Ashiana Housing launches a premium residential project for senior citizens in Chennai
Ashiana Housing has announced the launch of Ashiana Vatsalya, an exclusive premium residential project for senior citizens in Chennai. Spanning across a sprawling 17.9 acres of prime land, Ashiana Vatsalya is designed to create a premium senior living community which redefines the retirement living.
The project is located inside Mahindra World City featuring 6.3 acres of landscape area along with 41,900 sq ft of clubhouse with dining, gym, swimming pool facilities. A total of 258 units are available in the first phase.
With a total project cost of Rs 400 crore, this venture reflects the company’s commitment to delivering unparalleled living experiences to its esteemed customers.
The land for Ashiana Vatsalya is held under perpetual lease. The entire project will be constructed in 8 years and will be delivered in 5 phases, each to be completed in approximately 2 to 2.5 years.
Also Read: Fixed Deposit: Highest FD rates of private banks for shortest tenures
“We are excited to embark on this journey with Ashiana Vatsalya, a testament to our dedication to excellence in creating a premium residential hub exclusively for senior citizens,” said Ankur Gupta, Joint Managing Director, Ashiana Housing.
“With this project, we aim to raise the bar and set new benchmarks in the retirement living. The investment for Ashiana Vatsalya is primarily funded through internal resources, supplemented by a loan of 8-10%,” he added.
Targeted towards end-users seeking a premium lifestyle, Ashiana Vatsalya boasts several unique selling propositions that set it apart from other offerings in the market. Notably, 66% of the flats will be open on three sides, providing ample ventilation and natural light. Additionally, 55% of the flats will offer
Read more on financialexpress.com
