Ashiana Housing to stop construction work on Jamshedpur land

25 Sep 2012

Ashiana Housing has been instructed to stop any kind of construction work, with immediate effect, and to maintain status quo on the land bearing khata no. 622, plot no. 75, ward No. 1, in Sonari, Jamshedpur which was taken on sub lease by the company from TATA for development and construction of hotel cum shopping complex. The company has taken this step pursuant to notification received by the Jamshedpur Notified Area Committee vide its letter dated September 21, 2012.

Accordingly, the company has stopped all the construction work at the site of ‘Marine Plaza’ in compliance of the said letter.

The company initiated construction of shopping complex cum hotel namely ‘Marine Plaza’ on the aforesaid land with all requisite approvals in place. However, the company is exploring legal remedies to get the said order set aside.

Listed Ashiana Housing is a fast growing real estate developer with its head office in New Delhi, India. The company has presence in group housing, active senior living, retail, hotels and facilities management.

Related Ashiana Housing Ltd. Links:

Ashiana Housing Share Price

111.85 -2.90 (-2.53%) May 14, 18:01
1 Year Price Chart
Company Name CMP
Dilip Buildcon 526.85
NBCC (India) 48.95
Sobha 445.50
JMC Projects (India) 96.90
Prestige Estate Proj 266.95
View more..
Sensex vs Ashiana Housing
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323