News
Ashiana Launches Senior Citizens’ Premium Housing, Ashiana Vatsalya in Chennai
Delhi, 27 February 2024: Real estate developer, Ashiana, announced launch of Ashiana Vatsalya, a premium residential project for senior citizens in Chennai. Spanning across a 17.9 acres of prime land, Ashiana Vatsalya is designed to create a premium senior living community which redefines the retirement living, mentions a press release issued by the company.
The project is located inside Mahindra World City featuring 6.3 acres of landscape area along with 41,900 sq ft of clubhouse with dining, gym, swimming pool facilities. A total of 258 units are available in the first phase.
With a total project cost of Rs 400 Crores, this venture reflects the company’s commitment to delivering unparalleled living experiences to its esteemed customers.
The land for Ashiana Vatsalya is held under perpetual lease. The entire project will be constructed in 8 years and will be delivered in 5 phases, each to be completed in approximately 2 to 2.5 years.
“We are excited to embark on this journey with Ashiana Vatsalya, a testament to our dedication to excellence in creating a premium residential hub exclusively for senior citizens,” said Ankur Gupta, Joint Managing Director, Ashiana Housing.
“With this project, we aim to raise the bar and set new benchmarks in the retirement living. The investment for Ashiana Vatsalya is primarily funded through internal resources, supplemented by a loan of 8-10%,” added Gupta.
Ashiana Vatsalya is Ashiana Housing’s eighth senior housing project in the country and its second senior housing project in Chennai.
-
News3 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News4 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News4 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News3 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News4 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances
-
News2 weeks ago
SKA Forays In Luxury Housing: Launches SKA Destiny One in Greater Noida, To Invest Rs 592 Crores
-
News4 weeks ago
Ashiana Housing Sells Rs 440 cr Worth 224 Flats at its Project Amarah in Gurugram