+
 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
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code