Ashiana Housing Limited has informed the Exchange regarding the Acquisition of Land in Pune (Maharashtra)
ASHIANA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 3.5 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Ashiana Housing Limited has acquired 28.55 acres of land at Vadgaon, Taluka Maval, District Pune, Maharashtra on an outright purchase basis. This is described as the company's largest ever land deal. The land will be used to develop a Senior Living project. The development has a saleable area of approximately 20 lakh square feet with a total sales value potential of INR 1,800 crores.
This acquisition significantly expands Ashiana Housing's land bank for its Senior Living vertical and represents a major growth opportunity, with potential sales value of INR 1,800 crores indicating substantial future revenue upside for the company.