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1 Happiness all around Going The Extra Mile Transparency Never give UpBHIWADI | GURUGRAM | MUMBAI-PUNE | CHENNAI | JAIPUR | JAMSHEDPUR | JODHPUR | NEEMRANA September 2026Investor Update
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Investor Presentation Sept 2026 | Ashiana Housing Limited22 Snapshot 45+Years of Legacy of Excellence #1Senior Living Player 38Ongoing Phases (across 15 Projects) 356 lakh sq. ft. Total Constructed Area* 35%5-Year Pre-sale CAGR 29%5-Year Collection CAGR 1300+Employee Strength 8Cities Presence 20K +Happy Ashiana Families* * As on 30thSeptember, 2026#By Track2Realty✓NET CASH BALANCE SHEETSupporting growth and financial flexibility
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Investor Presentation Sept 2026 | Ashiana Housing Limited33 •Ashiana Housing is a leading residential real estate developer withover 45 years of proven execution and customer trust in the Indianhousing market.•Pioneer in differentiated residential ecosystems with strongpositioning across Senior Living, Kid-Centric Homes, PremiumHomes and Elite Homes focused on lifestyle-led community living.•India’s No.1 Senior Living Brand (#) with over 20 years of experience.•Presence across key residential markets including NCR, Jaipur,Chennai, Mumbai-Pune, Jamshedpur, and other high-growth urbanmicro-markets.•Strong execution-led business model with integrated capabilitiesacross land acquisition, project development, construction, andcommunity management.•Asset-light and disciplined growth strategy focused on sustainableexpansion, capital efficiency, and balanced portfolio growth. Company Overview 22%43%35%Ongoing Project Portfolio Mix as on H1 FY27 (By Value)Senior LivingKids Centric homesPremium & Elite Homes1,798 1,937 2,421 1,192 FY24 FY25 FY26 H1FY27Booking Value (INR Cr) #By Track2Realty
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Investor Presentation Sept 2026 | Ashiana Housing Limited44 Differentiated Residential PlatformsKID-CENTRIC HOMESHolistic Child Development•Learn, Nurture, Support, Care-ecosystem•Child-focused community infrastructure•Family-centric premium positioning SENIOR LIVINGActive & Joyful Ageing•Age-specific communities (55+ years)•Wellness, safety & engagement ecosystem•India’s No.1 Senior Living Brand PREMIUM & ELITE HOMESQuality • Timely Delivery • Trust•Mid to upper-mid income housing•Premium gated communities•Strong execution-led delivery platform
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Investor Presentation Sept 2026 | Ashiana Housing Limited55 Well-Positioned to Capitalize on India’s Senior Living OpportunityCompetitive AdvantageLimited organised competition at scaleFew developers have built dedicated senior-living communities at scale, creating room for established operators to strengthen their lead.Structural Growth TailwindsA long-duration demographic opportunityIndia’s 60+ population is projected to rise from 157 million (2025) to 346 million by 2050, while longer life expectancy and nuclear families reshape senior-care choices.Premium PositioningFacilities-led differentiation and pricing powerIntegrated amenities, community design and professional project management support stronger customer value, better realisations and premium pricing.Better MarginsSuperior than company marginsAshiana’s early-mover expertise and operating track record provide a platform to expand its footprint and scale the senior-living business over time and enhance company marginsSource: https://credai.org/knowledge-center/credai-reports/reports/44.pdf 1234 GA LARGE, UNDERPENETRATED MARKETIndia’s 60+ population is set to more than double157 Mn2025192 Mn2030E346 Mn2050EASHIANA: Established senior-living platform
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Investor Presentation Sept 2026 | Ashiana Housing Limited66 A Complete Ecosystem for Senior Living Elegant & Age-Friendly Design•Purpose-built senior living communities•Accessible layouts with senior-friendly features•Landscaped open spaces and walkways Wellness & Healthcare•Wellness & Healthcare•On-site medical support and preventive care•Wellness amenities including yoga, fitness and walking trails•Assisted living support where needed Vibrant Social Life•Community clubs, hobby and interest groups•Cultural events, festivals and celebrations•Sports, games and recreational activities Dining & Everyday Convenience•Dedicated dining spaces with nutritious meals•Menus designed for senior dietary needs•On-site conveniences for hassle-free living Safety & Peace of Mind•24x7 gated security and trained staff•Emergency response systems•Safe and secure living environment Care & Support•24/7 medical support and personalised care plans•Homely environment for seniors who need extra support•Engaging activities to maintain an active and fulfilling life
