Ashiana Housing Unveils Phase 2 of Its Senior Living Project in Chennai — Homes Starting at ₹75 Lakh

Real estate major Ashiana Housing Ltd has launched the second phase of its senior living project, Ashiana Vatsalya, in Chennai. Spanning 2.73 acres, this phase brings thoughtfully designed 1BHK, 2BHK, and 3BHK apartments priced between ₹75 lakh and ₹1.61 crore, with possession slated for July 2028, as per the company’s latest regulatory filing.

Out of the 1,114 homes planned under the project, 430 units are part of this new launch. The developer noted that Ashiana Vatsalya continues to attract end-users and investors who value community-driven senior living environments that prioritize comfort, care, and connection.

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A Strategic Expansion Plan for Senior Living

Ashiana Housing is investing ₹425 crore during FY2025–26 to expand its senior living portfolio across Mumbai, Bengaluru, and the Delhi-NCR region. The funds will cover landowner payouts, construction, execution, and other development-related expenses.

A Lakefront Lifestyle in Chennai

Located near the scenic Kolavai Lake, Ashiana Vatsalya offers an idyllic setting for retirees seeking tranquility. Around 66% of the homes in Phase 2 feature lake-facing views, enhancing the serene living experience. The project also includes a 42,000 sq. ft. clubhouse, 6.29 acres of landscaped greenery, and over 40 lifestyle and sports amenities, promoting active, wellness-oriented living.

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Strong Sales Momentum

The project’s first phase saw robust sales, with 205 of the 258 units sold, generating ₹167 crore in revenue. Early signs for Phase 2 are promising as well, with 28 expressions of interest already received since launch.

“Senior living is not just about housing—it’s about creating vibrant communities where seniors can live independently with dignity, joy, and companionship,” said Ankur Gupta, Joint Managing Director, Ashiana Housing Ltd. “The enthusiastic response to our Chennai project validates the growing demand for senior-friendly housing in India.”

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A Trusted Brand with a Diverse Portfolio

Currently, Ashiana Housing has nine senior living projects across India — three in Bhiwadi (NCR), three in Chennai, and one each in Jaipur, Pune, and Lavasa. The company also plans to launch five new phases this fiscal year, covering approximately 5.71 lakh sq. ft. of saleable area.

In FY2024, Ashiana constructed around 5.38 lakh sq. ft. and invested ₹213 crore in its senior living segment. With a portfolio of 55 projects spanning senior living, premium homes, elite homes, and kid-centric homes, the company has established a strong presence in eight Indian cities, delivering over 23 million sq. ft. of residential space and serving more than 19,000 families.

With the success of Ashiana Vatsalya and its ambitious expansion plans, Ashiana Housing continues to redefine the concept of senior living — blending thoughtful design, active community life, and emotional well-being into one holistic experience.