Ashiana Housing to invest Rs 350 crore to develop housing project in Pune
24th Jun 2022

Ashiana Housing is planning to invest around Rs 350 crore over the next five years to develop a housing project in Pune as part of its expansion plan. The company has tied up with Pune-based Lohia Jain Group, which owns 11.33 acre land in Hinjewadi region. The project 'Ashiana Malhar' will have 990 residential units. The first phase comprises 224 units. The investment will be funded through internal accruals and advances from customers against sales.

Ashiana Housing is a real estate development company. It is engaged in building residential and commercial projects. The firm also offers retirement resorts, group housing, hotels, retail and facility management.