Ashiana Housing, a real estate developer, has entered into an understanding for development of a 'Regular Group Housing Project', on 7 acres (approx.) of land with saleable area of 5.60 lakhs sq. ft. (approx.).

The land for the proposed project is situated at Village Asangi, Thana no. 126, Adityapur, Jamshedpur.

Ashiana Housing is engaged in construction of buildings. The company operates in real estate segment. 

Shares of the company gained Rs 0.75, or 0.42%, to trade at Rs 180 at the BSE (Tuesday).