5 Easy Facts About ajmera vikhroli Described

This latest land acquisition in Vikhroli aligns with our goal of strengthening our footprint across real-estate micro markets in Mumbai & Mumbai region. This micro-market place at Vikhroli is strategically well-located and retains immense prospective, with a good market place atmosphere.

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While using the complexities linked to obtaining land, the extensive gestation durations for projects and cyclical character from the organization, housing providers in India tend to be family members controlled. Ajmera is exclusive in that it's got 3 generations in the family Performing inside the company simultaneously.

Ajmera Vikhroli offers an architectural masterpiece that captivates the senses. The meticulously crafted towers rise majestically, featuring panoramic sights of town skyline and surrounding environmentally friendly landscapes.

In keeping with him, this acquisition aligns with the corporate's 5x progress approach and it has expanded its start pipeline for The existing fiscal calendar year to include 4 tasks Using the likely to create an estimated total income price of Rs two,570 crores.

Ajmera Group Vikhroli concentrates on crafting magnificent residing Areas that cater to the modern relatives's demands. Their residential initiatives ordinarily feature:

The business is intending to acquire a household challenge on the explained land parcel and the identical is approximated to offer gross income price of Rs 550 crores.

In line with KG Krishnamurthy, independent director of Ajmera Realty, a critical missing link within their portfolio is definitely the “absence of rent yielding industrial real estate property belongings”. Krishnamurthy, who stepped down in September 2024 through the board, were advising the corporation on how to build a more resilient portfolio.

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The land acquisition is part of Ajmera Realty's advancement tactic, to continue broadening its scope in more recent micro-markets across the Mumbai & Mumbai Metropolitan Location (MMR) the place residential profits have accelerated and is predicted to improve more.

We will be able to take a look at the potential developments and aspects that may impact their future developments, despite the fact that distinct details about Ajmera Realty’s forthcoming initiatives in Vikhroli will not be available to most people presently:

While it has a land lender of eleven.1 million sq ft the company views it as a Uncooked product that has to be became apartments swiftly. Look at this to your 1 million sq ft it really is establishing At the moment and the company has a lengthy progress runway in advance. 

The shown realty growth organization has acquired the land parcel through its wholly-owned subsidiary Shree Yogi Realcon. The company has already compensated the earnest dollars for this transaction.

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