ASHIANA / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Ashiana Housing · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

12

Answered directly

88%

Numeric claims

0

Consistency

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Question ledger

What was answered, and how?

Ankita · White Equity Investment Advisor

direct

Is the small Karjat land parcel worth management bandwidth?

this parcel we intend to do a senior living development here... it met the minimum threshold from a management bandwidth perspective and therefore we went ahead.

Ankita · White Equity Investment Advisor

partial

Future projects pipeline drying up; update on Bangalore, Pune, Jaipur acquisitions.

there are those three acquisitions... which have not closed because of CPS... I'm hoping that CPS on that will close... we are also in active discussions for two three more projects.

Ankita · White Equity Investment Advisor

direct

Why are Arohan realizations similar to Amara phase 5 despite being premium?

ticket sizes are higher because unit sizes are bigger... we also wanted to get a certain pipeline at launch... we would expect to now increase prices and phase three will be launched at a higher price.

Mihir Desai · Desai Investment

direct

Sales trend in Amara phase 5 and traction in new projects Amaya and Vatsalia phase 2.

in Ashana Amara sales were a little slow because we diverted sales team to Arohan... Amaya sales momentum was good in January... Vatsalia phase 2 has been doing decently well.

Mihir Desai · Desai Investment

direct

Will the shift to senior living improve realizations from current ~7,200/sq ft?

senior living will improve realizations on average... floor price in senior living is getting closer to 7,000 and higher going 10,000+... Q4 will be heavy on average realization due to Aro's contribution at 15,200.

Nikil Opadia · SIMPL

direct

Strategic rationale behind partnering with Epoch Elder Care for Ashana Care Homes.

it is an attempt to provide a little bit more medicalized higher grade of assisted care... we see our main business being active senior living... this is a pilot; if it goes well we'll give more facilities to epoch.

Nikil Opadia · SIMPL

direct

Why is there a fall in realizations in Jaipur projects?

realizations have gone up... there is a volume decrease because we have very little stock to sell... we have upped prices over the last 6 months.

Nachikit Khali · Juggernaut Ventures

direct

What is the strategy for geographical expansion and subcontracting?

for now we take everything end to end ourselves... we have started subcontracting in new cities part of the developments... location strategy is based on demographics for senior living.

Rohit · I thought PMS

partial

Progress on Bangalore, Bombay, Jaipur land acquisitions and pre-sales outlook.

positive movement in Pune and Bangalore... hoping good news in 3-6 months... Jaipur slow... next year pre-sales will be in similar ballpark around 2,000 crores.

Rohit · I thought PMS

direct

Can we grow pre-sales beyond 2,000 crores given the white space in senior living?

the idea is to increase scale... senior living revenue has grown 5-6x over last six years... we want to continue that 25-30% CAGR in senior living.

Rohit · I thought PMS

direct

Are we on track for cumulative deliveries of 11,000 crores between FY25-30?

total sale value of projects under development and delivered between FY25-26 is about 7,200 crores... Arohome phase 1&2 should have sale value over 1,100 crores... plus other phases... that's where roughly that 11,000 cr number came from.

Ankur Jane · Priya's Capital

partial

What margins to expect in Bangalore first project and will brand travel from Chennai?

we have baked in some learning costs... we hope to meet a minimum threshold margin... first project margins are always lower... we would like to position as premium developer... brand should transfer.