Ashiana Housing enters Gujarat Real Estate market
Delhi Based Ashiana Housing Ltd has entered into the Gujarat real estate market. It is through a revenue share agreement for 10.65 acres of land located in Halol near Vadodara in Gujarat.
Ashiana Group will be utilizing this 10.65 acres land parcel in Halol to develop a residential group housing project. The land is currently in the process of receiving the ‘Non-Agricultural’ clearances for getting Group Housing project. Company plans to receive the requisite clearances in next six months and start the development thereafter.
Commenting on Ashiana’s entry in Gujarat, Varun Gupta, director, Ashiana Housing Ltd., said, “It’s a matter of delight for us to announce our entry in Gujarat real estate market. Delhi – Mumbai Industrial Corridor is an upcoming industrial hub with speedy macroeconomic growth and Gujarat is one such area which has been with the best infrastructure of the country.
“Over the past few years, rapid industrialization, growth of manufacturing sector and creation of a better social infrastructure has made Gujarat the most attractive destination for real estate,” he added. Halol is well connected to key industrial centers such as Ahmadabad, Bharuch and Surat, along NH8.