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Investor Presentation Sept 2026 | Ashiana Housing Limited77 Senior Living | From a Pioneer to a Scaled Growth EngineTwo decades of category experience is translating into record bookings and a sizeable growth pipelineOver 23Years in Senior Living4,353 Units Sold3,031 Units DeliveredProven Category Playbook~23 yrs agoUtsav BhiwadiFirst Senior Living projectFY26₹570 CrHighest-ever Senior Living salesToday~₹8,000 CrSenior Living GDV pipelineActive ageing • community • independence • wellnessSenior Living Booking Value (INR Crore) 154FY23294FY24383FY25570FY26FY26: 569 units | 7.37 lakh sq. ft. soldScale-up Roadmap₹8,000 CrSenior Living GDV at Present(~50% of total GDV)>₹700 CrFY27 Senior Living Booking Valuetarget₹1,500 CrAnnual Booking Value target by FY 2030EXPANSION ENGINE•Deepening presence in existing markets- Mumbai-Pune, Chennai, NCR, and Upcoming market like Bangalore.•Acquired four land parcels in FY26 and in current Financial Year.Senior Living is moving from a niche offering to a core growth engine backed by brand, operating experience and a visible project pipeline.6+55%CAGR9Projects : 5 Completedand 4 Under execution
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Investor Presentation Sept 2026 | Ashiana Housing Limited88 Geographical Presence of Ongoing ProjectsBhiwadi & NeemranaMumbai-PuneChennaiJaipurJamshedpurGurugramJaipur24%Gurugram27%Chennai12%Bhiwadi12%Pune15%Jamshedpur10%Saleable Area of Ongoing Projects as on September, 30th2026Jodhpur
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9 Quarterly Highlights
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Investor Presentation Sept 2026 | Ashiana Housing Limited1010 Quarter wise performanceLakh sq. ft.Lakh sq. ft.Lakh sq. ft.INR CroresEntityPeriodArea Delivered & Recognized as RevenueEquivalent Area Constructed*Area BookedBooking Value8.636.659.18805.60AHLQ2FY27-0.520.2928.80Partnership8.637.179.47834.40Total1.275.263.32328.90AHLQ1FY270.000.340.2928.75Partnership1.275.603.60357.64Total20.4225.2524.392217.45AHLFY260.000.942.34203.68Partnership20.4226.1926.732421.13Total5.696.3410.501224.17AHLQ4FY260.000.310.6865.53Partnership5.696.6511.181289.70Total6.915.875.15368.99AHLQ3FY260.000.270.3128.04Partnership6.916.145.46397.03Total2.737.023.83275.35AHLQ2FY260.000.230.3028.08Partnership2.737.254.13303.43Total5.086.034.91348.94AHLQ1FY260.000.121.0482.04Partnership5.086.155.95430.97Total9.9719.9426.031851.92AHLFY250.030.180.9484.83Partnership10.0020.1226.981936.75Total4.314.128.20550.50AHLQ4FY250.000.030.2824.22Partnership4.314.158.48574.72Total2.745.116.12394.31AHLQ3FY250.000.050.6559.85Partnership2.745.166.77454.16TotalEquivalent Area Constructed (EAC) excludes EWS / LIG area as it is not a business activity of the company.
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Investor Presentation Sept 2026 | Ashiana Housing Limited1111 Quarterly Sales Trend : Area Booked (sq. ft.)Q2FY27Q1FY27Q4FY26Q3FY26Q2FY26Q1FY26Q4FY25Q3FY25ProjectsLocation-----1,527--AnmolGurugramAHL 45,01119,03624,85517,85747,19675,7981,22,72557,085AmarahGurugram49,79578,7165,43,883-----AarohamGurugram7,2896,83261,00820,56537,9471,56,17320,42972,339TarangBhiwadi------15,19537,270Ashiana TownBhiwadi2,20014,04517,09017,09017,170--255SurbhiBhiwadi-1,5531,5533,1061,5532,8161,8437,467NirmayBhiwadi38,78285,40673,02143,76843,79667,65525,27132,329AdvikBhiwadi7,400-------Utsav BhiwadiBhiwadi4,4704,16012,7905,34012,79018,69016,64019,350DwarkaJodhpur3,146-1,5713,87913,79721,41715,36615,117UmangJaipur--14,9853,330-8,32527,38528,745AmantranJaipur1,810-7,23338,26025,11531,97715,52834,4202,07,704EkanshJaipur19,9948,57533,24826,98058,74335,7424,07,3272,686NitaraJaipur16,9608,18510,52011,1109,7194,67014,62510,520One44Jaipur5,16,879-------Ashiana OMAJaipur--8652,4592,596-604865ShubhamChennai77,21435,96444,37380,16022,74331,22744,49339,171VatsalyaChennai----1,295915-3,660-15Utsav LavasaPune32,04422,16436,38530,81547,61024,49629,48240,340MalharPune57,79921,82682,25130,06833,27626,48646,76535,945AmodhPune----535-535-535AdityaJamshedpur--3,070------PrakritiJamshedpur-1,486-1,486---1,4864,688SeharJamshedpur37,21533,91555,3001,93,215----AmayaJamshedpur9,18,0083,31,56010,50,4735,14,8573,82,7434,90,9308,20,3966,12,396AHL Total 27,45819,60760,66621,51129,64529,41928,06564,908SwarangChennaiPartnership135-------Gulmohar GardensJaipur-9,2487,2769,88464774,514--AravaliJaipur1,145-------Rangoli Garden Jaipur28,73828,85567,94231,39530,2921,03,93328,06564,908Partnership Total9,46,7463,60,41511,18,4155,46,2524,13,0355,94,8638,48,4616,77,304Grand TotalNegative figures represent cancellations or booking reversals during the respective period.
