As part of our Wealth Creator Series , today we look at Ashiana Housing. This is one of the 39 stocks that were short-listed that passed through our stringent stock screen filters.
Ashiana Housing Ltd. follows a differentiated business model which is based on profit-sharing with land owners - and it has paid off well. Its focus on non-metros, in both group housing as well as niche segment of retirement homes, has contributed to the excellent growth. Return on equity has averaged 41 per cent during FY07-11 and revenue visibility comes from its estimated saleable area of 79.20 lakh sq ft.