Ashiana Housing to invest Rs 275 cr to develop project for senior citizens
Realty firm Ashiana Housing will invest Rs 275 crore to develop a housing project in Pune for senior citizens.
The Delhi-based company said in a statement that it has launched a joint venture project, Ashiana Amodh Senior Living at Talegaon in Pune.
The project, spread over 11.93 acres, will be developed in four phases and will entail an investment of Rs 275 crore, it added.
The project will be funded through internal accruals and construction finance.
Ashiana Housing said the delivery of the first phase is scheduled for October 2026.
The company is targeting customers aged 55 and above. In the first phase, 220 units will be developed and sold in a price range of Rs 57 lakh to to Rs 1.27 crore.
The development of the first phase includes the land cost of Rs 25.11 crore, construction cost of Rs 52.38 crore, and other expenditures of Rs 16.36 crore.
The total investment in the project would be Rs 275 crore, the company said.
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