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Investor Presentation Sept 2026 | Ashiana Housing Limited1212 166107576Q2-FY26 Q1-FY27 Q2-FY27Revenue from Operations (INR Cr)281351 Q2-FY26 Q1-FY27 Q2-FY27PAT (INR Cr)Consolidated Quarterly Financial Performance 123121138 Q2-FY26 Q1-FY27 Q2-FY27Pre – Tax Operating Cashflow (INR Cr)(Excludes Other Income)Quarterly Financial highlights•Revenue from Operations at Rs 576 Cr in Q2 FY27 vs Rs 107 Cr in Q1 FY27 and Rs 166 Cr in Q2 FY26. The increase in revenue driven by higher area delivered (8.63 lsf in Q2 vs 1.27 lsf in Q1 FY27) in Ashiana Amarah Phase 1 and Ashiana Anmol Phase 3 Gurugram. •PAT at Rs 51 Cr in Q2 FY27 vs Rs 13 Cr in Q1 FY27 and Rs 28 Cr in Q2 FY26, primarily driven by higher Revenue from Operations.•Pre – Tax Operating Cashflow at Rs 138 Cr in Q2 FY27 vs Rs 121 Cr in Q1 FY27 and Rs 123 Cr in Q2 FY26. Better cashflows driven by higher collections.Pre-Tax Operating Cashflow is a modified version of operating cash flows and not as per statutorily required AS-3.
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Investor Presentation Sept 2026 | Ashiana Housing Limited1313 458683H1-FY26 H1-FY27Revenue from Operations (INR Cr)4064H1-FY26 H1-FY27PAT (INR Cr)Consolidated Half Yearly Financial Performance Half-Yearly Financial highlights•Revenue from Operations increased to Rs 683 Cr in H1 FY27 from Rs 458 Cr in H1 FY26, an increase of 49%, primarily driven by handover of Ashiana Amarah phase 1 and Ashiana Anmol phase 3 in Gurgaon. •PAT increased to Rs 64 Cr in H1 FY27 from Rs 40 Cr in H1 FY26, an increase of approximately 59%, supported by higher Revenue from Operations.•Pre – Tax Operating Cashflow increased to Rs 259 Cr in H1 FY27 from Rs 231 Cr in H1 FY26, an increase of approximately 12%, driven by higher collection.•Raised Rs 43.25 crores through the issuance of NCDs (unsecured, rated, redeemable, listed) to fund the acquisition of new Senior Living Project in Vadgaon, Pune.•Commenced redemption of NCDs issued to ICICI Prudential, Rs 31.25 CR (25% of the issue size) redeemed during the quarter. Balance 75% (Rs 93.75 CR) redemption is lined up in upcoming three consecutive financial years. 231259H1-FY26 H1-FY27Pre – Tax Operating Cashflow (INR Cr)(Excludes Other Income)Pre-Tax Operating Cashflow is a modified version of operating cash flows and not as per statutorily required AS-3.
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Investor Presentation Sept 2026 | Ashiana Housing Limited1414 303 358 834 Q2-FY26 Q1-FY27 Q2-FY27Booking Value (INR Cr)307 234 525 Q2-FY26 Q1-FY27 Q2-FY27Units Sold (No.)Quarterly Operational Performance 4.13 3.60 9.47 Q2-FY26 Q1-FY27 Q2-FY27Area Sold (lakh sq. ft.)407409487Q2-FY26 Q1-FY27 Q2-FY27Collections (INR Cr)7,346 9,923 8,813 Q2-FY26 Q1-FY27 Q2-FY27Avg. Price Realization (INR Per Sq.ft)7.25 5.60 7.17 Q2-FY26 Q1-FY27 Q2-FY27Equivalent Area Constructed (in lakh sq. ft.)Numbers are from both AHL and Partnership entities.
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Investor Presentation Sept 2026 | Ashiana Housing Limited1515 734 1,192 H1-FY26 H1-FY27Booking Value (INR Cr)714 759 H1-FY26 H1-FY27Units Sold (No.)Half Yearly Operational Performance 10.08 13.07 H1-FY26 H1-FY27Area Sold (lakh sq. ft.)792896H1-FY26 H1-FY27Collections (INR Cr)7,2849,119H1-FY26 H1-FY27Avg. Price Realization (INR Per Sq.ft)13.40 12.77 H1-FY26 H1-FY27Equivalent Area Constructed (in lakh sq. ft.)Numbers are from both AHL and Partnership entities.
