Ashiana targets ₹6,500 cr in senior living after record bookings.
The developer's FY26 pre-sales hit ₹2,421 cr. Now it's pushing a ₹6,500 cr pipeline into senior housing, starting with five new projects.
What's new
- FY26 pre-sales of ₹2,421 cr are a record for the company.
- FY27 target is ₹2,200 cr in pre-sales with 20%+ reported ROE.
- Five new senior living projects with ₹6,500 cr GDV to launch in 12-24 months.
Why this matters
Ashiana is staking its next growth cycle on senior living, a niche it's scaling aggressively. The ₹6,500 cr pipeline is almost three times its record annual booking value, signalling a significant strategic bet.
What we're watching
- Execution on the five new senior living launches over the next two years.
- Whether FY27 bookings meet the ₹2,200 cr target after a record year.
- Margin trajectory as the mix shifts toward new, larger developments.
The full read
Ashiana Housing's ₹2,421 cr FY26 bookings were a company record. The forward guidance is where the real story is. Management has outlined a ₹6,500 cr senior living pipeline, five new projects to launch over the next 12-24 months. That pipeline is nearly three times the scale of its record year, making the senior housing bet the dominant narrative for FY27 and beyond. The plan includes a 28.5-acre land acquisition in Maharashtra for a single project with an estimated ₹1,800-2,000 cr GDV. The FY27 pre-sales target is ₹2,200 cr, slightly below this year's actuals, which is a conservative baseline for an aggressive expansion. The ROE target is 20%+.
Questions answered
- What was Ashiana's record FY26 booking value?
- The company reported its highest-ever annual booking value of ₹2,421 crores for FY26.
- How large is the planned senior living expansion?
- Ashiana plans to launch five new senior living projects across Chennai, Bangalore, and the Mumbai-Pune region with a combined gross development value of ₹6,500 crores. This is to be executed over the next 12-24 months.
- What is the specific land acquisition for this push?
- The company acquired 28.5 acres in Vadgaon, Maharashtra, for a senior living project with an estimated GDV of ₹1,800-2,000 crores.
- What are the financial targets for FY27?
- Management set a pre-sales target of ₹2,200 crores for FY27 and is targeting a reported return on equity of 20% or more.