Ashiana Housing to expand retirement housing segment

Ashiana Housing is planning to expand its retirement housing segment in three more cities in next three years on the back of growing demand of housing for senior citizens. The company already has three senior citizen living projects in its portfolio in three cities including Jaipur, Bhiwadi (Delhi NCR) and Lavasa in Pune. Moreover, it is now planning to set up one more in Bhiwadi and one each in Kolkata and Chennai. The company is planning to sell around 25 lakh sqft of area this year and it is expecting to sell nearly 30-35 per cent of the total area in this segment. Ashiana Housing is a fast growing real estate developer with its head office in New Delhi, India. The company has presence in group housing, active senior living, retail, hotels and facilities management.