Ashiana Housing and Arihant Foundations join hands for senior citizen residential project in Chennai
Real estate developer Ashiana Housing has joined hands with Arihant Foundations & Housing to develop a senior living project in Chennai. The project named Swarang is Ashiana’s third senior living project in Chennai.
The project is expected to take an investment of approximately Rs 225 crore and sales realization is estimated to be Rs 450 crore. Spanning 10.87 acres in the Nemmeli area the premium project is strategically located on East Coast Road (ECR), near the renowned Sheraton Resort.
It will offer a select number of exclusive units, including 1 BHK, 2 BHK, and 3 BHK options, ranging from 912 to 1462 square feet, and luxurious penthouses. The price range for these units is as follows: Rs 84 lacs – Rs 1.009 cr for 1 BHK, Rs 1.22 cr – Rs 1.46 cr for 2 BHK, Rs 1.55 cr – Rs 1.75 cr for 3 BHK, and Rs 2.08 cr for 2 BHK penthouses. The project is expected to be completed in phases, with the first phase scheduled for completion by September 2027.
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