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Investor Presentation Sept 2026 | Ashiana Housing Limited1616 Q2/H1 FY 27 Operational highlightsQ2 FY27• Booking Value during Q2 FY27 stood at Rs 834 Cr, covering 9.47lakh sq. ft., vs Rs 358 Cr (3.60 lakh sq. ft.) in Q1 FY27 and Rs 303 Cr(4.13 lakh sq. ft.) in Q2 FY26. The strong performance was primarilydriven by the conversion of 222 units at Ashiana OMA, Jaipur.• Collections during Q2 FY27 at Rs 487 Cr, compared with Rs 409 Crin Q1 FY27 and Rs 407 Cr in Q2 FY26, reflecting sustained cash flowgeneration during the quarter.• Launches: Ashiana OMA (Phase 1&2) in Jaipur and AshianaVatsalya (Phase 3) in Chennai, aggregating to 8.77 lsf of Arealaunched.• The company commenced handovers at Ashiana Amarah,Gurugram (Phase 1) and Ashiana Anmol, Gurugram (Phase 3).H1 FY27• Booking Value during H1 FY27 reached Rs 1,192 Cr, covering 13.07lakh sq. ft., vs Rs 734 Cr and 10.08 lakh sq. ft. in H1 FY26. Total unitsbooked increased to 759 from 714 in the corresponding period lastyear.• H1 FY27 collections at Rs 896 Cr, vs Rs 792 Cr in H1 FY26, a 13%YoY increase.• Launches: 8.77 lsf of Area Launched in H1 FY27, all in Q2.• The company commenced handovers at Ashiana Amarah,Gurugram (Phase 1), Ashiana Anmol, Gurugram (Phase 3) andAshiana Nitara, Jaipur (Phase 1).• The company acquired a piece of land admeasuring 28.55 acres(approx.) on outright purchase basis at Vadgaon, Taluka - Maval,District - Pune 412106, Maharashtra. This is the largest ever land dealby the company for development of a Senior Living project. Theapproximate saleable area is 20 lakhs sq. ft. with a sales valuepotential of INR 1,800 crores.
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17 Ongoing Projects
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Investor Presentation Sept 2026 | Ashiana Housing Limited1818*Date of Completion as per RERA**Land Owner – Profit Share, Revenue Share, and PE Profit Share Possession Timelineas per RERAExpected CustomerHandover DateEquivalentArea Constructed(lakh sq. ft.)Balance Inventory(lakh sq. ft.)Collection (INR Cr)Booking Value(INR Cr)Area Booked(lakh sq. ft.)Saleable Area(lakh sq. ft.)Total Value (INR Cr)Economic InterestPhaseProjectsLocationOwnershipHandover timeline(Year)TypeQ4FY27Q4FY272.570.04 140.92 172.52 2.53 2.57 175.95 80% Revenue SharePhase 1AmodhPuneAHLFY27Senior LivingQ4FY28Q3FY272.75-129.80 168.07 2.83 2.83 168.07 100% OwnershipPhase 2AdvikBhiwadiAHLQ2FY28Q4FY271.140.04 105.85 137.56 1.541.58 140.91 50% of the ProfitsPhase 1SwarangChennaiPartnershipQ2FY29Q1FY282.490.06 130.16 204.80 2.93 3.00 209.39 100% OwnershipPhase 1VatsalyaChennaiAHLFY28 Q4FY28Q2FY280.930.04 77.29 100.29 1.24 1.29 103.64 80% Revenue SharePhase 2AmodhPuneAHLQ3FY29Q4FY280.440.42 19.87 46.67 0.46 0.88 76.20 50% of the ProfitsPhase 2SwarangChennaiPartnershipQ4FY29Q1FY290.950.54 36.43 108.66 1.33 1.88 158.06 100% OwnershipPhase 3AdvikBhiwadiAHLFY29Q1FY30Q2FY291.180.58 46.68 111.46 1.44 2.03 154.81 100% OwnershipPhase 2VatsalyaChennaiAHLQ3FY30Q4FY290.261.542.4636.040.441.98167.74100% OwnershipPhase 3VatsalyaChennaiAHLQ1FY30Q2FY290.330.81 17.19 83.06 0.81 1.61 169.17 50% of the ProfitsPhase 3SwarangChennaiPartnershipQ4FY30Q1FY300.811.40 37.32 130.64 1.46 2.86 251.13 80% Revenue SharePhase 3AmodhPuneAHLFY3013.855.47 743.971,299.79 17.0222.501,775.07 Senior Living Total Ongoing Residential Projects – Senior Living
