Ashiana Housing Limited — Important, 05-04-2025: General Updates

Ashiana Housing has announced a board meeting to discuss acquiring a 7-acre land parcel in Panvel, Maharashtra, for a 'Senior Living' project with a potential saleable area of approximately 7 lakh sq. ft. The agreement is structured as a perpetual lease with Caroa Properties LLP, and it does not involve any special rights or relate to any related party transactions. This strategic move may enhance the company’s project portfolio and cater to the growing demand for senior living spaces, potentially creating positive sentiment among investors looking for growth opportunities.