Ashiana to invest Rs 750 cr on 4 new housing projects
Real Estate

Ashiana to invest Rs 750 cr on 4 new housing projects

To develop four new housing projects in Rajasthan and Jamshedpur realty firm Ashiana Housing will invest about Rs 750 crore in the next five years. The company would construct nearly 4,000 apartments in these projects.

Ashiana Housing Managing Director Vishal Gupta said that after unveiling its new corporate identity, the company launched a housing project in Jamshedpur. It will announce two new projects in Jaipur and one in Bhiwadi by June this year, he added.

As the company take Ashiana forward to greater heights in quality, service, size and the number of locations, the company feel the need to create a much stronger and differentiated brand Gupta said.

Elaborating on the new projects, Gupta said the company would develop 400 flats in Jamshedpur at a project cost of about Rs 75 crore. In Jaipur, the company would launch two projects by June where it would construct 2,000 apartments at a total cost of Rs 400 crore.

Gupta said the company would also launch the first phase of its 50-acre township in Bhiwadi in April. In first phase, we will develop 1,500 flats. The project cost will be about Rs 280 crore, he added.

To develop four new housing projects in Rajasthan and Jamshedpur realty firm Ashiana Housing will invest about Rs 750 crore in the next five years. The company would construct nearly 4,000 apartments in these projects. Ashiana Housing Managing Director Vishal Gupta said that after unveiling its new corporate identity, the company launched a housing project in Jamshedpur. It will announce two new projects in Jaipur and one in Bhiwadi by June this year, he added. As the company take Ashiana forward to greater heights in quality, service, size and the number of locations, the company feel the need to create a much stronger and differentiated brand Gupta said. Elaborating on the new projects, Gupta said the company would develop 400 flats in Jamshedpur at a project cost of about Rs 75 crore. In Jaipur, the company would launch two projects by June where it would construct 2,000 apartments at a total cost of Rs 400 crore. Gupta said the company would also launch the first phase of its 50-acre township in Bhiwadi in April. In first phase, we will develop 1,500 flats. The project cost will be about Rs 280 crore, he added.

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