Ashiana Housing Signs 11 acre JV Deals in Hinjawadi, Pune

Ashiana Housing Signs 11 acre JV Deals in Hinjawadi, Pune

Ashiana Housing and Lohia Jain Group Partner for Premium Mid-Segment Project in Pune. Real estate developer Ashiana Housing has announced a joint venture with Pune-based Lohia Jain Group to develop a new residential project named Ashiana Malhar.

Project Details:

• Location: Hinjawadi region, Pune
• Investment: Over Rs. 300 crore
• Area: Over 11.33 acres
• Units: 990 residential units (including 224 units in the first phase)
• Configurations: 2-bedroom and 3-bedroom apartments
• Size Range: 733 sq. ft to 1,045 sq. ft carpet area
• Project Phases: Four, with completion expected in five years

Target Market:

• Premium mid-segment market
• IT professionals

Key Highlights:

• Ashiana Housing’s first project in Pune
• Strategic location in the heart of Pune’s IT hub
• Apartments designed for work-from-home convenience and larger than typical Pune market offerings

Future Plans:

• Ashiana Housing plans another senior living project in Pune (JV model) by early 2025.
• The company is also exploring projects in Chennai, Bhiwadi, and Delhi-NCR (senior living).

Quotes:

• Ankur Gupta, Ashiana Housing Joint Managing Director: “This is our first project in the city [Pune] targeting IT professionals.”
• Madan Jain, Lohia Jain Group Director: “We expect the project to be a unique offering and represent the values of the two brands.”

Significance:

This joint venture signifies Ashiana Housing’s expansion into the Pune market and its focus on catering to the growing demand for premium mid-segment housing, particularly among IT professionals. The project’s emphasis on larger apartment sizes and work-from-home suitability caters to current market trends.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in