Ashiana Housing Ventures into Karnataka and Rajasthan with Landmark Projects in Senior and Group Housing
Addressofchoice 24 December 2024
In a significant move to cater to the senior living segment, Ashiana Housing has inked a memorandum of understanding (MoU) to develop a senior living project on 12.5 acres along Kanakpura Road, Harohalli, Karnataka. Partnering with three land-owning individuals, the project will feature an estimated saleable area of 11 lakh square feet. The joint development agreement is expected to be finalised within six months, setting the stage for this innovative residential initiative.
Senior Housing Designed for Accessibility and Comfort
This senior living project aims to meet the growing demand for specialised housing that caters to the ageing population. Designed to promote comfort, accessibility, and community engagement, the project reflects Ashiana Housing's commitment to creating vibrant spaces tailored to senior residents' unique needs.
Expanding Group Housing Footprint in Jaipur
In another ambitious venture, Ashiana Housing has agreed to lease 20 acres in the social infrastructure zone of Mahindra World City, Jaipur, for a group housing project. The proposed development, with an estimated saleable area of 20 lakh square feet, is a testament to Ashiana's intent to serve a diverse residential demographic. The lease deed is scheduled to be completed within 90 days, ensuring a swift start to planning and execution.
Strategic Location in Mahindra World City
The Jaipur-based group housing project benefits from its strategic location within Mahindra World City, an integrated urban space offering a balanced blend of residential, commercial, and social infrastructure. This positioning aligns with Ashiana Housing’s mission to deliver thoughtfully planned communities in growing urban regions.
Strengthening Presence in Key Markets
Through these dual initiatives, Ashiana Housing is not only broadening its geographical footprint but also addressing varied housing needs. The senior living project in Karnataka underscores its dedication to specialised housing solutions, while the group housing development in Rajasthan highlights its commitment to serving the general population with quality residential options.
Highlights of Ashiana Housing’s Latest Projects
- Senior Living Project in Karnataka
- Location: Kanakpura Road, Harohalli
- Land Size: 12.5 acres
- Saleable Area: 11 lakh square feet
- Agreement Type: Joint Development Agreement within six months
- Group Housing Project in Rajasthan
- Location: Mahindra World City, Jaipur
- Land Size: 20 acres
- Saleable Area: 20 lakh square feet
- Agreement Type: Lease deed finalised within 90 days
- Key Focus Areas: Senior living facilities and general residential housing
- Strategic Partnerships: Collaboration with landowners in Karnataka and Mahindra World City (Jaipur) Limited
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