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>Shkaj at 04:54, 29 September 2021

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{{Advert|date=September 2020}}
{{Infobox company
| name = Ashiana Housing Limited
| logo = Ashianahousing logo.png
| caption =
| type = [[Public company|Public]]
| traded_as = {{BSE|523716}} {{NSE|ASHIANA}}
| fate =
| predecessor =
| successor =
| foundation = 1979
| founder = Om Gupta
| defunct =
| location_city = [[Aashiyana]]
| location_country = [[India]]
| location =
| locations =
| area_served = [[New Delhi]], [[Bhiwadi]], [[Neemrana]], [[Jaipur]], [[Jodhpur]], [[Jamshedpur]], [[Lavasa]], [[Kolkata]], [[Chennai]], [[Gujarat]], [[Chas]], [[Bokaro Steel City]]
| key_people = [[#Management|Mr. Vishal Gupta]] (managing director) [[#Management|Mr. Ankur Gupta]] (joint managing director) [[#Management|Mr. Varun Gupta]] (whole time director)
| industry = [[Real estate]]
| products = [[Apartments]] [[Retirement community]] [[Assisted living]] [[Retail]] [[Hotels]]
| services = [[Facilities management]]
| revenue = {{increase}} [[Indian rupee|INR1]], 1614.18 million ([[Fiscal year|FY]] 2012–13)
| operating_income =
| net_income = {{increase}} INR 331.47 million (FY 2012–13)
| aum =
| assets = {{increase}} INR 574.06 million (FY 2012–13)<ref>{{cite web|title=Ashianahousing|url=https://www.ashianahousing.com/admine/financials/annual_reports/2012-2013_Annual_Report.pdf|publisher=Ashiana|access-date=14 March 2014|archive-url=https://web.archive.org/web/20140314085856/https://www.ashianahousing.com/admine/financials/annual_reports/2012-2013_Annual_Report.pdf|archive-date=14 March 2014|url-status=dead}}</ref>
| equity =
| owner =
| num_employees =
| parent =
| divisions =
| subsid = Ashiana Maintenance Services, Latest Developers Advisory Limited, Topwell Projects Consultants Limited
| homepage = https://www.ashianahousing.com
| footnotes =
| intl =
}}

'''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).<ref>{{cite news|title=O.P. Gupta, Chairman, Ashiana Housing|url=http://www.mindyourbusiness.in/articles/1002542/op-gupta-chairman-ashiana-housing|access-date=19 October 2015|publisher=Ming your Business}}</ref> Ashiana Housing is a mid-income housing developer with primary focus on Kid Centric Homes, Senior Living, Care Homes (i.e. assisted living) and also comfort homes. 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==
Ashiana Housing Ltd.<ref>{{cite news|title=Can Ashiana Housing replicate its success outside North India |url=http://forbesindia.com/article/work-in-progress/can-ashiana-housing-replicate-its-success-outside-north-india/39711/1|access-date=19 October 2015|work=Forbes India Magazine|date=3 March 2015}}</ref> 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.<ref>{{Cite news|url=https://www.livemint.com/Money/dvN4ue8SccGtAB0vRXLthI/Whats-the-real-cost-of-retirement-homes.html|title=Money|last=Vishwanathan|first=Vivina|date=2013-08-27|work=livemint.com/|access-date=2018-11-14}}</ref>

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|date=December 2018}}

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|date=December 2018}}
* 15 future projects comprising 13 residential developments and 2 commercial developments, aggregating approximately 8.40 million square feet of saleable area{{Citation needed|date=December 2018}}

==Sponsorships and Joint Ventures==

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.<ref>{{cite news|title=Ashiana Housing Q4 net up by 57 per cent at Rs 26.65 crore|url=http://articles.economictimes.indiatimes.com/2012-06-03/news/32006538_1_net-profit-total-income-manglam-group|access-date=19 October 2015|publisher=Economic Times|date=3 Jun 2012}}</ref><ref>{{cite web|title=Ashiana & Mangalam Group launch new residential project in Jaipur|url=http://www.projectstoday.com/News/Ashiana--Mangalam-Group-launch-new-residential-project-in-Jaipur|website=Projects Today|access-date=19 October 2015}}</ref>

Ashiana Housing raised Rs 200 crore from Goldman Sachs and [[Creador]] by way of Qualified Institutional Placement of its equity shares in February 2015.<ref>{{cite news|title=Ashiana Housing raises Rs 200 cr via QIP|url=http://www.business-standard.com/article/pti-stories/ashiana-housing-raises-rs-200-cr-via-qip-115021001055_1.html|access-date=19 October 2015|publisher=Business Standard|date=10 February 2015}}</ref><ref>{{cite news|title=Creador invests $16.2m in Indian housing developer Ashiana|url=https://www.altassets.net/private-equity-news/by-news-type/deal-news/creador-invests-16-2m-in-indian-housing-developer-ashiana.html|access-date=19 October 2015|publisher=AltAssets|date=11 Feb 2015}}</ref>

