Ashiana Housing rises on planning to invest Rs 275 crore to develop housing project in Pune.
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Ashiana Housing is currently trading at Rs. 185.10, up by 1.75 points or 0.95% from its previous closing of Rs. 183.35 on the BSE.
The scrip opened at Rs. 183.00 and has touched a high and low of Rs. 186.10 and Rs. 181.95 respectively. So far 4183 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 206.80 on 01-Jun-2023 and a 52 week low of Rs. 117.65 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 196.80 and Rs. 181.90 respectively. The current market cap of the company is Rs. 1894.03 crore.
The promoters holding in the company stood at 61.22%, while Institutions and Non-Institutions held 16.21% and 22.57% respectively.
Ashiana Housing is planning to invest Rs 275 crore to develop a housing project in Pune for senior citizens. It has launched a joint venture project, Ashiana Amodh Senior Living at Talegaon in Pune. The project, spread over 11.93 acres, will be developed in four phases and will entail an investment of Rs 275 crore.
The project will be funded through internal accruals and construction finance. The delivery of the first phase is scheduled for October 2026. The company is targeting customers aged 55 and above. In the first phase, 220 units will be developed and sold in a price range of Rs 57 lakh to to Rs 1.27 crore.
Ashiana Housing is a real estate development company. It is engaged in building residential and commercial projects. The firm also offers retirement resorts, group housing, hotels, retail and facility management.
