Ashiana Housing targets ₹2,200 cr in FY27 pre-sales
After record FY26 revenue of ₹1,187 cr, Ashiana is pivoting toward senior living with five new projects and a land bank four times its current annual throughput.
— 1 earlier story on Ashiana Housing Ltd. →What's new
- FY26 revenue hit a record ₹1,187 cr, with PAT jumping to ₹118 cr from ₹18 cr.
- Management plans five new senior living projects with a combined GDV of ₹6,500 cr.
- CEO Varun Gupta confirmed all profits will be reinvested into growth rather than dividends.
Why this matters
Ashiana is betting heavily on senior living to expand margins, aiming for a 20%+ ROE. By choosing to reinvest all profits, the company is signaling that it sees more value in land acquisition than in returning cash to shareholders.
What we're watching
- Execution of the ₹6,500 cr GDV pipeline over the next 12-24 months.
- Whether senior living can scale to 30% of total bookings as targeted.
- Margin trajectory as low-margin legacy projects exit the portfolio.
The full read
Ashiana Housing is shifting its focus toward senior living after a record FY26. The company reported revenue of ₹1,187 crore and a net profit of ₹118 crore, up from ₹18 crore the previous year.
Growth is the priority.
Management is now targeting ₹2,200 crore in pre-sales for FY27 and a return on equity of 20%+. To support this, the company has secured a land pipeline of 96 lakh square feet, which is four times its annual throughput. The strategy centers on five new senior living projects with a combined gross development value of ₹6,500 crore to be launched within the next two years. CEO Varun Gupta has made it clear that capital allocation will prioritize growth over dividends, with all profits earmarked for reinvestment. Realizations in Q4 rose 71% year-on-year to ₹11,566 per square foot, largely due to the success of the Ashiana Amara project. The company expects margins to climb as these higher-margin senior living projects scale to 30% of total bookings.
Questions answered
- What drove Ashiana's performance in FY26?
- Revenue reached a record ₹1,187 crore, while EBITDA surged 281% to ₹176 crore. The Gurgaon project, Ashiana Amara, was a major contributor, accounting for ₹823 crore of the ₹1,290 crore in Q4 bookings.
- How does the company plan to use its profits?
- CEO Varun Gupta confirmed that all profits will be fully reinvested into the business to fund growth. There are no plans for shareholder returns at this time.
- What is the scale of the new senior living expansion?
- The company plans to launch five new projects across Chennai, Bangalore, Mumbai-Pune, and NCR. These projects represent a combined gross development value of ₹6,500 crore and are slated for launch within 12-24 months.
- What is the current status of the company's land bank?
- Ashiana has expanded its land pipeline to 96 lakh square feet. This represents four times the company's current annual throughput.
Story so far
All notes on ASHIANA →- 29 May 2026 · 12:47 PM IST Ashiana Housing targets ₹2,200 cr in FY27 pre-sales
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