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Investor Presentation Sept 2026 | Ashiana Housing Limited1919*Date of Completion as per RERA**Land Owner – Profit Share, Revenue Share, and PE Profit Share Ongoing Residential Projects – Kid-Centric HomesPossession Timelineas per RERAExpected CustomerHandover DateEquivalentArea Constructed(lakh sq. ft.)Balance Inventory(lakh sq. ft.)Collection(INR Cr)Booking Value(INR Cr)Area Booked(lakh sq. ft.)Saleable Area(lakh sq. ft.)Total Value (INR Cr)Economic InterestPhaseProjectsLocationOwnershipHandover Timeline (Year)TypeQ3FY28Q4FY273.55 -201.27 290.25 3.77 3.77 290.25 100% OwnershipPhase 2AmarahGurugramAHLFY27Kid-Centric HomesQ3FY29Q1FY282.74 -282.80 441.45 3.77 3.77 441.45 100% OwnershipPhase 3AmarahGurugramAHLFY28Q1FY30Q3FY291.59 0.42248.51 637.56 4.38 4.79 709.35 100% OwnershipPhase 4AmarahGurugramAHLFY29Q4FY30Q1FY300.84 1.89 135.75 407.15 2.67 4.56 743.92 100% OwnershipPhase 5AmarahGurugramAHLFY30Q3FY34Q3FY300.82 0.29 100.14 558.48 3.59 3.88 605.98 100% OwnershipPhase 1AarohamGurugramAHL Q3FY34Q1FY310.09 0.75 87.38 487.55 3.13 3.88 615.10 100% OwnershipPhase 2AarohamGurugramAHLFY319.64 3.34 1,055.86 2,822.43 21.31 24.64 3,406.04 Kid-Centric Homes Total
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Investor Presentation Sept 2026 | Ashiana Housing Limited2020*Date of Completion as per RERA**Land Owner – Profit Share, Revenue Share, and PE Profit Share Possession Timelineas per RERAExpected CustomerHandover DateEquivalent Area Constructed( lakh sq. ft.)Balance Inventory(lakh sq. ft.)Collection(INR Cr)Booking Value(INR Cr)Area Booked(lakh sq. ft.)Saleable Area(lakh sq. ft.)Total Value (INR Cr)Economic InterestPhaseProjectsLocationOwnershipHandover Timeline (Year)TypeQ1FY29Q3FY272.63-88.94111.722.672.67111.72100% OwnershipPhase 5TarangBhiwadiAHLFY27Premium & Elite HomesQ2FY30Q3FY271.760.0186.5498.611.81.8199.5177.25% Revenue SharePhase 3EkanshJaipurAHL Q1FY28Q4FY272.610.11120.05150.622.512.62159.2365% Revenue SharePhase 2MalharPuneAHL Q3FY28Q3FY272.570.03128.72136.782.542.57138.5673.61% Revenue SharePhase 1PrakritiJamshedpurAHL Q2FY30Q4FY270.13-9.3213.690.130.1313.6977.25% Revenue SharePlazaEkanshJaipurAHL Q3FY28Q4FY271.61-88.81102.741.781.78102.7473.61% Revenue SharePhase 2PrakritiJamshedpurAHL Q3FY28Q4FY270.13-5.669.30.140.149.373.61% Revenue SharePlazaPrakritiJamshedpurAHL Q4FY28Q1FY282.260.15143.08163.932.82.95177.9277.25% Revenue SharePhase 4EkanshJaipurAHLFY28Q3FY29Q2FY282.370.13142.44193.392.492.62206.8477.40% Revenue SharePhase 1One44JaipurAHL Q4FY28Q2FY281.750.64100.75133.351.982.62182.7965% Revenue SharePhase 3MalharPuneAHL Q2FY29Q3FY282.410.05118.63144.853.093.14148.5880.20% Revenue SharePhase 2NitaraJaipurAHL Q2FY29Q4FY281.340.0270.82110.922.292.32112.1100% OwnershipPhase 6TarangBhiwadiAHL Q3FY29Q4FY280.690.5358.5285.960.951.48142.8677.40% Revenue SharePhase 2One44JaipurAHL Q4FY29Q1FY291.110.0563.6497.832.22.24100.5380.20% Revenue SharePhase 3NitaraJaipurAHLFY29Q2FY29Q1FY290.570.2249.6677.391.021.2498.2650% of the ProfitsAllAravaliJaipurPartnershipQ2FY30Q3FY290.310.939.1428.260.381.31102.865% Revenue SharePhase 4MalharPuneAHL Q3FY30Q4FY290.731.4450.97238.143.24.64347.1373.35% Revenue ShareAllAmayaJamshedpurAHL Q4FY30Q4FY290.270.5932.36225.072.823.42278.4673% Revenue SharePhase 1OMAJaipurAHL Q2FY31Q4FY290.050.3825.61176.912.352.72208.7873% Revenue SharePhase 2OMAJaipurAHL Q4FY30Q4FY290.060.6673% Revenue SharePlazaOMAJaipurAHL Q4FY30Q1FY300.070.13.6936.640.50.6045.08100% OwnershipPhase 7TarangBhiwadiAHLFY3025.435.381,397.352,336.1037.6443.032,786.88Premium & Elite Homes Total48.9214.193,197.176,458.3275.9790.187,967.99Grand Total Ongoing Residential Projects – Premium & Elite Homes
