Ashiana Housing Buys Land in Pune for Senior Living

New Delhi, Apr 10 (PTI) Realty firm Ashiana Housing has bought 28.55 acres of land in Pune to develop a senior living housing project with an estimated revenue of Rs 1,800 crore.

"The company has acquired a piece of land measuring 28.55 acres (approximately) on an outright purchase basis" in Pune, Maharashtra," Ashiana Housing said in a regulatory filing.

"This is the largest ever land deal by the company for the development of a Senior Living project. The approximate saleable area is 20 lakh sq ft with a sales value potential of Rs 1,800 crore," it added.

Ankur Gupta, JMD of Ashiana Housing, said the company was looking for land parcels in this area to cater to the huge demand for senior homes.


Recently, Ashiana Housing Ltd reported that its sales bookings jumped more than two-fold to Rs 1,289.70 crore during the fourth quarter of the last fiscal on better demand.

Its sale bookings stood at Rs 574.73 crore in the year-ago period.

Ashiana Housing reported record sales bookings or pre-sales at Rs 2,421.47 crore last fiscal from Rs 1,936.75 crore in the 2024-25.

The company sold 26.73 lakh sq ft during the full 2025-26 fiscal.

Delhi-based Ashiana Housing is one of the leading real estate developers in the country. It builds homes for senior citizens as well as regular group housing projects. The company has presence mainly in Delhi-NCR, Tamil Nadu, Maharashtra and Jharkhand.