Ashiana Housing Acquires 28.55 Acres in Pune, Project Potential Valued at ₹1,800 Crore
Ashiana Housing gains on acquiring 28.55 acres' land in Pune; sales potential at Rs 1,800-cr
Business Standard
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Ashiana Housing's shares rose by 3.57% to ₹329 following the acquisition of 28.55 acres in Vadgaon, Pune, for a senior living project. This largest land deal is expected to yield a saleable area of 20 lakh sq. ft. and generate approximately ₹1,800 crore in sales potential.
- 01Ashiana Housing's stock increased by 3.57% after land acquisition.
- 02The company purchased 28.55 acres in Vadgaon, Pune.
- 03The project is expected to have a saleable area of around 20 lakh sq. ft.
- 04Projected sales value from the project is approximately ₹1,800 crore.
- 05The company's net profit surged by 420.2% in Q3 FY26 compared to the previous year.
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Ashiana Housing's stock experienced a 3.57% increase, reaching ₹329 per share, after the company announced the acquisition of 28.55 acres of land in Vadgaon, Taluka Maval, Pune district. This land will be developed into a senior living project, marking Ashiana's largest land deal to date. The project is expected to provide a saleable area of approximately 20 lakh sq. ft., with a potential sales value of around ₹1,800 crore. In addition to this acquisition, Ashiana Housing reported a significant financial performance, with a 420.2% increase in consolidated net profit to ₹56.65 crore for Q3 FY26, driven by a 171.6% rise in net sales to ₹361.85 crore compared to Q3 FY25.
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The acquisition is expected to enhance local employment opportunities and contribute to the real estate market in Pune, benefiting homebuyers looking for senior living options.
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