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Time of India
3 days ago
- Time of India
Gunfight erupts in drug raid; 1 injured, 2 dodge
Ludhiana: An alleged criminal was seriously injured and two others managed to escape after an early morning encounter with the Anti-Narcotics Task Force (ANTF) in Gorsiyan Khan Muhammad village, located in the Sidhwan Bet area of Ludhiana district on Friday. The ANTF team had reached the village in connection with an NDPS case registered by the AGTF, Mohali police. According to SSP, Ludhiana Rural, Dr Ankur Gupta, the team was pursuing Sunny, a resident of Vehran village in Mehatpur, Jalandhar, who is named in a drug trafficking case. Police had received intelligence that Sunny and his accomplices were hiding at the residence of Kuldeep Singh alias Keepa, a local resident of Gorsiyan Khan Muhammad. When the police team arrived, the suspects allegedly attempted to escape through the back gate. In the process, they allegedly opened fire on the police team with the intent to kill. Police fired back in self-defence. While Sunny and another accomplice managed to escape, one of the suspects—identified as Davinder Singh of Akkuwal village—was injured during the exchange. He was rushed to DMC Hospital, Ludhiana, where he is currently undergoing treatment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Mixed Pink Salt With This - Now She Can't Stop Losing Weight Your Health Undo AIG Jagjit Singh Saroya said that the encounter was linked to a major drug case registered on July 10 at AGTF, SAS Nagar, involving the recovery of 1.8 kilograms of heroin. Six individuals have already been arrested in connection with the case, and raids are ongoing to apprehend the remaining accused. Saroya added that the gang involved has suspected links to major drug smugglers lodged in jail, and possibly connections in Pakistan. He stated that the investigation is being conducted in-depth and could lead to significant revelations. Meanwhile, SSP Ankur Gupta revealed that Sunny has two cases registered against him—one at Phagwara police station in Kapurthala and another at AGTF SAS Nagar Mohali. Kuldeep Singh Keepa has five cases registered across Sidhwan Bet, Ladowal, and Dharmakot (Moga) police stations. Davinder Singh also has three cases registered against him at Sidhwan police station. Police officials said further raids are planned, and efforts are underway to arrest the absconding accused. MSID:: 123190584 413 | Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
Time of India
5 days ago
- Time of India
Jagraon in Punjab bulldozes drug-linked house.
Ludhiana: In a high-profile move against alleged drug offenders, the municipal council of Jagraon, backed by police, on Wednesday demolished a house linked to an accused drug smuggler, citing illegal occupation. The house, reportedly owned by Amritpal Kaur—currently lodged in jail under multiple cases registered under the Narcotic Drugs and Psychotropic Substances (NDPS) Act—was razed using a bulldozer in the presence of law enforcement. Senior superintendent of police Ankur Gupta, who oversaw the operation, confirmed that Kaur faces four separate NDPS-related cases and remains behind bars. Executive Officer of the municipal council, Sukhdev Singh Randhawa, said the action had come after due process. A notice had earlier been affixed to the property asking the owner to submit legal ownership documents, which were not provided. "Based on the official records, the land belongs to the municipal council," Randhawa said. "A lavish structure had been built on it without permission. The council took possession and demolished the property. " The demolition is part of a broader administrative push to seize illegally occupied properties allegedly linked to drug trafficking, officials said.
Economic Times
5 days ago
- Business
- Economic Times
Ashiana Housing to invest Rs 425 crore in senior living projects
Synopsis 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.
New Indian Express
6 days ago
- Business
- New Indian Express
Ashiana Housing to invest Rs 425 crore in senior living; eyes Mumbai, Bengaluru markets
Realty firm Ashiana Housing on Tuesday announced a capital outlay of Rs 425 crore in the ongoing financial year FY25–26 to expand its footprint in the senior living housing segment. The outlay includes payout to landowners, construction and execution costs and other project-related expenses. As part of the expansion plan, the company plans to enter Mumbai, Bangalore and Delhi NCR markets. In FY2024–25, outlay incurred by the company was Rs 213 crore towards senior living and the company also recorded booking value of Rs 382 crores. This year the listed real estate company is planning to launch five new phases in existing senior living projects (approx. 5.71 lakh square feet of saleable area). The company constructed approx. 5.38 lakh square feet in this segment last year. Share of Ashiana Housing closed 1% lower on Tuesday at Rs 316.45 apiece. The company has a market capitalisation of Rs 3,200 crore. 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. Ankur Gupta, Joint Managing Director, Ashiana Housing, said, "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." 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. The demand for structured senior living communities, driven by longer life expectancy, financial independence, and changing family structures, is translating into significant market opportunity. 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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Business Standard
6 days ago
- Business
- Business Standard
Ashiana Housing to invest ₹425 crore in FY26 for senior living projects
Realty firm Ashiana Housing Ltd plans to invest Rs 425 crore this fiscal year on development of senior living homes. In a regulatory filing, the company said it is "contemplating a total outlay of Rs 425 crore towards senior living during FY2025-26". The investments would be on payout to landowners, construction and execution costs and other project related expenses. Commenting on the growth strategy, Ankur Gupta, Joint Managing Director, Ashiana Housing, said, "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," he added. In the 2024-25 fiscal year, Ashiana Housing had invested Rs 213 crore towards senior living. Gupta said the company had sold Rs 382 crore worth of senior living homes in 2024-25 and are targeting around Rs 450 crore this year. "We are looking for land parcels for development of senior living homes. But, land prices have gone up sharply in the last few years," he added. Ashiana Housing 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.
