Ashiana Housing

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Ashiana Housing Limited
Public
IndustryReal Estate
GenreBSE523716
NSEASHIANA
Founded1979
FounderOm Gupta
Headquarters,
Area served
New Delhi, Bhiwadi, Neemrana, Jaipur, Jodhpur, Jamshedpur, Lavasa, Kolkata, Chennai, Gujarat
Key people
Mr. Vishal Gupta(Managing Director)
Mr. Ankur Gupta (Jt. Managing Director)
Mr. Varun Gupta(Whole Time Director)
ProductsApartments
Retirement community
Assisted living
Retail
Hotels
ServicesFacilities management
RevenueIncrease INR1, 1614.18 million (FY 2012-13)
Increase INR 331.47 million (FY 2012-13)
Total assetsIncrease INR 574.06 million (FY 2012-13)[1]
SubsidiariesAshiana Maintenance Services, Latest Developers Advisory Limited, Topwell Projects Consultants Limited
Websitehttps://www.ashianahousing.com

Ashiana Housing Ltd. (AHL) is an Indian real estate development company established in 1979 with its head office in New Delhi, India. It is a real estate company to be recognized by Forbes as Asia's 200 Best Under A Billion (2010 and 2011).[2] Ashiana Housing is a mid-income housing developer with primary focus on Senior Living and Care Homes (i.e. assisted living) for the elderly. In recent times, the company has expanded its reach from group housing to facility management, retail and hotels, as well as maintenance and resale of property after possession.

History[edit]

Ashiana Housing Ltd.[3] is involved in middle to upper-middle income residential housing projects in satellite cities and towns in India– around industrial hubs – predominantly along the Delhi-Mumbai industrial corridor being promoted by the Government of India. Its residential real estate development projects range from apartments to group housing projects. In addition, it also develops limited retail and commercial properties, including hotels as well as retirement homes for senior citizens.[4]

The company was incorporated on June 25, 1986 under the Companies Act, 1956, as Ashiana Housing & Finance (India) Limited. Subsequently, the name of the company was changed to its present name in the year 2007.[citation needed]

As of December 31, 2014, the company completed 24 residential developments and 6 commercial developments, aggregating 10.74 million square feet of saleable area. Its ongoing projects include:

  • 13 projects comprising 11 residential developments and 2 commercial developments, aggregating approximately 6.38 million square feet of saleable area[citation needed]
  • 15 future projects comprising 13 residential developments and 2 commercial developments, aggregating approximately 8.40 million square feet of saleable area[citation needed]

Sponsorships and Joint Ventures[edit]

On 4 January 2010, Ashiana announced a joint venture with the Mangalam group in Jaipur for the development of 31 acres of land. The Ashiana Mangalam partnership built several projects in Jaipur.[5][6]

Ashiana Housing raised Rs 200 crore from Goldman Sachs and Creador by way of Qualified Institutional Placement of its equity shares in February 2015.[7][8]

In June 2015, Ashiana joined Escapade Real Estate, a part of Arihant Foundations, to launch a housing project called “Ashiana Shubham”[9] for senior living and normal housing in Chennai.[10]

In July 2015, Ashiana signed a partnership deal with Shriram Properties to develop a housing project in Kolkata. Through this partnership with Bengal Shriram Hi Tech City Pvt. Ltd. (a group company of Shriram Properties Ltd.), the company will develop senior living as well as regular housing on 19.72 acres of land.[11]

Financial Summary[edit]

During the fiscal year 2014-15, Ashiana's net profit doubled to Rs 46.49 crore from Rs 21.86 crore (previous fiscal year). Income from operations increased to Rs 142.70 crore from Rs 110.65 crore. The company claims to have raised Rs 200 crore in 2015 from investors through Qualified Institutional Placement. In the fiscal year 2012-13, the company posted a profit after tax of Rs. 33.2 crore. The company reported a 61% increase in revenues (sales & other income) in 2011-12 over the previous financial year (2010–11).[12]

Company Leadership[edit]

Vishal Gupta - Managing Director, looks after the general management of company affairs including finance, engineering and architecture, and project execution.[13]

Corporate Social Responsibility[edit]

Ashiana Training Institute: Aside from providing employment to thousands of unskilled and semi-skilled workers and migrant laborers at its construction sites, the company provides skill training (plumbing, electrical and masonry) to help laborers earn better wages.[14]

Phoolwari: Ashiana Housing started a day-care initiative for the children of laborers working at construction sites named Ashiana Phoolwari, focusing on child hygiene, health, well-being and education.[15]

Women Empowerment: The company provides skill training programs for women laborers to help them earn equal wages (to men) and improve their job prospects. It also sponsors a monthly Panchayati Raj Training Programme for elected women representatives in partnership with Kiran Bedi's Navjyoti Foundation.[16]

Environmental Efforts: As part of its corporate social responsibility towards the environment, the company follows best practices for solid waste management, optimal use of natural resources and extensive planting of trees on all Ashiana properties.

