Ashiana Housing rose almost 8% to Rs.175 and remains firmly in the green.

It is after some time that we hearing of new project proposed in the midcap realty sector. Ashiana said that it has signed a MoU with a Pune-based developer for a housing project. 

The development work will be carried on a 19 acre parcel of land situated near Hinjwadi, District Pune of Maharashtra, the company said. The project will be undertaken on a revenue sharing basis.

The expected saleable area would be 12.5 lakh square feet to 15 lakh square feet.