Ashiana Housing Limited
TypePublic
BSE: 523716
NSE: ASHIANA
IndustryReal estate
Founded1986
FounderOm Gupta
Headquarters
Aashiyana
,
India
Area served
New Delhi, Bhiwadi, Neemrana, Jaipur, Jodhpur, Jamshedpur, Lavasa, Kolkata, Chennai, Gujarat, Chas, Bokaro Steel City
Key people
Mr. Vishal Gupta (managing director)
Mr. Ankur Gupta (joint managing director)
Mr. Varun Gupta (whole time director)
ProductsApartments
Retirement community
Assisted living
Retail
Hotels
ServicesFacilities management
RevenueIncrease INR1, 1614.18 million (FY 2012–13)
Increase INR 331.47 million (FY 2012–13)
Total assetsIncrease INR 574.06 million (FY 2012–13)[1]
SubsidiariesAshiana Maintenance Services, Latest Developers Advisory Limited, Topwell Projects Consultants Limited
Websitehttps://www.ashianahousing.com

Ashiana Housing Ltd. (AHL) is an Indian real estate development company established in 1986 and headquartered in New Delhi, India. The firm is a real estate company that was recognized by Forbes as Asia's 200 Best Under A Billion in 2010 and 2011.[2]

History

Ashiana Housing Ltd.[3] is involved in middle to upper-middle income residential housing projects in satellite cities and towns in India– around industrial hubs – predominantly along the Delhi-Mumbai industrial corridor being promoted by the Government of India. Its residential real estate development projects range from apartments to group housing projects. In addition, it also develops limited retail and commercial properties, including hotels as well as retirement homes for senior citizens.[4]

The company was incorporated on 25 June 1986, under the Companies Act, 1956, as Ashiana Housing & Finance (India) Limited. Subsequently, the name of the company was changed to its present name in the year 2007.[5]

As of 31 December 2014, the company completed 24 residential developments and 6 commercial developments, aggregating 10.74 million square feet of saleable area.

Sponsorships and Joint Ventures

On 4 January 2010, Ashiana announced a joint venture with the Manglam group in Jaipur for the development of 31 acres of land. The Ashiana Manglam partnership built several projects in Jaipur.[6][7]

Ashiana Housing raised Rs 200 crore from Goldman Sachs and Creador by way of Qualified Institutional Placement of its equity shares in February 2015.[8][9]

In June 2015, Ashiana joined Escapade Real Estate, a part of Arihant Foundations, to launch a housing project called "Ashiana Shubham"[10] for senior living and normal housing, in Chennai.[11]

In July 2015, Ashiana signed a partnership deal with Shriram Properties to develop a housing project in Kolkata. Through this partnership with Bengal Shriram Hi-Tech City Pvt. Ltd. (a group company of Shriram Properties Ltd.), the company will develop senior living as well as regular housing on 19.72 acres of land.[12]

Financial Summary

During the fiscal year 2014–15, Ashiana's net profit doubled to Rs 46.49 crore from Rs 21.86 crore (the previous fiscal year). Income from operations increased to Rs 142.70 crore from Rs 110.65 crore. The company claims to have raised Rs 200 crore in 2015 from investors through Qualified Institutional Placement. In the fiscal year 2012–13, the company posted a profit after tax of Rs. 33.2 crore. The company reported a 61% increase in revenues (sales & other income) in 2011–12 over the previous financial year (2010–11).[13]

References

  1. ↑ "Ashianahousing" (PDF). Ashiana. Archived from the original (PDF) on 14 March 2014. Retrieved 14 March 2014.
  2. ↑ "O.P. Gupta, Chairman, Ashiana Housing". Mind your Business. Archived from the original on 15 September 2015. Retrieved 19 October 2015.
  3. ↑ "Can Ashiana Housing replicate its success outside North India". Forbes India Magazine. 3 March 2015. Retrieved 19 October 2015.
  4. ↑ Vishwanathan, Vivina (27 August 2013). "Money". livemint.com/. Retrieved 14 November 2018.
  5. ↑ "Ashiana Housing: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Ashiana Housing - NDTV".
  6. ↑ "Ashiana Housing Q4 net up by 57 per cent at Rs 26.65 crore". Economic Times. 3 June 2012. Retrieved 19 October 2015.
  7. ↑ "Ashiana & Mangalam Group launch new residential project in Jaipur". Projects Today. Retrieved 19 October 2015.
  8. ↑ "Ashiana Housing raises Rs 200 cr via QIP". Business Standard. 10 February 2015. Retrieved 19 October 2015.
  9. ↑ "Creador invests $16.2m in Indian housing developer Ashiana". AltAssets. 11 February 2015. Retrieved 19 October 2015.
  10. ↑ "Project Ashiana Shubham in Chennai by Ashiana".
  11. ↑ "Ashiana Housing, Escapade Real Estate to offer retirement home in Chennai". Business Standard. 14 June 2015. Retrieved 19 October 2015.
  12. ↑ "Ashiana Housing enters into development agreement". Sharekhan. ShareKhan. 14 July 2015. Retrieved 19 October 2015.
  13. ↑ "Ashiana Housing Ltd (ASFI:Natl India)". Bloomberg Business. Retrieved 19 October 2015.
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