About Ashiana Housing Limited

Ashiana Housing Limited is a public limited real estate developer incorporated in India and listed on the National Stock Exchange and the Bombay Stock Exchange. The registered office is in Kolkata, while the head office is in Saket, New Delhi. The company’s principal business is real estate development, with a presence across Rajasthan, Jharkhand, Maharashtra, Haryana, West Bengal, Gujarat and Tamil Nadu. Ashiana traces a legacy of 45+ years and serves more than 19,000 families, supported by a group-level employee base of 1,285.

Ashiana develops a focused portfolio spanning Kid Centric Homes, Active Senior Living and Senior Care, Premium Homes and Elite Homes. Its purpose, vision and mission are centred on delivering functional, aesthetically pleasing, environment-friendly homes for the middle-income group and creating retirement communities where senior citizens can lead active, secure and dignified lives. Operations are entirely India-focused, with projects and offices across key micro-markets including Gurugram, Jaipur, Bhiwadi, Chennai, Pune/Lavasa, Jamshedpur and Kolkata. The company has five subsidiaries (including real estate development and support operations entities) as disclosed in the consolidated notes.

Key milestones of Ashiana Housing Limited

Key milestones include listings on BSE and NSE, expansions into major cities such as Jaipur, Kolkata and Lavasa, and strategic funding partnerships with the International Finance Corporation (IFC) for residential projects. Recent milestones feature the launch of the “Elite Homes” category (via One44, Jaipur), a strategic head office shift to Delhi, and project funding through secured non-convertible debentures from ICICI Prudential Mutual Funds for Gurugram Sector 80 (Ashiana Aaroham).

Ashiana Housing Limited Business Segments

• By vertical: Construction (real estate activities with own or leased property) contributed 98% of the entity’s turnover.
• By geography: The company reports a single geographical segment—India—with no international operations or exports contributing to turnover.

Ashiana Housing Limited Key Management

• Vishal Gupta – Managing Director
• Ankur Gupta – Joint Managing Director
• Varun Gupta – Whole Time Director
• Vikash Dugar – Chief Financial Officer (CFO)
• Nitin Sharma – Company Secretary

Latest Updates on Ashiana Housing Limited

• Operational performance: The company achieved bookings of Rs 1,936.74 crores (highest ever) and recorded the highest pre-tax operating cashflows at Rs 429.90 crores in FY 2024–25, alongside an average sales price of Rs 7,179 per sq. ft..
• Launches: New phases were launched across key projects—Ashiana Amarah (Phases 4–5, Gurugram), Ashiana Malhar (Phase 3, Pune), One44 (Phase 2, Jaipur), Ashiana Advik (Phase 2, Bhiwadi), Ashiana Ekansh (Phases 3–4, Jaipur), Ashiana Nitara (Phases 2–3, Jaipur), Ashiana Amodh (Phase 2, Pune) and Ashiana Swarang (Phase 1, Chennai).
• Credit ratings and financing: Credit ratings were reaffirmed—[ICRA] A (Stable) for bank facilities; CARE A; Stable for multiple NCDs, including Rs 125 crores secured NCDs allotted on May 13, 2024. Additionally, IFC-backed unsecured NCDs were raised earlier for Gurugram (Rs 97 crores) and a senior living project in Chennai (Rs 26.40 crores).
• Brand and recognitions: The company launched the “Ashiana Podcast – Adding Zindagi to Years” and sustained leadership as India’s No. 1 Senior Living Brand by Track2Realty for the ninth consecutive year. Project-specific honours included ET Realty’s Senior Living Project of the Year for Ashiana Amodh and Golden Bricks awards for One44 (Outstanding Project – Regional) and Ashiana Vatsalya (Innovative Concept – Regional).
• Deliveries: Handovers in the year included Ashiana Shubham (Phase 4, Chennai), Ashiana Amantran (Phase 3 and retail, Jaipur), Ashiana Umang (Phase 6, Jaipur) and Ashiana Tarang (Phase 4A, Bhiwadi).
• Regulatory matter: The Directorate General of GST Intelligence (DGGI) closed proceedings, issuing a closure letter dated March 19, 2025; a one-time PAT impact of Rs 5 crores was recorded as an exceptional item.