In a filing to the BSE, Ashiana Housing said "the company has entered into a development agreement with Bengal Shriram Hi Tech City Pvt Ltd (a group company of Shriram Properties Ltd), for development of senior living and regular housing project on a piece of land measuring 19.72 acres".
The entire project would have a total saleable area of about 18 lakhs sq ft, it added.
In February this year, Ashiana Housing had raised Rs 200 crore from global investors Goldman Sachs and Creador through qualified institutional placement(QIP).