Ashiana Housing to Invest Over ₹750 Crore in New Gurugram Residential Project

Ashiana Housing's New Venture in Gurugram

Ashiana Housing has announced a significant investment of over ₹750 crore to develop its latest residential project, Ashiana Aaroham, located in sector 80 of Gurugram. This ambitious project is set to transform the local real estate landscape, providing modern living spaces in one of India's rapidly growing urban areas.

Project Details and Funding

The Ashiana Aaroham project will span 10.8 acres and will consist of 542 residential units distributed across six towers. The funding for this project is being sourced through a combination of internal accruals, support from the International Finance Corporation (IFC), customer advances, and financing backed by ICICI Prudential Non-Convertible Debentures (NCDs).

Phased Development and Pricing

The development will be executed in phases, with Phase 1 allocated approximately ₹250 crore. This initial phase will offer 182 units, with prices ranging from ₹2.99 crore to ₹4.19 crore. The completion of Phase 1 is anticipated by July 2030, making it an exciting opportunity for potential homeowners in the area.

Conclusion

As Ashiana Housing moves forward with this project, it aims to meet the growing demand for quality housing in Gurugram, contributing to the region's development and providing residents with modern amenities and a vibrant community.