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Investor Presentation Sept 2026 | Ashiana Housing Limited2121 Year wise Deliveries of Ongoing Projects Expected Customer HandoverTotal Value (INR Cr)Unsold Value (INR Cr)Unsold Area (lakh sq. ft.)Booking Value (INR Cr)Saleable Area (lakh sq. ft.)PhaseProjectLocationYearQ3 FY27168.07 --168.07 2.83 Phase 2Ashiana AdvikBhiwadiFY27Q3 FY27111.72 --111.72 2.67 Phase 5TarangBhiwadiQ4 FY27290.25 --290.25 3.77 Phase 2Ashiana AmarahGurgaonQ3 FY2799.51 0.90 0.01 98.61 1.81 Phase 3Ashiana EkanshJaipurQ4 FY2713.69 --13.69 0.13 ShopsAshiana EkanshJaipurQ4 FY27159.23 8.61 0.11 150.62 2.62 Phase 2Ashiana MalharPuneQ4 FY27175.95 3.43 0.04 172.52 2.57 Phase 1Ashiana AmodhPuneQ3 FY27138.56 1.78 0.03 136.78 2.57 Phase 1Ashiana PrakritiJamshedpurQ4 FY27102.74 --102.74 1.78 Phase 2Ashiana PrakritiJamshedpurQ4 FY279.30 --9.30 0.14 Commercial Phase-IIAshiana PrakritiJamshedpurQ4 FY27140.91 3.35 0.04 137.56 1.58 Phase 1Ashiana SwarangChennai1,409.9318.070.24 1,391.8622.48 Q1 FY28209.39 4.59 0.06 204.80 3.00 Phase 1Ashiana VatsalyaChennaiFY28Q1 FY28441.45 --441.45 3.77 Phase 3Ashiana AmarahGurgaonQ1 FY28177.92 13.99 0.14 163.93 2.95 Phase 4Ashiana EkanshJaipurQ2 FY28103.64 3.35 0.04 100.29 1.29 Phase 2Ashiana AmodhPuneQ2 FY28206.84 13.45 0.12 193.39 2.62 Phase 1One44 JaipurQ2 FY28182.79 49.44 0.64 133.35 2.62 Phase 3Ashiana MalharPuneQ3 FY28148.58 3.73 0.05 144.85 3.14 Phase 2Ashiana NitaraJaipurQ4 FY28112.10 1.18 0.02 110.92 2.32 Phase 6TarangBhiwadiQ4 FY28142.86 56.90 0.53 85.96 1.48 Phase 2One44 JaipurQ4 FY2876.20 29.53 0.41 46.67 0.88 Phase 2Ashiana SwarangChennai1,801.77 176.16 2.03 1,625.61 24.06 •Nitara Phase 1 & Plaza had expected customer handover date for Q2 FY2027, however both the Phases were delivered early in Q1 FY2027.•Amarah Phase 1 and Anmol Phase 3 were delivered timely in Q2 FY2027.
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Investor Presentation Sept 2026 | Ashiana Housing Limited2222 Expected Customer HandoverTotal Value (INR Cr)Unsold Value (INR Cr)Unsold Area (lakh sq. ft.)Booking Value (INR Cr)Saleable Area (lakh sq. ft.)PhaseProjectLocationQ1 FY29158.06 49.40 0.54 108.66 1.88 Phase 3Ashiana AdvikBhiwadiFY29Q1 FY29100.53 2.70 0.05 97.83 2.24 Phase 3Ashiana NitaraJaipurQ1 FY2998.26 20.87 0.22 77.39 1.24 Phase 1AravaliJaipurQ2 FY29154.81 43.35 0.58 111.46 2.03 Phase 2Ashiana VatsalyaChennaiQ2 FY29169.17 86.10 0.81 83.06 1.61 Phase 3Ashiana SwarangChennaiQ3 FY29102.80 74.55 0.93 28.26 1.31 Phase 4Ashiana MalharPuneQ3 FY29709.35 71.79 0.42 637.56 4.79 Phase 4Ashiana AmarahGurgaonQ4 FY29167.74 131.70 1.54 36.04 1.98 Phase 3Ashiana VatsalyaChennaiQ4 FY29487.24 85.26 0.97 401.99 6.14 AllOMA JaipurQ4 FY29347.13 108.99 1.44 238.14 4.64 AllAshiana AmayaJamshedpur2,495.09 674.71 7.50 1,820.39 27.86 Q1 FY3045.08 8.44 0.10 36.64 0.60 Phase 7TarangBhiwadiFY30 & FY31Q1 FY30743.92 336.77 1.89 407.15 4.56 Phase 5Ashiana AmarahGurgaonQ1 FY30251.13 120.49 1.40 130.64 2.86 Phase 3Ashiana AmodhPuneQ3 FY30605.98 47.50 0.29 558.48 3.88 Phase 1Ashiana AarohamGurgaonQ1 FY31615.10 127.55 0.75 487.55 3.88 Phase 2Ashiana AarohamGurgaon2,261.20 640.75 4.43 1,620.4615.78Total7,967.991509.6814.196,458.3290.18TotalDelivered*Ongoing Projects Year wise Deliveries of Ongoing Projects •Year on year revenues driven by deliveries. Deliveries might change from one year to another depending on execution/any other reason.•From Ongoing Projects, Revenue of Rs. 7,967.99 Crores already locked in over next 3-5 years from the sale of units and unsold value of Rs. 1,509.68 Crores would contribute to revenue as and when the units are subsequently sold and delivered.•This list is updated with scheduled year of deliveries, as and when new projects are launched.
