New Launch5 Apr 2025, 05:36 pm
Ashiana Housing Ltd to Acquire 7-Acre Land Parcel in Panvel for Senior Living Project
AI Summary
Ashiana Housing Ltd has entered into an agreement to acquire a 7-acre land parcel in Panvel, Raigad district, Maharashtra. The land is to be used for the development of a Senior Living project with an approximate saleable area potential of 7 lakhs sq. ft. The agreement is with Caroa Properties LLP and is a perpetual lease. The transaction is not a Related Party Transaction and the party is not related to the promoter/promoter group/group companies.
Key Highlights
- Ashiana Housing Ltd to acquire a 7-acre land parcel in Panvel, Maharashtra
- Land to be used for the development of a Senior Living project
- Approximate saleable area potential of 7 lakhs sq. ft
- Agreement with Caroa Properties LLP on perpetual lease basis
- Not a Related Party Transaction