'Ashiana Vatsalya' an exclusive premium residential project for senior citizens in Chennai

Business MInutes

Ashiana, a leading real estate developer, announces the launch of Ashiana Vatsalya, an exclusive premium residential project for senior citizens in Chennai. Spanning across a sprawling 17.9 acres of prime land, Ashiana Vatsalya is designed to create a premium senior living community which redefines retirement living.

The project is located inside Mahindra World City featuring 6.3 acres of landscape area along with 41,900 sq ft of clubhouse with dining, gym, swimming pool facilities. A total of 258 units are available in the first phase. With a total project cost of INR 400 Crores, this venture reflects the company’s commitment to delivering unparalleled living experiences to its esteemed customers. The land for Ashiana Vatsalya is held under perpetual lease. The entire project will be constructed in 8 years and will be delivered in 5 phases, each to be completed in approximately 2 to 2.5 years.

"We are excited to embark on this journey with Ashiana Vatsalya, a testament to our dedication to excellence in creating a premium residential hub exclusively for senior citizens," said Ankur Gupta, Joint Managing Director, Ashiana Housing. "With this project, we aim to raise the bar and set new benchmarks in retirement living. The investment for Ashiana Vatsalya is primarily funded through internal resources, supplemented by a loan of 8-10%."

“I am happy to be a part of the unveiling of the show home of this project and to know that at Ashiana Vatsalya, the company aims to create a community where seniors can live independently and enjoy their golden years with peace of mind,” said Saranya Ponvannan, a popular actress, who was present at the launch.

The project builds upon the success of the company's previous projects, where it sold out 900 units. Ashiana’s strong track record, coupled with the project's exceptional features and prime location within a well-developed community, instill confidence in prospective buyers. Ashiana is a leading real estate developer dedicated to crafting innovative and sustainable living spaces that redefine modern living. With a strong commitment to quality and customer satisfaction, we strive to create enduring value for our stakeholders and communities.


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