Ashiana Housing Ltd. (AHL) is an Indian real estate development company established in 1986 and headquartered in New Delhi, India. The firm has been recognized by Forbes as Asia's 200 Best Under A Billion in 2010 and 2011. For over 44 years, Ashiana has built and delivered more than 220 Lac sq. ft. of residential and commercial space across various key cities in India.
Ashiana Housing Ltd. focuses on middle to upper-middle income residential housing projects in satellite cities and towns, often situated around industrial hubs, particularly along the Delhi-Mumbai industrial corridor. Its residential real estate development projects include a range of apartments and group housing projects. Additionally, it develops limited retail and commercial properties, including hotels and retirement homes for senior citizens.
The company's business model is distinctive for its focus on specialized housing segments. Ashiana's core strategy involves acquiring land, developing residential buildings, and selling them, with a target inventory liquidation within a 5-7 year timeframe. Management aims for projects with gross margins exceeding 30%. The key areas of concentration for Ashiana Housing, a developer focused on the middle-class segment, are child-centric homes, senior living, care homes (assisted living), and comfortable homes.
Ashiana Housing offers a comprehensive range of senior living and retirement homes in India, designed to provide a secure and comfortable environment for individuals enjoying their golden years. Ashiana Senior Living features 24x7 emergency care, an in-house ambulance, and doctors on call. Nurses and medical care assistance are available within projects for immediate medical emergencies. Furthermore, all apartments are equipped with individual Emergency Response Systems (ERS). With over 18 years of experience in Senior Living projects, Ashiana ensures that all basic, immediate, and emergency medical assistance is readily available to its elder residents.
Promoted as "A Truly Behtar Parvarish Ka Pata," these projects offer guidance and facilities to help children reach their full potential. Ashiana's gated communities are equipped with amenities that support the holistic development of children during their formative years, creating opportunities and platforms for them to nurture and explore their inherent talents.
The company's premium home projects include notable developments such as Ashiana Tarang, Vrinda Garden, Ashiana Amantran, Ashiana Ekansh, Ashiana Sehar, Ashiana Prakriti, Ashiana Dwarka, and Ashiana Malhar. Popular brands associated with these projects include Ashiana Utsav, Ashiana Anmol, Ashiana Greens, Ashiana Regency, Ashiana Tarang, Ashiana Grand, Ashiana Prime, and Ashiana Elite.
The Company has established a significant presence across several Indian states, including Rajasthan, Jharkhand, Maharashtra, Haryana, West Bengal, Gujarat, and Tamil Nadu. Ashiana Housing has a strong foothold in key cities such as Jaipur, Bhiwadi, Gurugram, Jodhpur, Jamshedpur, Chennai, Kolkata, and Pune.
As of July 07, 2025, 12:25 PM, the market capitalization of Ashiana Housing Ltd. stood at ₹3,407.80 Cr. Over the last 3 years, Ashiana Housing Ltd. share price has seen an upward movement of 110.31% on the BSE. The 52-week high for Ashiana Housing Ltd. share price is ₹425.00, while the 52-week low is ₹247.80.
For the quarter ended December 2024 (consolidated basis):
- Ashiana Housing Ltd. reported a profit of ₹10.89 crore on a total income of ₹139.93 crore.
- Sales declined by 30.26% to ₹115.03 crore in the quarter ended December 2024, compared to ₹164.93 crore in the corresponding quarter of the previous year (December 2023).
For the full fiscal year 2024:
- The company posted a profit of ₹83.40 crore on a total income of ₹943.80 crore.
- Sales bookings for the last fiscal year rose by 7.7% to ₹1,936.75 crore, marking the highest-ever annual sales achieved by the company.
- The company exhibits an outstanding annual revenue growth of 127%.
- A healthy pre-tax margin of 11% is observed.
- The Return on Equity (ROE) stands at a good 10%.
- Ashiana Housing maintains a reasonable debt-to-equity ratio of 17%, indicating a healthy balance sheet.
- Promoter holding in Ashiana Housing Ltd. has remained consistent at 61.11% as of March 2025.
Ashiana Housing experienced a significant surge of 6.50% in its stock price following the announcement of a 2.6 times increase in the sale value of area booked to ₹454.31 crore in Q3 FY25, up from ₹173.88 crore in Q3 FY24. During the quarter, Ashiana Housing launched Ashiana Nitara Phases 2 and 3, selling 295 units with a total booked area of 3.97 lakh square feet, valued at ₹174.35 crore. It also launched Phase 5 of Ashiana Amarah, selling 59 units covering 1.05 lakh square feet, with a total sales value of ₹158.96 crore.
Ashiana Housing has entered into an agreement to acquire a 7-acre land parcel in Panvel, Maharashtra, for the development of a senior living project with substantial saleable area potential. In 2023, the Company launched its 10th residential project, `Ashiana Ekansh` in Jaipur, and subsequently launched 5 new projects across Pune, Gurugram, Jaipur, Bhiwadi, and Jamshedpur. Notable recent launches include Ashiana Amarah Ph-2 and Ph-3 in Gurugram (Haryana); Ashiana Amodh in Talegaon (Pune); Ashiana Prakriti Ph-2 in Jamshedpur; Ashiana Shubham Ph-5 in Chennai (Tamil Nadu); and Ashiana Nitara in Jaipur (Rajasthan).
Ashiana Housing has set April 11, 2025, as the record date for its interim dividend of Re 1 per equity share of Rs 2 for FY 2024-25. The dividend is scheduled to be paid on or before April 28, 2025. In the quarter ending December 2024, Ashiana Housing Ltd. declared a dividend of ₹1, translating to a dividend yield of 0.84%.
Ankur Gupta serves as the Joint Managing Director of the company. Mr. Ankur Gupta holds a Bachelor in Business Administration from Fairleigh Dickinson University (USA) and an MS in Real Estate from New York University (USA). His research work at university focused on residential projects for senior citizens.
The company has been recognized as one of Asia's 200 Best Under A Billion by Forbes in 2010 and 2011. Ashiana Housing has built a strong reputation for quality construction, timely delivery, and innovative housing solutions across its specialized market segments.
Ashiana Housing continues to solidify its position as a leading real estate developer in India, with a strategic focus on niche segments like senior living and kid-centric homes, while consistently upholding its commitment to quality construction and customer satisfaction across its diverse portfolio of residential projects.
