Real estate company Ashiana Housing will invest Rs 275 crore to develop a housing project for the elderly in Pune. The Delhi-based company said in a statement that it has launched a joint venture project, Ashiana Amodh Senior Living at Talegaon in Pune.
The project spread over an area of 11.93 acres, is to be developed in four phases and will entail an investment of Rs 275 crore, it added. The project will be funded through internal accruals and construction financing. Ashiana Housing said the handover of the first phase is scheduled for October 2026.
The company is targeting customers aged 55 and above. In the first phase, 220 units will be developed and sold in a price range of Rs 57 lakh to Rs 1.27 crore.
The development of the first phase includes the land cost of Rs 25.11 crore, construction cost of Rs 52.38 crore, and other expenses of Rs 16.36 crore. The total investment for the project would be Rs 275 crore, according to the company.
Know More about Upcoming Projects
