Ajmera Realty to Redevelop Housing Society in Mumbai, Unlock INR 320 Cr Revenue

Ajmera Realty & Infra India (ARIIL) has taken a significant step in Mumbai’s urban transformation by signing an agreement to redevelop a housing society in Andheri West. The 0.5-acre project, located in Shastri Nagar, is expected to yield an estimated INR 320 crore in sales revenue, with a total carpet area of 71,300 sq. ft.

Strengthening Focus on Redevelopment & Urban Revitalization

The redevelopment project is part of Ajmera Realty’s ongoing expansion strategy, focusing on joint ventures, redevelopment, and joint development agreements. Shastri Nagar holds a special significance as it was originally developed by the Ajmera Group, making this redevelopment a testament to the company’s commitment to revitalizing key micro-markets in Mumbai.

Ajmera Realty’s Expanding Project Portfolio

With this new project, Ajmera Realty has now added four new developments, bringing its total gross development value (GDV) to INR 2,770 crore. This strategic expansion aligns with the company’s asset-light growth model, allowing it to scale operations while maintaining financial efficiency. The firm’s increasing focus on redevelopment projects highlights its intent to cater to the rising demand for modern, high-quality housing in Mumbai.

Sustainable Urban Transformation in Key Locations

Ajmera Realty is dedicated to sustainable and strategic urban development, ensuring that its projects not only enhance the city’s skyline but also improve livability and infrastructure. The redevelopment of this Andheri West housing society is expected to bring modern amenities, improved living standards, and increased property value for residents.

Impact on Mumbai’s Real Estate Market

The redevelopment boom in Mumbai’s prime areas, such as Andheri West, is contributing to the city’s real estate resurgence. Developers like Ajmera Realty are capitalizing on the demand for premium residential spaces, offering state-of-the-art infrastructure, smart home features, and eco-friendly designs. This project is expected to set a benchmark for future redevelopments in the city.

Key Highlights of Ajmera Realty’s Redevelopment in Mumbai:

• Ajmera Realty to redevelop a housing society in Andheri West, Mumbai.
• Project spans 0.5 acres in Shastri Nagar, a locality originally developed by the Ajmera Group.
• Expected sales revenue of INR 320 crore, with a total carpet area of 71,300 sq. ft.
• Part of Ajmera Realty’s redevelopment, joint venture, and joint development expansion strategy.
• Four new projects added, increasing the company’s gross development value (GDV) to INR 2,770 crore.
• Focus on sustainable urban transformation and premium housing solutions.
• Enhancing Mumbai’s real estate landscape with modernized living spaces and infrastructure.

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