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23 Future Outlook
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Investor Presentation Sept 2026 | Ashiana Housing Limited2424 Saleable Area (lakh sq. ft.)Economic InterestPhaseTypeProject5.77100% Ownership4 & 5Senior LivingAdvikBhiwadi4.6773% Ownership3 & 4Premium HomesOMAJaipur0.0477.40% OwnershipPlazaElite HomesOne44Jaipur3.79100% Ownership3Kid-Centric HomesAarohamGurugram2.6265% Revenue Share5Premium HomesMalharPune 2.1380% Revenue Share4Senior LivingAmodhPune 6.00100% Ownership4 & 5Senior LivingVatsalyaChennai1.5250% of the Profits4Senior LivingSwarang*Chennai4.37100% Ownership2Premium HomesAangan NeemranaNeemrana30.91TotalFuture Projects •Ashiana Swarang is acquired by Kairav Developers Ltd. (a joint venture company with equal economic interest of Ashiana Housing Ltd. and Arihant Foundations •In some of the projects, saleable area has been updated as per latest/revised phasing plan.
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Investor Presentation Sept 2026 | Ashiana Housing Limited2525 Proposed DevelopmentEstimated Saleable Area (lakh sq. ft.)Estimated Area (Acres)Land/ Project NameLocationSenior Living18.9022.71Aaranya (MWC Chennai)ChennaiSenior Living4.508.83Wavrale, Raigad (Maharashtra)PuneSenior Living7.007.00Tattvam, Panvel(Maharashtra)PuneSenior Living20.0028.55Vadgaon, Maval Pune50.4067.09TotalLand available for Future Development Note: Milakpur Land, with estimated area 40.63 Acres and potential Saleable area 31 lakh sq. ft., is under acquisition and company’s writ petition is pending before the Hon’ble High Court of Rajasthan against acquisition.
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Investor Presentation Sept 2026 | Ashiana Housing Limited2626 Completed Projects having Inventory Balance Inventory (lakh sq. ft.)Booked Area(lakh sq. ft.)Saleable Area(lakh sq. ft.)TypeEconomic InterestPhaseProjectsLocation 0.01 0.01 0.02 Premium Homes100% OwnershipPlazaSurbhiBhiwadi0.02 0.02 0.04 Premium Homes100% OwnershipPhase 1 (Shops)Aangan NeemranaNeemrana0.09 0.59 0.68 Premium Homes50% of the ProfitsAllRangoli Gardens PlazaJaipur0.02 3.56 3.58 Premium Homes75% Revenue SharePhase 1Ashiana AmantranJaipur0.02 3.77 3.79 Premium Homes75% Revenue SharePhase 3Ashiana AmantranJaipur0.30 0.97 1.27 Premium Homes80.2% Revenue SharePhase 1Ashiana NitaraJaipur0.01 2.61 2.62 Premium Homes65% Revenue SharePhase 1Ashiana MalharPune0.03 1.97 2.00 Premium Homes100% OwnershipPhase 5DwarkaJodhpur0.02 1.66 1.68 Premium Homes81% Revenue SharePhase 1NavrangGujarat0.024.434.45Kid-Centric Homes100% OwnershipPhase 5UmangJaipur0.151.982.13Senior Living100% OwnershipPhase 1Utsav LavasaPune0.081.691.77Senior Living100% OwnershipPhase 2Utsav LavasaPune0.020.590.61Senior Living100% OwnershipPhase 3Utsav LavasaPune0.7923.8524.63Total
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27 Financial Highlights
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Investor Presentation Sept 2026 | Ashiana Housing Limited2828 QoQQ1-FY27YoYQ2-FY27Q2-FY26Particulars (INR Cr)436%107.44248%575.69165.58Revenue from Operations416%99.90278%515.76136.45Operating Expenses695%7.54106%59.9329.13EBITDA7.02%10.41%17.59%EBITDA Margin (%)1%3.28-2%3.313.39Depreciation8%0.2749%0.290.20Finance Cost3%12.3119%12.6310.60Other Income323%16.3091%68.9636.15PBT Before Exceptional Items-----Exceptional Items323%16.3091%68.9636.15PBT 460%3.20108%17.938.62Taxes289%13.1185%51.0327.54PAT10.94%8.67%15.63%PAT Margin (%)-81%0.54-87%0.100.77Other Comprehensive Income275%13.6581%51.1328.30Total Comprehensive Income275%1.3681%5.092.82Diluted EPS (INR per share) Quarterly Consolidated Income Statement
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Investor Presentation Sept 2026 | Ashiana Housing Limited2929 YoYH1-FY27H1-FY26Particulars (INR Cr)49%683.13458.34Revenue from Operations48%615.66417.37Operating Expenses65%67.4740.97EBITDA9.88%8.94%EBITDA Margins (%)-1%6.596.68Depreciation-15%0.560.66Finance Cost21%24.9520.56Other Income57%85.2754.20PBT Before Exceptional Items---Exceptional Items57%85.2754.20PBT 52%21.1313.94Taxes59%64.1440.26PAT9.06%8.41%PAT Margins (%)-51%0.641.31Other Comprehensive Income56%64.7841.57Total Comprehensive Income57%6.444.14Diluted EPS (INR per share) Half Yearly Consolidated Income Statement
