Ashiana Housing gains on acquiring 5.67 acres land parcel in Neemrana, Rajasthan

26 Nov 2012

Ashiana Housing is currently trading at Rs. 160.00, up by 1.00 points or 0.63% from its previous closing of Rs. 159.00 on the BSE.

The scrip opened at Rs. 160.00 and has touched a high and low of Rs. 164.95 and Rs. 158.05 respectively. So far 4619 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 183.50 on 12-Mar-2012 and a 52 week low of Rs. 128.00 on 21-Dec-2011.

Last one week high and low of the scrip stood at Rs. 172.95 and Rs. 155.05 respectively. The current market cap of the company is Rs. 297.76 crore.

The promoters holding in the company stood at 66.94% while Institutions and Non-Institutions held 0.56% and 32.50% respectively.

Ashiana Housing has acquired a land parcel measuring 5.67 Acres in Neemrana, Rajasthan. The land, which is already converted for non-agricultural purposes under the section ‘90 B’ of Rajasthan Land Revenue Act, will be utilized to develop a residential project comprising of 2 and 3 BHK flats with a total saleable area of approximately 4.25 lakhs square feet. Further, company expects to launch the project shortly.

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.

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