ASHIANA HOUSING LTD. - Ashiana Enters the Chennai Market

Ashiana Housing Ltd has informed BSE that the Company has entered the Chennai market by signing a Development Agreement, on revenue sharing basis, with Escapade Real Estate (P) Ltd. (A group Company of Arihant Foundations & Housing Ltd.) a Chennai based real estate Company, for development of a 'Senior Living Project' as well as 'Regular Group Housing Project', on 20 acres (approx.) of land with saleable area of 9.70 lakhs sq. ft. (approx.).<BR><BR>The proposed project is coming up at Sengundaram village, Maraimalai Nagar, off. GST Road, Chennai (Tamil Nadu).