Ashiana Housing Limited has informed the Exchange regarding a press release dated August 26, 2025, titled "Intimation under Regulation 30 of the Securities Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 ( LODR Regulations ) about acquisition of Land in Chennai".
ASHIANA · price
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Awaiting price reaction for this filing.
Ashiana Housing has acquired 22.71 acres of land in Chennai on a perpetual lease basis from Mahindra World City Developers Ltd., a subsidiary of Mahindra Lifespace Developers Ltd. The land is located within the Mahindra World City complex and is adjacent to the company's existing senior living project 'Ashiana Vatsalya'. It has a saleable area of around 15 lakh sq. ft. and an estimated sales potential of approximately INR 1,200 crores. The company plans to develop a new senior living project consisting of villas and apartments on this land. This move expands Ashiana's senior living portfolio in the Chennai market.
This is a growth-positive announcement, adding a sizeable revenue pipeline (~₹1,200 cr) and strengthening Ashiana's presence in the fast-growing senior living segment. Investors should watch for execution timelines and capital deployment, but the deal supports future top-line visibility.