Ashiana Housing to invest ₹1,000 cr in FY27 to acquire land for expansion

Ashiana Housing MD Vishal Gupta said housing demand continues to be strong despite global uncertainties | Image: Bloomberg

Realty firm Ashiana Housing will invest ₹1,000 crore this fiscal to buy land parcels for development of housing projects as part of its expansion plan, a top company official said.

Listed entity Ashiana Housing is one of the leading real estate developers in the country. It specialises in building homes for elderly people.

In an interview with PTI, Ashiana Housing MD Vishal Gupta said housing demand continues to be strong despite global uncertainties.

To tap this demand, he said the company is expanding business across major markets including Delhi-NCR, Rajasthan, Maharashtra and Tamil Nadu.

On land acquisition, Gupta said the company is continuously looking for land to develop regular group housing and also senior living projects.

"We will be investing around ₹1,000 crore this fiscal on land acquisition," he said, adding that the company has enough cash to fund the investment.

The land acquisition would be outright as well as joint development with landowners.

On sales bookings for the 2026-2027 fiscal, Gupta said it should be more or less the same as the last fiscal that saw pre-sales of over ₹2,400 crore.

In the first quarter of the current fiscal, Ashiana Housing achieved sales bookings of ₹358 crore as against ₹431 crore in the year-ago period.

During the April-June quarter, the company acquired 28.55 acres of land on an outright purchase basis in Pune.

This was the largest ever land deal by the company for development of a senior living project. The upcoming project will have a saleable area of 20 lakhs sq ft and a revenue potential of ₹1,800 crore.

Gupta noted that the senior living segment has a great business potential with ageing population.

Recently addressing a CII event, Gupta, who is also head of CREDAI-NCR, emphasised on the need to develop affordable housing projects.