Ashiana Housing Announces ₹425 Cr Outlay for FY25–26

New Delhi, August 5, 2025: Ashiana Housing Limited is contemplating a total outlay of INR 425 crore towards senior living during FY2025–26.

The outlay includes payout to landowners, construction and execution costs and other project-related expenses. A significant portion of this outlay will be incurred towards expanding our senior living portfolio. As part of this plan, the company plans to enter the Mumbai, Bangalore and Delhi-NCR markets.

In FY2024–25, the outlay incurred by the company was INR 213 crore towards senior living and it also recorded a booking value of INR 382 crore. This year, the company plans to launch five new phases in existing senior living projects (around 5.71 lakh square feet of saleable area). The company constructed about 5.38 lakh square feet in this segment last year.

Ashiana recorded a booking value of INR 382 crore in senior living in FY2024–25 and targets around INR 450 crore this year. The segment now accounts for over 30 per cent of the company’s residential portfolio.

The company has nine ongoing projects—three in Bhiwadi (NCR), three in Chennai and one each in Jaipur, Pune and Lavasa (Pune). It is now planning to expand its footprint into Bengaluru and Mumbai.

According to the JLL-ASLI Report, India’s senior population is projected to grow from 156.7 million in 2024 to over 346 million by 2050. The demand for structured senior living communities, driven by longer life expectancy, financial independence and changing family structures, is translating into significant market opportunity.

Per Colliers India, the Indian senior living sector, valued at $2–$3 billion, is expected to grow to $7.7 billion by 2030.

Ankur Gupta, Joint MD, Ashiana Housing, said, “Senior living is more than a business segment for us; it is a long-term commitment rooted in demographic need and social relevance. The increased investment and our entry into Mumbai, Bengaluru and other cities reflect our conviction in the segment and our ability to deliver integrated housing solutions with ongoing support and community engagement.”

The company also acknowledges structural challenges in the sector, including slow conversion cycles and consumer confusion between senior living and old-age homes. Additionally, post-possession service delivery is increasingly complex given rising lifestyle and healthcare expectations. Ashiana addresses these through transparent communication, in-house operational management and emphasis on service continuity.

Supportive policies in states such as Maharashtra and Haryana have been instrumental in enabling senior living infrastructure. Regulatory measures, such as higher FSI in green zones and allowances in restricted sectors, are helping unlock land potential for this specialised segment.