In June 2015, Ashiana joined Escapade Real Estate, a part of Arihant Foundations, to launch a housing project called “Ashiana Shubham”<ref>{{cite web|title=Project Ashiana Shubham in Chennai by Ashiana|url=http://property.sulekha.com/ashiana-shubham-in-maraimalai-nagar-chennai}}</ref> for senior living and normal housing, in Chennai.<ref>{{cite news|title=Ashiana Housing, Escapade Real Estate to offer retirement home in Chennai|url=http://www.business-standard.com/article/companies/ashiana-housing-escapade-real-estate-to-offer-retirement-home-in-chennai-115061300441_1.html|access-date=19 October 2015|publisher=Business Standard|date=14 June 2015}}</ref>

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.<ref>{{cite news|title=Ashiana Housing enters into development agreement|url=http://www.sharekhan.com/stock-market/news/Ashiana-Housing-enters-into-devlopment-a/2E5A156F-12BB-415B-AD60-945924E0CFD0/AllNews/163/News.htm|access-date=19 October 2015|agency=ShareKhan|publisher=Sharekhan|date=14 July 2015}}</ref>

==Financial Summary==

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).<ref>{{cite web|title=Ashiana Housing Ltd (ASFI:Natl India)|url=https://www.bloomberg.com/research/stocks/financials/financials.asp?ticker=ASFI:IN|website=Bloomberg Business|access-date=19 October 2015}}</ref>

==Company Leadership ==

'''Vishal Gupta''' – Managing Director, looks after the general management of company affairs including finance, engineering and architecture, and project execution.<ref>{{cite web|title=Vishal Gupta, Managing Director, Ashiana Housing Limited|url=https://www.ashianahousing.com/about-us/meet-the-team#3.html|website=Ashiana Website}}</ref>

'''Ankur Gupta''' – Joint Managing Director, leads the marketing, HR and IT functions of the company

'''Varun Gupta''' – Director, leads the land and finance division of the company

==Corporate Social Responsibility==
'''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.<ref>{{cite web|title=FICCI – Corporate social Responsibility Awards|url=http://www.ficci.com/spdocument/20387/book-csr.pdf|website=FICCI|publisher=Federation of Indian Chambers of Commerce and Industry|access-date=19 October 2015}}</ref>

'''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.

'''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.<ref>{{cite web|title=CSR Activities|url=https://www.ashianahousing.com/corporate/about-csr-activities.php|website=Ashiana Housing|access-date=19 October 2015|archive-url=https://web.archive.org/web/20150316092620/https://www.ashianahousing.com/corporate/about-csr-activities.php|archive-date=16 March 2015|url-status=dead}}</ref>

