Ashiana Housing’s sales bookings jump 2-fold to 1,313 cr in FY23 on higher volumes, better price realisation

June 25, 2023

Realty firm Ashiana Housing has clocked a more than two-fold jump in its sales bookings to ₹1,313.43 crore in the last fiscal on strong housing demand.

Sales bookings of Delhi-based Ashiana Housing, which specialises in senior living, stood at ₹573.25 crore in the 2021-22 fiscal.

According to an investor’s presentation, sales bookings in volume terms rose 75 per cent to 25.86 lakh square feet during 2022-23 from 14.76 lakh square feet in the preceding fiscal.

Sales price improved by 31 per cent to ₹5,080 per square foot in FY23 from ₹3,883 per square foot in the previous fiscal, driven by “increasing prices across projects and changing mix towards higher priced projects”.

The company constructed nearly 17 million square feet area in the last fiscal.

During 2022-23, Ashiana Housing launched five new projects and eight new phases in existing projects, totalling 29.46 lakh square feet of area.

Recently, Ashiana Housing announced an investment of ₹275 crore to develop a housing project in Pune for senior citizens.

The project spread over 11.93 acres will be developed in four phases.

On financial performance, Ashiana Housing’s sales and other income rose to ₹425.19 crore last fiscal from ₹233.59 crore in FY22.

Its net profit stood at ₹27.88 crore in the 2022-23 fiscal against a net loss of ₹7.04 crore.

Ashiana Housing is one of the leading real estate developers in the country. It has a presence in Gurugram, Jaipur, Bjiwadi, Jodhpur, Chennai, Pune and Jamshedpur property markets. It is listed on stock exchanges.

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