Ashiana Housing Ltd., a Delhi based real estate company becomes the only real estate company from India to figure in ‘Asia’s Best Under A Billion’ list of companies compiled by the Forbes magazine for 2010. Only 39 Indian companies were able to make it to the list.
The Forbes’ ‘Asia’s 200 Best Under A Billion’ list highlights the 200 top-performing small and midsize enterprises having revenues under $1 billion. It picks these firms from close to 13,000 publicly listed Asia-Pacific companies with actively traded shares and sales between five million dollars and one billion dollars. The selection of the best 200 companies is based on earnings growth, sales growth, and shareholders’ return on equity in the past 12 months and over three years. In Asia, there are only four more Companies in the Real Estate space.
Ashiana Housing Limited is a fast growing real estate developer with its head office in New Delhi, India. It has presence in Group Housing, Retirement Resorts, Retail, Hotels and Facilities Management. It has pioneered the concept of Retirement Resorts in India.
Ashiana has built over 9.2 million sq. ft. of residential & commercial space with more than 6500 families residing in the homes built under its name. It is the first group housing developer in Patna, Bhiwadi, Jamshedpur and Neemrana, the first in retirement resort and one of the few to undertake the maintenance of residential properties developed by it.
The company though in real estate is different in the sense that
- Its Debt Free
- Doesn’t believe in land banks but collaborative model like Godrej Property
- Focused on Tier 2/3 cities where it enjoys excellent reputation
- Promoted by a BITS Pilani & Louisiana State University technocrat
- Very satisfied user base
- Successful 30 year old track record
- Axis MF recently entered at 167 rs
Over 70Lakhs sq. ft. area under development
http://cmlinks.com/moneypore/profilenew/financial.asp?mainopt=8&cocode=2769
ANNUAL REPORT
http://www.bseindia.com/bseplus/AnnualReport/523716/5237160311.pdf
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