Ashiana Housing announced that it has entered into an agreement with Caroa Properties LLP to acquire a land parcel measuring 7 acres in Panvel, District Raigad, Maharashtra, for the development of a 'senior living' project.
This agreement involves acquiring the land parcel on a perpetual lease basis for the development of the 'senior living' project. The said transaction is not a related party transaction.
Ashiana Housing is engaged in real estate activities with own or leased property. The company's projects include comfort homes, senior living, and kid-centric homes.
The company reported a consolidated net profit of Rs 27.80 crore in Q3 FY24, steeply higher than the Rs 9.05 crore posted in Q3 FY23. Net sales jumped 44.24% year on year (YoY) to Rs 184.12 crore in the quarter ended 31 December 2023.
Shares of Ashiana Housing shed 0.93% to Rs 277.95 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app