'''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==
{| class="wikitable"
|-
! Date !! Award !! Awarded By
|-
|2019
|Ashiana Anmol awarded as "Themed Project of the Year"
|11th Realty+ Excellence Awards (North)
|-
|2019
|Received Bhamashah award for Contribution made in the field of Education
|Govt. of Rajasthan
|-
| 2019|| North India's No. 1 Caring Brand <ref>{{cite news|title=No.1 Caring Brand|publisher=Business Standard|agency=Business Standard|url=https://www.business-standard.com/article/news-ani/ashiana-housing-adjudged-as-top-developers-in-north-india-119031300341_1.html|access-date=13 March 2019}}</ref>|| Track2Realty
|-
| 2018|| ashianahousing.com awarded as "Real-Estate Website of the Year" || 10th Realty+ Excellence Awards (North)
|-
| 2018|| Ashiana Umang awarded as "Themed Project of the Year" || 10th Realty+ Excellence Awards (North)
|-
| 2017|| NDTV best budget housing – Dwarka, Jodhpur<ref>{{cite news|title=Property Awards Winners 2016|url=http://properties.awards.ndtv.com/winners-2016/|access-date=21 April 2017|agency=NDTV|publisher=NDTV}}</ref> || [[NDTV Profit]]
|-
| 2017|| CIDC Vishwakarma Achievement Award for Construction Skill Development<ref>{{cite web|title=9th CIDC Vishwakarma Awards 2017|url=http://www.cidc.in/new/support/9thVishwakarma/Awardees_List-9th_VKA_2017.pdf|website=CIDC|publisher=CIDC|access-date=21 April 2017|archive-url=https://web.archive.org/web/20170329100818/http://www.cidc.in/new/support/9thVishwakarma/Awardees_List-9th_VKA_2017.pdf|archive-date=29 March 2017|url-status=dead}}</ref> || CIDC Vishwakarma Awards
|-
| 2015|| Best Budget Apartment Project of the Year<ref>{{cite news|title=Intimation about felicitation of Rangoli Gardens as "Best Budget Apartment Project of the Year" by NDTV|url=http://www.thehindubusinessline.com/companies/announcements/others/intimation-about-felicitation-of-rangoli-gardens-as-best-budget-apartment-project-of-the-year-by-ndtv/article7024513.ece|access-date=20 October 2015|publisher=The Hindu BusinessLine|date=23 March 2015}}</ref> || [[NDTV Profit]]
|-
| 2015|| Bhamashah Award (thrice in a row) for Contribution to the Field of Education in Rajasthan <ref>{{cite news|title=Ashiana Housing wins 'Bhamashah award'|url=http://www.finalaya.com/News/Ashiana-Housing-wins-Bhamashah-award-N403030.aspx|access-date=20 October 2015|publisher=Finalaya News|date=30 June 2015|archive-url=https://web.archive.org/web/20160304065010/http://www.finalaya.com/News/Ashiana-Housing-wins-Bhamashah-award-N403030.aspx|archive-date=4 March 2016|url-status=dead}}</ref> || [[Government of Rajasthan]]
|-
| 2015|| The Most Promising Company of The Next Decade <ref>{{cite news|title=CNBC Awaaz felicitates Ashiana Housing with "The Most Promising Company of the next Decade" at its Act for Good Governance Summit|url=http://firstreport.in/cnbc-awaaz-felicitates-ashiana-housing-with-the-most-promising-company-of-the-next-decade-at-its-act-for-good-governance-summit/|access-date=20 October 2015|publisher=First Report|date=27 January 2015}}</ref> || [[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 <ref>{{cite news|title=Ashiana Housing – CNBC Awaaz awards Ashiana Aangan, Bhiwadi the Best Affordable Housing in NCR and India|url=http://www.moneycontrol.com/stocks/reports/ashiana-housing-cnbc-awaaz-awards-ashiana-aangan-bhiwadibest-affordable-housingncrindia-627140.html|access-date=20 October 2015|publisher=Money Control}}</ref>|| [[CNBC Awaaz|CNBC Awaaz's]] Real estate Awards
|-
| 2012|| India's Best Theme Based Township for Ashiana Utsav, Bhiwadi <ref>{{cite news|title=Ashiana Housing – CREDAI India awards Ashiana Utsav, Bhiwadi the Best Theme Based Township (Non-Metro)|url=http://www.moneycontrol.com/stocks/reports/ashiana-housing-credai-india-awards-ashiana-utsav-bhiwadibest-theme-based-township-nonmetro-589807.html|access-date=20 October 2015|publisher=Money Control}}</ref>|| Credai Real Estate Awards
|-
| 2011|| Asia's 200 Best Under A Billion <ref>{{cite news|title=Asia's 200 Best Under A Billion|url=https://www.forbes.com/lists/2011/24/best-under-a-billion-11_rank.html|access-date=20 October 2015|work=Forbes}}</ref>|| [[Forbes]]
|-
| 2011|| Best Residential Project - North to Ashiana Aangan <ref name="esselgroup_4914">{{cite web|title=Winners of Zee Business – RICS Real Estate Awards|url=http://www.esselgroup.com/zee-business-and-rics-announces-the-winners-of-zee-business-rics-real-estate-awards4914.html|website=Essel Group|access-date=20 October 2015}}</ref>|| [[Zee Business|ZEE Business - RICS]]
|-
| 2011|| Best residential project - East to Ashiana Woodlands <ref name="esselgroup_4914"/>|| [[Zee Business|ZEE Business - RICS]]
|-
| 2010|| Asia's 200 Best Under A Billion <ref>{{cite news|title=Asia's 200 Best Under A Billion|url=https://www.forbes.com/lists/2010/24/best-under-a-billion-11_rank.html|access-date=20 October 2015|work=Forbes}}</ref>|| [[Forbes]]
|-
| 2010|| BMA-Siegwerk Award for Corporate Social Responsibility|| [[Bhiwadi]] Manufacturers Association
|}

==References==
{{Reflist}}

==External links==
* {{Official website|https://www.ashianahousing.com/}}

[[Category:Real estate companies of India]]
[[Category:Real estate companies established in 1979]]
[[Category:Companies based in New Delhi]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Ashiana Housing - Revision history

UpdateBot: robot: Update article (please report if you notice any mistake or error in this edit)

>Shkaj at 04:54, 29 September 2021