Ashiana Housing, pioneers of senior housing idea in India, has signed a memorandum of understanding with the Government of Rajasthan for an funding of Rs 420 crore over the following three years within the metropolis of Bhiwadi for growth of residential initiatives.
The MoU was signed at an funding summit within the Alwar district of Rajasthan. Shakuntala Rawat, Minister Industries, and Col Shantanu Haldule, Vice President, Ashiana Housing Ltd Bhiwadi, exchanged the MoU on the event.
Commenting on the event, Col. Shantanu Haldule, Vice President-Bhiwadi & Neemrana, Ashiana Housing, mentioned, “This is a landmark moment for Ashiana as it gives us the opportunity to contribute more towards the development of the planned city of Bhiwadi and also towards providing people with quality housing, care and more convenient lives.”
Col. Haldule additional added that, “The investment would help enhance the face of the city with high-end technological solutions for convenient lives of our people.”
The MoU additional consolidates Ashiana’s dedication in direction of funding and growth of recent initiatives and betterment of lives even within the Tier 2 cities.
The firm has a powerful presence within the NCR area and the state of Rajasthan. In the deliberate metropolis of Bhiwadi, which comes throughout the ambit of NCR, Ashiana already has marked a powerful presence within the segments of consolation houses, senior dwelling areas and kid-centric houses.
The funding dedication comes at a time when the sector is in a revival mode and the corporate has already witnessed greater demand and rising gross sales.
Recently, Ashiana Housing reported a 7% improve in its gross sales bookings for FY 2021-22 at Rs 573.25 crore. Sales bookings within the monetary yr 2020-21 stood at Rs 534.68 crore, in keeping with a regulatory submitting.
With over 41 years of presence in the true property sector, and 18 years of expertise within the senior dwelling area, the corporate has delivered over 23 million sq. ft of property and is managing and sustaining over 19 million sq. ft of property.
Source: www.financialexpress.com”