Ashiana Housing has entered the Chennai market by signing a development agreement, on revenue sharing basis, with Escapade Real Estate for development of a 'Senior Living Project' as well as 'Regular Group Housing Project', on 20 acres (approx.) of land with saleable area of 9.70 lakhs sq ft (approx.).

The proposed project is coming up at Sengundaram village, Maraimalai Nagar, off. GST Road, Chennai (Tamil Nadu).

Shares of the company declined Rs 3.9, or 1.85%, to settle at Rs 207.30. The total volume of shares traded was 10,072 at the BSE (Thursday).