a revenue of INR 5.57 billion.

 

On margins, which are currently in the low-teens, Gupta said the company aims to move over to the 15%-mark this year. Projects in the senior living segment typically offer higher margins of over 20%, he added. Ashiana Housing has been able to improve margins with better pricing in recent years, so going forward, the accounts are expected to reflect margins in the high teens, according to Gupta.

 

The company raised prices in the last financial year and does not plan to increase prices by more than 5-7% this year. It aims to launch five new phases this year in the existing senior living segment projects and initiate delivery in eight projects and phases overall, Gupta said.

 

Tuesday, shares of the company ended at INR 316.90 on the National Stock Exchange, down 0.8% from the previous close.

 

End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2025. All rights reserved.