Ashiana joins hands with Arihant for senior housing project in Chennai

Ashiana Housing Limited has joined hands with Chennai real estate company Arihant Foundation to develop Ashiana Shubham, a 20-acre senior housing project, in Chennai. An agreement to this effect was signed by Escapade Real Estate Pvt Ltd, an Arihant Group company, and Ashiana Housing Ltd.

According to a press release, Ashiana has completed three projects at Bhiwadi, Jaipur and Lavasa where more than 1,400 residents are enjoying their retired life and it also has another senior living project under construction at Bhiwadi. AshianaShubham at Maraimalai Nagar, off GST Road in Chennai, is the company’s fifth senior living project.

Addressing a joint press meet in Chennai, Ankur Gupta, JMD of, Ashiana Housing Ltd. said, “At Ashiana Senior Living, we might not prevent ageing, but we definitely help in transforming the way our residents age. We do so by offering a lifestyle that is active, healthy, carefree, dignified and independent; which mitigates the impact of ageing. With the launch of AshianaShubham with the Arihant, we wish to continue on our pioneering pathway for the nation’s senior-citizen community.”

Bharat Jain, Director, Arihant Foundations & Housing Ltd, said, “We are glad to be stepping into this jointventure with the Ashiana Housing. With the Ashiana Shubham project, we would further expand our work portfolio in a genre, which will be of crucial growth potential in the real estate industry, considering the swell in our senior population in the coming decade.”