+
 Ajmera Realty to invest Rs 110 cr for housing redevelopment in Mumbai
Real Estate

Ajmera Realty to invest Rs 110 cr for housing redevelopment in Mumbai

Ajmera Realty and Infra India Limited told the media that the company will invest Rs 110 crore to redevelop a housing society in Mumbai.

The company has executed a development agreement to undertake Fairyland Co-operative Housing Society in Juhu, Mumbai, for redevelopment.

Ajmera Realty said that the company would invest nearly Rs 110 crore for redeveloping the housing society as a part of its strategy to expand its footprint and build residential properties in Mumbai.

The Mumbai housing redevelopment project will be funded via debt and equity, and the overall sales volume is estimated at Rs 150 crore.

The company will build 39 flats, from which 24 will be provided to the existing tenants. The rest 15 will be available for sale to new homebuyers.

Director of Ajmera Realty, Dhaval Ajmera, informed the media that many old buildings in Mumbai are deteriorating. There is an option to redevelop old residential buildings into new real estate assets with all the amenities and wellness quotient per the contemporary relevance.

Image Source

Also read: BMC to incentivise developers for housing redevelopment

Ajmera Realty and Infra India Limited told the media that the company will invest Rs 110 crore to redevelop a housing society in Mumbai. The company has executed a development agreement to undertake Fairyland Co-operative Housing Society in Juhu, Mumbai, for redevelopment. Ajmera Realty said that the company would invest nearly Rs 110 crore for redeveloping the housing society as a part of its strategy to expand its footprint and build residential properties in Mumbai. The Mumbai housing redevelopment project will be funded via debt and equity, and the overall sales volume is estimated at Rs 150 crore. The company will build 39 flats, from which 24 will be provided to the existing tenants. The rest 15 will be available for sale to new homebuyers. Director of Ajmera Realty, Dhaval Ajmera, informed the media that many old buildings in Mumbai are deteriorating. There is an option to redevelop old residential buildings into new real estate assets with all the amenities and wellness quotient per the contemporary relevance. Image Source Also read: BMC to incentivise developers for housing redevelopment

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code