Ashiana Housing Acquires 8.83 Acres in Raigad for Senior Living Project
Ashiana Housing Ltd. has strategically acquired 8.83 acres of land in village Wavarle, Taluk Khalapur, District Raigad, Maharashtra, for developing a Senior Living project. The outright purchase from multiple sellers will enable the company to create approximately 4.50 lakh square feet of saleable area, strengthening its position in the specialized senior living residential segment.

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Ashiana Housing Ltd. has announced a strategic land acquisition in Maharashtra, expanding its footprint in the senior living segment through the purchase of 8.83 acres in the Raigad district.
Land Acquisition Details
The company has acquired the land parcel on an outright purchase basis from multiple sellers in village Wavarle, Taluk Khalapur, District Raigad, Maharashtra. The acquisition represents a significant addition to the company's land bank for specialized housing projects.
| Parameter: | Details |
|---|---|
| Land Area: | 8.83 acres (approx.) |
| Location: | Village Wavarle, Taluk Khalapur, District Raigad, Maharashtra |
| Purchase Type: | Outright purchase from various sellers |
| Project Type: | Senior Living development |
| Planned Saleable Area: | 4.50 lakh sq. ft. (approx.) |
Project Development Plans
Ashiana Housing plans to develop a Senior Living project on the newly acquired land. The proposed development is expected to offer approximately 4.50 lakh square feet of saleable area, catering to the growing demand for senior-focused residential communities.
Regulatory Compliance
The land acquisition was disclosed to the stock exchanges in compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. The company filed the intimation with both BSE Ltd. and the National Stock Exchange of India Ltd., ensuring full regulatory transparency.
This acquisition aligns with Ashiana Housing's focus on developing specialized residential projects, particularly in the senior living segment, which has been gaining traction in the Indian real estate market.
Historical Stock Returns for Ashiana Housing
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.23% | +4.35% | +3.50% | -7.34% | -12.58% | +189.63% |


































