Ashiana Housing Limited reported a decrease in bookings during the first quarter of FY27. The total area booked in the quarter dropped to 3.61 lakh square feet from 5.95 lakh square feet in the same period of the previous financial year. The value of bookings also saw a year-on-year decline to Rs 357.80 crore from Rs 430.97 crore, with 234 units booked.
Ashiana Housing expanded its project pipeline by launching 140 units each in OMA Phase 1 and OMA Phase 2 during the quarter. Additionally, the company acquired approximately 28.55 acres in Vadgaon, Pune district, Maharashtra, marking its largest land purchase for a senior living project. The proposed development is anticipated to have a saleable area of nearly 20 lakh square feet, with an estimated sales potential of around Rs 1,800 crore.
In terms of project execution, Ashiana Housing initiated handovers for Phase 1 of its Ashiana Nitara project in Jaipur during the June quarter. The company also adjusted the delivery timelines for Amarah Phase 1 and Anmol Phase 3, now slated for delivery in the second quarter of FY27 instead of the first quarter.
Despite the decline in booking volumes and value compared to the previous year, the operational update emphasized Ashiana Housing’s focus on expanding its project portfolio through new launches, strategic land acquisitions, and ongoing progress in project execution. Ashiana Housing shares closed 0.37% lower at Rs 394.50 on the National Stock Exchange (NSE).
