Ashiana Housing to invest Rs 425 crore in senior living projects
Ashiana Housing Limited will invest ₹425 crore in FY2025-26 to expand its senior living projects, including entry into Mumbai, Bangalore, and Delhi NCR. Building on a ₹213 crore investment and ₹382 crore booking value in FY2024-25, the company plans to launch five new phases in existing projects.
Getty Images Ashiana Housing (Representational Image) Ashiana Housing Limited will invest Rs 425 crore towards land acquisition, construction and execution of senior living projects during FY2025–26.
The company plans to enter Mumbai, Bangalore, and Delhi NCR market.
In FY2024–25, company had invested Rs 213 crore towards senior living and recorded booking value of Rs 382 crore. This year, the group is planning to launch five new phases in existing senior living projects (approximately 5.71 lakh square feet of saleable area). The company constructed approximately 5.38 lakh square feet in this segment last year. "Senior living is more than a business segment for us, it is a long-term commitment rooted in demographic need and social relevance. The increased investment and our entry into Mumbai, Bangalore and other cities reflect our conviction in the segment and our ability to deliver integrated housing solutions with ongoing support and community engagement,' said Ankur Gupta, Joint Managing Director, Ashiana Housing Ltd.
Ashiana has recorded booking value of Rs 382 crore in senior living in FY2024–25 and are targeting around Rs 450 crore this year. The segment now accounts for over 30% of the company's residential portfolio. The company currently has nine ongoing projects, three in Bhiwadi (NCR), three in Chennai, and one each in Jaipur, Pune, and Lavasa (Pune). It is now planning to expand its footprint into Bengaluru and Mumbai. According to the JLL-ASLI Report, India's senior population is projected to grow from 156.7 million in 2024 to over 346 million by 2050. As per Colliers India, the Indian senior living sector, currently valued at USD 2–3 billion, is expected to grow to USD 7.7 billion by 2030.
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