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Ashiana II

Sector: Commercial • Location: India

Source: International Finance Corporation (IFC)

Project
Active

Incorporated in 1986 in Kolkata, Ashiana Housing Limited (“AHL” or “the company”) () has over 30 years track record with its primary business affordable residential housing development targeting the middle-income segment. It also has a smaller senior living business and a 101-room hotelBhiwadi (Rajasthan). AHL carries out the construction in-house and also manages th

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The project “Ashiana II” is an infrastructure initiative in the Commercial sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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active

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Description

Description

Incorporated in 1986 in Kolkata, Ashiana Housing Limited (“AHL” or “the company”) (https://www.ashianahousing.com/) has over 30 years track record with its primary business affordable residential housing development targeting the middle-income segment. It also has a smaller senior living business and a 101-room hotelBhiwadi (Rajasthan). AHL carries out the construction in-house and also manages the maintenance of its properties after handover to customers through its 100% owned subsidiary, Ashiana Maintenance Services  (AMS)liability limited partnership.IFC is considering an investment of up to INR 2,250 mm (~US$27 mm) including construction of approximately 5,000 - 6,000 units of middle-income/affordable housing and senior living over 5-7 years (“the project”).The project will be IFC's second investment in AHL (https://disclosures.ifc.org/project-detail/ESRS/38851/ashiana).

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Source

Source reliability

High

Data quality score

100%

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