Ashiana Housing and Arihant Foundations to invest Rs 2.25 Bn

14 Aug 2024 CW Team

Ashiana Housing announced that they have partnered with Arihant Foundations & Housing to develop a residential project named Swarang, spanning 10.87 acres of land in Nemmeli, Chennai. The joint venture will operate on a profit-sharing basis, with the companies planning to invest approximately Rs 2.25 billion in the project, which is expected to generate sales revenue of Rs 4.50 billion.

The project is anticipated to be completed within six years, with the first phase set for completion by September 2027. In this initial phase, the company will develop 134 units. Ankur Gupta, joint managing director of Ashiana Housing, expressed enthusiasm about launching their ninth senior housing project in India and third in Chennai.

Infrastructure Urban

23 May 2025

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

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Infrastructure Urban

23 May 2025

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

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Infrastructure Urban

23 May 2025

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of 鈥淔inancial Fraud Risk Indicator (FRI)鈥� with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the 鈥淔inancial ..