Ashiana Housing to invest Rs 300 crore in Sohna project
The project offers a total of 780 units of two and three BHKs
May 28, 2015
Source : The Economic Times (


NEW DELHI: Real estate firm Ashiana Housing will inject Rs 300 crore into a 13 acre residential project in Sohna, Gurgaon that it is building in a joint venture with the land owner. 
"We will invest around Rs 250-300 crore in the Sohna project, which will be funded through internal accruals," said Shantanu Haldule, vice president of Ashiana Housing. 
The project christened 'Ashiana Anmol', with a total saleable area of 11.60 lakh sq ft, will be developed in two phases, offering a total of 780 units of two and three BHKs. The company has launched the first phase of the project offering 300 homes in the sizes ranging between 1270 sq ft and 1700 sq ft. 
"We are awaiting the environmental clearance, which might take around 2-4 months, after which we aim to deliver the first 300 homes in around 26-39 months," Haldule added. 
Ashiana Housing on Wednesday reported a consolidated net profit of Rs 29.58 crore for the quarter ended March 31, against Rs 2.93 crore in the year-ago period, on higher sales. 
For the entire financial year 2014-15, the company's net profit jumped over two fold at Rs 46.49 crore from Rs 21.86 crore in the previous year.

Latest Realty News

May 27, 2015
MUMBAI: The BMC had passed the property tax proposal in which Mumbaikars would have to pay 14.52% additional property tax
May 27, 2015
KOLKATA | MUMBAI: Taking a cue from e-retailers, realtors are fast launching apps for smartphones
May 27, 2015
NEW DELHI: Affordable housing in the capital city of Delhi could get a major boost with the centre notifying norms for the land pooling policy
May 27, 2015
NEW DELHI: DDA is set to finalise the name of the consultancy company in the next few weeks to design a 100-storey smart sub-city complex
May 27, 2015
Mumbai: Nipun Sahni, former managing director and head, India, real estate investment group at Bank of America-Merrill Lynch has joined US-based Apollo Global Management as partner and head of real estate, India
May 27, 2015
Bengaluru: Private equity (PE) funds are increasingly buying apartments in bulk at steep discounts
May 26, 2015
GREATER NOIDA: The second phase of the Yamuna Expressway Industrial Development Authority's Master Plan-2031 was approved
May 26, 2015
BENGALURU: An arbitral tribunal has told DLF to pay Rs 50 crore as compensation to a private firm
May 26, 2015
NEW DELHI: IT/ITeS sector continues to be the main driver of the office space market
May 26, 2015
MUMBAI: Former Union minister and senior Congress politician Ajay Maken said that the proposed real estate regulatory authority bill was pro-builder

Latest Realty News Of State

Realty Talk's