Ashiana Vatsalya: Chennai to get premium residences for senior citizens


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    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 the 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 the retirement living. The investment for Ashiana Vatsalya is primarily funded through internal resources, supplemented by a loan of 8-10%.”

    Targeted towards end-users seeking a premium lifestyle, Ashiana Vatsalya boasts several unique selling propositions that set it apart from other offerings in the market. Notably, 66% of the flats will be open on three sides, providing ample ventilation and natural light. Additionally, 55% of the flats will offer breath-taking views of the adjacent lake, creating a serene and picturesque ambiance for residents. It is aimed at providing holistic living, offering cultural, recreational, and wellness spaces designed for both seniors and their families.

    The project builds upon the success of 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, instils 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.

    Also read: GST Council Set to Confirm RERA’s Tax Exemption

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