Project Update15 May 2026, 10:57 am
Ashiana Housing Cancels Jaipur Project Lease with MWC
AI Summary
Ashiana Housing Ltd has cancelled its agreement to lease with Mahindra World City (MWC) for a new group housing project in Jaipur, Rajasthan. The agreement, initially made on October 30, 2024, involved acquiring a 20-acre land parcel in MWC's Social Infrastructure Zone. The termination was mutually decided due to non-visibility of required approvals to be obtained by MWC. The initial agreement was reported to stock exchanges on November 6, 2024.
Key Highlights
- Ashiana Housing cancels agreement to lease with Mahindra World City (MWC).
- The agreement was for a 20-acre land parcel in Jaipur for a group housing project.
- Termination due to non-visibility of required approvals by MWC.
- The initial agreement was made on October 30, 2024.