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Investor Presentation Sept 2026 | Ashiana Housing Limited3030 Historical Consolidated Income StatementFY26FY25FY24Particulars (INR Cr)1,143.01528.72943.80Revenue from Operations1,013.50511.22847.22Operating Expenses129.5117.4996.58EBITDA11.33%3.31%10.23%EBITDA Margins (%)13.3112.639.48Depreciation1.672.412.05Finance Cost44.4228.7322.72Other Income158.9531.19107.77PBT Before Exceptional Items-5.00-Exceptional Items158.9526.19107.77PBT41.067.9524.37Taxes117.8918.2483.40PAT9.93%3.27%8.63%PAT Margins (%)2.670.620.85Other Comprehensive Income120.5618.8684.24Total Comprehensive Income11.991.888.33Diluted EPS (INR per share)
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31 Key Indicators
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Investor Presentation Sept 2026 | Ashiana Housing Limited32327629087341,1921,798 1,937 2,421 FY24 FY25 FY26 H1-FY27Value of Sales (INR Cr)Historical Performance Indicators1,0621,4291,771896FY24 FY25 FY26 H1-FY27Collections (INR Cr)12.4511.7210.0813.0726.4026.9826.73FY24 FY25 FY26 H1-FY27Area Sold (lakh sq. ft.) 8.9410.9213.4012.7711.74 9.20 12.79 FY24 FY25 FY26 H1-FY27Equivalent Area Constructed (in lakh sq. ft.)6,8117,1799,0599,119FY24 FY25 FY26 H1-FY27Avg. Price Realization (INR)
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Investor Presentation Sept 2026 | Ashiana Housing Limited3333 9445291,143683FY24 FY25 FY26 H1-FY27Revenue from Operations (INR Cr)97181306710.23%3.31%11.33%9.88%0.00%10.00%20.00%020406080100120140FY24 FY25 FY26 H1-FY27EBITDA (INR Cr) & EBITDA Margins (%)8318118648.63%3.27%9.93%9.06%0.00%10.00%20.00% - 20 40 60 80 100 120 140FY24 FY25 FY26 H1-FY27PAT (INR Cr) and PAT Margins (%)770764860FY24 FY25 FY26Networth (INR Cr) Historical Financial Performance 322 445 785 - 100 200 300 400 500 600 700 800 900FY24 FY25 FY26Net Cash (INR Cr)11%2%15%0%2%4%6%8%10%12%14%16%FY24 FY25 FY26ROE ROE
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Investor Presentation Sept 2026 | Ashiana Housing Limited343461.11%8.12%8.07%22.70%Shareholding pattern (As on 30thSeptember, 2026)PromoterFIIsDIIsPublicPrice Data (As on 30thSeptember, 2026)10Face Value (INR)387.65Market Price (INR)448.00 / 269.9552 Week H/L (INR)38,968.13Market Cap (INR Mn)100,524,857Equity Shares Outstanding (No.)149.361 Year Avg. Trading Volume (‘000)-20.0%-10.0%0.0%10.0%20.0%30.0%40.0%Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26Stock Market Performance (As on 30thSeptember, 2026)AshianaNIFTY 50SensexCapital Market Data
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Investor Presentation Sept 2026 | Ashiana Housing Limited3535 Glossary: Key DefinitionsBooking valueValue of homes sold in the period (pre-sales), before revenue is recognisedRevenue recognitionRevenue is booked when homes are handed over, after the occupancy certificateEquivalent area constructedConstruction progress in sq ft, excluding EWS/LIG areaEconomic interestAHL’s share of a project: full ownership, revenue share or profit share with the land ownerPartnership projectsProjects held in JVs where AHL shares profits (e.g. Swarang, Aravali)GDVGross development value: expected total sales value of a projectCustomer handover vs RERA dateThe date promised to buyers, and the later legal completion deadlineLakh sq ft100,000 square feet; 10 lakh sq ft = 1 million sq ft
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Investor Presentation Sept 2026 | Ashiana Housing Limited3636 Ashiana Housing Ltd.No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information oropinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in thispresentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the managementof Ashiana Housing Limited (Company), which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans andstrategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance orachievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions.Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to placeundue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments.This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.Valorem Advisors Disclaimer:Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and datawhich the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall beplaced on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain allof the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. Disclaimer For further details, please feel free to contact our Investor Relations Representatives:Mr. Anuj SonpalValorem AdvisorsTel: +91-22-3507 5100Email:ashiana@valoremadvisors.comTo access the Investor Kit link and/or request a meeting click here: https://www.valoremadvisors.com/ashiana