Awards and recognition[edit]

Date Award Awarded By
2017 NDTV best budget housing – Dwarka, Jodhpur[17] NDTV Profit
2017 CIDC Vishwakarma Achievement Award for Construction Skill Development[18] CIDC Vishwakarma Awards
2015 Best Budget Apartment Project of the Year[19] NDTV Profit
2015 Bhamashah Award (thrice in a row) for Contribution to the Field of Education in Rajasthan [20] Government of Rajasthan
2015 The Most Promising Company of The Next Decade [21] CNBC Awaaz during The Good Governance Summit
2014 Realty Giant of North India M/s Think Media Inc.'s
2012 Best Affordable Housing award for Ashiana Aangan, Bhiwadi and Ashiana Woodland, Jamshedpur [22] CNBC Awaaz's Real estate Awards
2012 India's Best Theme Based Township for Ashiana Utsav, Bhiwadi [23] Credai Real Estate Awards
2011 Asia's 200 Best Under A Billion [24] Forbes
2011 Best Residential Project - North to Ashiana Aangan [25] ZEE Business - RICS
2011 Best residential project - East to Ashiana Woodlands [26] ZEE Business - RICS
2010 Asia's 200 Best Under A Billion [27] Forbes
2010 BMA-Siegwerk Award for Corporate Social Responsibility Bhiwadi Manufacturers Association

References[edit]

  1. ^ "Ashianahousing" (PDF). Ashiana. Retrieved 14 March 2014.
  2. ^ "O.P. Gupta, Chairman, Ashiana Housing". Ming your Business. Retrieved 19 October 2015.
  3. ^ "Can Ashiana Housing replicate its success outside North India". Forbes India Magazine. Forbes. 3 March 2015. Retrieved 19 October 2015.
  4. ^ Vishwanathan, Vivina (2013-08-27). "Money". livemint.com/. Retrieved 2018-11-14.
  5. ^ "Ashiana Housing Q4 net up by 57 per cent at Rs 26.65 crore". Economic Times. 3 Jun 2012. Retrieved 19 October 2015.
  6. ^ "Ashiana & Mangalam Group launch new residential project in Jaipur". Projects Today. Retrieved 19 October 2015.
  7. ^ "Ashiana Housing raises Rs 200 cr via QIP". Business Standard. 10 February 2015. Retrieved 19 October 2015.
  8. ^ "Creador invests $16.2m in Indian housing developer Ashiana". AltAssets. 11 Feb 2015. Retrieved 19 October 2015.
  9. ^ "Project Ashiana Shubham in Chennai by Ashiana".
  10. ^ "Ashiana Housing, Escapade Real Estate to offer retirement home in Chennai". Business Standard. 14 June 2015. Retrieved 19 October 2015.
  11. ^ "Ashiana Housing enters into development agreement". Sharekhan. ShareKhan. 14 July 2015. Retrieved 19 October 2015.
  12. ^ "Ashiana Housing Ltd (ASFI:Natl India)". Bloomberg Business. Retrieved 19 October 2015.
  13. ^ "Vishal Gupta, Managing Director, Ashiana Housing Limited". India Info Online. Retrieved 19 October 2015.
  14. ^ "FICCI - Corporate social Responsibility Awards" (PDF). FICCI. Federation of Indian Chambers of Commerce and Industry. Retrieved 19 October 2015.
  15. ^ "Ashiana Housing Ltd Conferred with FICCI CSR Award". Business Wire India. 27 July 2015. Retrieved 19 October 2015.
  16. ^ "CSR Activities". Ashiana Housing. Retrieved 19 October 2015.
  17. ^ "Property Awards Winners 2016". NDTV. NDTV. Retrieved 21 April 2017.
  18. ^ "9th CIDC Vishwakarma Awards 2017" (PDF). CIDC. CIDC. Retrieved 21 April 2017.
  19. ^ "Intimation about felicitation of Rangoli Gardens as "Best Budget Apartment Project of the Year" by NDTV". The Hindu BusinessLine. 23 March 2015. Retrieved 20 October 2015.
  20. ^ "Ashiana Housing wins 'Bhamashah award'". Finalaya News. 30 June 2015. Retrieved 20 October 2015.
  21. ^ "CNBC Awaaz felicitates Ashiana Housing with "The Most Promising Company of the next Decade" at its Act for Good Governance Summit". First Report. 27 January 2015. Retrieved 20 October 2015.
  22. ^ "Ashiana Housing - CNBC Awaaz awards Ashiana Aangan, Bhiwadi the Best Affordable Housing in NCR and India". Money Control. Retrieved 20 October 2015.
  23. ^ "Ashiana Housing - CREDAI India awards Ashiana Utsav, Bhiwadi the Best Theme Based Township (Non-Metro)". Money Control. Retrieved 20 October 2015.
  24. ^ "Asia's 200 Best Under A Billion". Forbes. Retrieved 20 October 2015.
  25. ^ "Winners of Zee Business – RICS Real Estate Awards". Essel Group. Retrieved 20 October 2015.
  26. ^ "Winners of Zee Business – RICS Real Estate Awards". Essel Group. Retrieved 20 October 2015.
  27. ^ "Asia's 200 Best Under A Billion". Forbes. Retrieved 20 October 2015.

External links[edit]