Realty firm Ashiana Housing has tied up with Bengaluru-based Shriram Properties to develop a housing project in Kolkata.
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.
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In February this year, Ashiana Housing had raised Rs 200 crore from global investors Goldman Sachs and Creador through qualified institutional placement(QIP).
Delhi-based Ashiana Housing focuses on the development of homes for senior citizens. It has projects in Jaipur, Bhiwadi, Sohna-Gurgaon, Neemrana, Chennai, Kolkata and Jamshedpur. That apart, it is developing homes in Lavasa township project.