Ashiana Housing Limited, a listed real estate developer on NSE and BSE, has launched premium low-density residential project “Ashiana Aravali” Jaipur, the company said in an exchange filing.
The project, located in Jagatpura area of Jaipur in Rajasthan, will have 50 premium boutique residences to cater to upper-mid and premium homebuyers.
The project comprises 25 spacious residences of 4BHK and 3BHK units each. The 4BHK residences will be available in two sizes, 2641 sqft and 2630 sqft while the 3BHK units will have 2312 sqft size. Every apartment in Ashiana Aravali project will have a separate utility cum storeroom and toilet, in addition to rest all 4 and 3 bedrooms, the company said.
The ticket prices for 4BHK and 3BHK apartments will start from Rs 2.55 crore and Rs 1.75 crore respectively.
The project is being developed by Ashiana Greenwood Developers, a partnership firm of Ashiana Housing, which fully owns the land and development rights. The total investment in the project stands approximately at Rs 33.60 crore and funding will be managed through customer advances under a construction-linked payment plan along with internal capital, the company said.
Tushar Padalkar, Vice President, Ashiana Housing – Jaipur, said that Ashiana Aravali is a premium residential project with stunning views of the majestic Aravali Hills.
“In a rapidly expanding city, this project seamlessly blends nature, design, and exclusivity to create a lifestyle beyond just a home. Ashiana Aravali is an opportunity for families seeking community living, greenery, spacious homes and city connectivity,” he said.
The company said that with the launch of Ashiana Aravali, the realty firm has strengthened its presence in Rajasthan and reaffirmed its focus on high-quality community living, lifestyle-led developments in key Tier-2 urban hubs.
Ashiana Housing was established in 1979 and it has delivered around 23 million sqft so far. The company also has ongoing projects in seven cities including Chennai, Pune, Gurugram, Jaipur, Jodhpur, Jamshedpur and Bhiwadi.
The company is also planning to enter into real estate markets of Bengaluru, Noida-Greater Noida and Panvel.
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