Ashiana Housing enters Chennai market

Ashiana Housing has entered the Chennai market by signing a development agreement on a revenue sharing basis with Escapade Real Estate (P) Ltd, a group company of Arihant Foundations & Housing Ltd. The company will develop a senior living project as well as regular group housing project on 20 acres with saleable area of about 9.70 lakh sq ft. The proposed project is coming up at Sengundaram village, Maraimalai Nagar, Chennai. The stock of Ashiana Housing closed at ₹209 on the NSE, down 0.88 per cent.