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Late Shri Om Prakash Gupta

Ashiana Housing Limited

Om Gupta founded Ashiana Housing and helped it reach unmatched professional heights is no secret. That Om Gupta gave middle income housing a unique stature in India and pioneered retirement housing is a story that everyone knows. What is unknown is his uncompromising vision – of creating a respectable housing brand that cared about people and their dreams. It was a vision that saw success in inclusivity – a business plan that focused on creating an organisation that would take others along on its growth path, of creating products that would enhance the lifestyles of those who bought them. At Ashiana Housing today, we continue to be guided by his vision, mission and principles.

Read on to know more about the man who once said: “These are not ‘buildings’- these are homes for families. I want them to continue to be a source of pride and joy and to help instil community feelings." Link to Wisdom from the Heart.

Life and management lessons from the founder of Ashiana.

OUR JOURNEY

It was 1979 and India was slowly moving into the neoliberal age. Middle class India, on its ride along the country’s growth story, was desperate for good quality housing that was hard to find in its budget range. It was against this background that Om Gupta set up Ashiana Housing as a game changer. Ashiana Housing was to give to the middle-class home owner features that were hitherto seen only in higher income level group housing: top quality construction, manicured lawns, expanse of greenery, children’s play areas, swimming pools, clubs, a calendar of social activities for the whole family, and a full roster of maintenance services.

As bottomline grew healthier and awards started pouring in, Ashiana Housing walked on another unique path – it pioneered the retirement home movement in India where seniors could lead safe, active, enjoyable and comfortable lives. Here was a company that focused on needs over trends, quality rather than quantity, and people instead of profit margins.

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    Established in Patna as the first organised professional developer

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    Started operations in Jamshedpur

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    Incorporation of Ashiana Housing & Finance (India) Limited

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    Shifted the head office to Delhi. Started operations in Bhiwadi (Delhi-NCR)

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    Ashiana Housing gets listed on the Bombay Stock Exchange (BSE)

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    Ashiana Maintenance Services Limited becomes Ashiana Housing’s subsidiary company

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    Started operations in Neemrana

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    Launched our first Senior Living project in Bhiwadi (Delhi-NCR)

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    Started operations in Jaipur

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    Started operations in Jodhpur

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    Started operations in Lavasa.

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    Issued bonus shares in the ratio of 5:2.

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    Completed our first Senior living project in Bhiwadi

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    Treehouse – hotel and club started in Bhiwadi

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    Launched Rangoli Gardens in Jaipur, the largest project of the company till date.

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    Ashiana Housing gets listed on the National Stock Exchange (NSE)

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    Forbes rates Ashiana Housing among Asia’s Best under a Billion Dollar Companies twice in a row

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    Launched our first Assisted Living project, Utsav Care homes, in Bhiwadi (Delhi-NCR)

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    Started operations in Halol (Gujarat)

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    Successfully raised 200 Cr from investors through QIP

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    Won the The Best Budget Apartment Project of the Year by NDTV PROFIT 2015 for Rangoli Gardens in Jaipur, Rajasthan

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    Started operations in South of Gurgaon (Sohna) and in Chennai

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    Successfully obtained approval from Shareholders for raising debt through debentures

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