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Ashiana Housing Launches Senior Living Project “Ashiana Amodh,” for People Aged 55 and Above 

Pune, July 24, 2023: Ashiana Housing and promoter of Weikfield, have launched a joint venture project, Ashiana Amodh Senior Living, in Pune. Located in Talegaon alongside the Indrani River and spread over 11.93 acres, the project that will be developed in four phases will entail an investment of Rs 275 crore. Delivery of the Phase 1 of the project is scheduled for October 2026, says a press release issued by the company. The project will be funded through internal accruals and construction finance.

The Phase I of the project will include 220 units, with a price range of Rs 57 Lacs to Rs 1.27 crore. Phase I will offer options of 3BHK+2Toilets, 2BHK+2Toilets, and 1BHK+2Toilets with varying useable areas between 637.34 sq ft to 1122.36 sq ft. The development of phase I includes the land cost of Rs 25.11cr, the construction cost of Rs 52.38cr, and other expenditures of Rs 16.36 crore. The total investment in the project would be Rs 275 crore.

“Recognizing the shifting societal norms, the acceptance of senior living is gaining traction, resulting in steady growth within the sector. In this era, we understand that retirees require ample space to spend their time freely and peacefully. Hence, we specifically chose Pune as the location for this project, as the city enjoys a moderate climate throughout the year, which is particularly favorable for seniors who prefer milder weather conditions. Moreover, Pune boasts a well-established healthcare infrastructure, with numerous medical facilities ensuring that seniors have access to top-quality healthcare services and specialized care when needed. Our commitment to creating an exceptional living experience for retirees is reflected in these considerations,” stated Ankur Gupta, Joint Managing Director, Ashiana Housing from Ashiana Housing.