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MoneyWorks4Me

Ashiana Housing acquires land in Rajasthan to develop residential project

24 May 2012 Evaluate

Ashiana Housing has acquired a land parcel measuring 4154.73 sq mt in Vasundhra Nagar, Bhiwadi in Rajasthan. The land is acquired in an auction conducted by Urban Improvement Trust (UIT), Bhiwadi.

The land will be utilized to develop a residential project comprising of 4 & 5 BHK flats with retail units on the ground floor. The total saleable area will be approximately 120,000 sq. ft. The company plans to receive the requisite approvals in the next three months and start development thereafter.

Ashiana Housing is a fast growing real estate developer. It has presence in group housing, retirement resorts, retail, hotels and facilities management. It has pioneered the concept of retirement resorts in India.

Peers
Company Name CMP
Lodha Developers 1005.00
Prestige EstatesProj 1433.00
Dilip Buildcon 390.30
DLF 670.00
Oberoi Realty 1614.65
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