India, May 22 -- Ashiana Housing will invest nearly Rs.560 crore to develop a residential project in Jaipur. The company has launched the first phase of its project, 'Ashiana Oma', located on Ajmer Road in Jaipur, it said in a statement on May 22.

Ashiana Housing said it plans to invest Rs.186 crore in the first phase, with a total investment for the entire project estimated at Rs.558 crore.

This is a joint venture project with a revenue-sharing arrangement between the company and its development partner.

"Ashiana Oma is a joint venture project with a revenue-sharing arrangement between the company and its development partner. The total estimated project cost is approximately Rs.558.60 crore, while the estimated investment for Phase 1 ...