Realty News
Ashiana Housing launches second phase of senior-living project near Kolavai Lake
Ashiana Housing Ltd launched Phase 2 of Ashiana Vatsalya, its senior-living project near Kolavai Lake in Chennai, in October 2025. The phase adds 430 apartments in 1, 2 and 3 BHK configurations, with reported all-inclusive prices ranging from ₹75 lakh to ₹1.61 crore.
| Developer | Ashiana Housing Ltd. |
|---|---|
| Location | Mahindra World City, GST Road, near Kolavai Lake, Chennai |
| Project | Senior-living apartments |
| Phase 2 launch | October 2025 |
| Phase 2 homes | 430 units; 1, 2 and 3 BHK |
| Reported price range | ₹75 lakh to ₹1.61 crore, all-inclusive |
| Possession | July 2028, according to the developer's press release |
| Phase 1 RERA | TN/35/Building/0046/2024 |
Phase 2 adds 430 homes
The Phase 2 launch was reported in October 2025. The 430 newly introduced units form part of a project planned for 1,114 homes across its phases. The site for Phase 2 is reported as 2.73 acres. Ashiana registered 28 expressions of interest for the phase before launch.
The project is aimed at senior living. The company identifies Indian citizens above 55 as its target group, with priority for families seeking independent senior living.
Configurations, prices and timeline
Phase 2 offers 1, 2 and 3 BHK apartments. Reported sizes range from 891 sq ft for a 1 BHK to 1,530 sq ft for a 3 BHK; the 2 BHK configuration is listed at 1,248 sq ft. The reported all-inclusive price band at launch was ₹75 lakh to ₹1.61 crore.
The developer's press release gives July 2028 as the expected possession timeline. Phase 1, launched in March 2024, has a separate RERA registration: TN/35/Building/0046/2024. Phase 2 does not have a RERA number documented in the available project information.
Location and local context
Ashiana Vatsalya is located at Mahindra World City on GST Road, in the Paranur area of Chengalpattu district, near Kolavai Lake. Mahindra World City is an integrated business city with IT, auto-ancillary, and apparel and fashion accessories SEZs. Paranur railway station serves the Chennai Beach–Chengalpattu suburban railway section.
The project’s location combines access to the GST Road corridor and an established employment centre. GST Road is also reported as a traffic bottleneck for Mahindra World City. Phase 1 had sold 205 of its 258 units and generated more than ₹167 crore in sales, providing an indication of demand for the project’s first phase.
Development phases
Frequently asked questions
Where is Ashiana Vatsalya?
The project is at Mahindra World City on GST Road, near Kolavai Lake, in the Paranur area of Chennai.
What is the status of Ashiana Vatsalya Phase 2?
Phase 2 was launched in October 2025. Construction was reported as ongoing in April 2026.
What apartment configurations are offered in Phase 2?
Phase 2 offers 1, 2 and 3 BHK apartments. Reported sizes range from 891 sq ft to 1,530 sq ft.
What is the reported price range?
The reported all-inclusive price range at launch was ₹75 lakh to ₹1.61 crore.
When is possession expected?
The developer's press release gives July 2028 as the expected possession timeline.
Does Phase 2 have a RERA number?
The project information documents a RERA registration for Phase 1, TN/35/Building/0046/2024. A Phase 2 RERA number is not included.