Ashiana Housing Ltd. (NSE/BSE listed), India’s leading developer in senior living, has expanded its presence in Chennai with the launch of Swarang Phase II, a premium extension of its flagship retirement living project along East Coast Road (ECR), near Sheraton Resort.
Phase I of Swarang recorded strong demand, with 99 of the 134 homes sold, generating ₹110.58 crore in sales. Building on this success, Ashiana Housing, in collaboration with Kairav Developers and Arihant Foundations & Housing, is now adding Phase II with an investment of ₹45 crore as part of the larger ₹230 crore development.
Spread across 1.35 acres, the project features semi-furnished apartments priced between ₹1.29 crore and ₹2.5 crore. Designed with a low-rise, low-density approach (around 40 units per acre), Swarang Phase II emphasizes landscaped open spaces, medical support, and activity-driven community areas to promote active retirement living.
Commenting on the launch, Ankur Gupta, Joint Managing Director, Ashiana Housing Ltd., said, “With Phase II, we are building not just homes, but a community where seniors can enjoy independence, companionship, and care in an environment that inspires confidence. Swarang is about celebrating life, not slowing it down.”
Located in Nemmeli, where the backwaters meet the sea, the project offers a serene yet well-connected environment, setting new benchmarks for senior living in Chennai.