Ajmera Realty Acquires Land Parcel in Ghatkopar East
Real Estate

Ajmera Realty Acquires Land Parcel in Ghatkopar East

Ajmera Realty & Infra India (ARIIL) has acquired a 1,341.1 sq. mt. premium land parcel in Ghatkopar East, Mumbai. This acquisition, secured through a competitive bidding process with KJ Somaiya Trust at a cost of Rs 0.51 billion. With the earnest money paid and an MoU in place, the project is expected to yield a carpet area of ~44,000 sq. ft., with an estimated GDV of Rs 1.75 billion, said the BSE filing.

Situated in Ghatkopar East, a well-established locality with a rising demand for spacious, high-end living, the company sees significant potential to launch an ultra-luxury project in this prime neighbourhood. The locale demand for affluent living standards and premium, high-configuration apartments makes it an ideal location for such a development. This new acquisition further strengthens the company’s presence in the Central Mumbai market, reinforcing its commitment to delivering top-tier residential projects tailored to evolving customer preferences.

Commenting on the development, Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, ""The acquisition of this land parcel represents a key step toward our long-term goal of expanding into prominent real estate hotspots across the megapolis. Ghatkopar, as a micro-market, has become an attractive destination for homebuyers in the Eastern suburbs, and this outright acquisition, backed by our robust cash flow position, further strengthens our growth strategy.

This micro-market is distinguished by its unique characteristics and significant potential, driven by the rising demand for luxury and ultra-luxury homes. With this acquisition, we aim to meet the demand for premium living spaces while reinforcing our presence in the eastern and fast-evolving suburbs of the city. Moreover, this move aligns perfectly with our vision of achieving 5x growth, as we remain dedicated to delivering exceptional value to our stakeholders and seizing emerging opportunities in the real estate sector.

Ajmera Realty & Infra India (ARIIL) has acquired a 1,341.1 sq. mt. premium land parcel in Ghatkopar East, Mumbai. This acquisition, secured through a competitive bidding process with KJ Somaiya Trust at a cost of Rs 0.51 billion. With the earnest money paid and an MoU in place, the project is expected to yield a carpet area of ~44,000 sq. ft., with an estimated GDV of Rs 1.75 billion, said the BSE filing.Situated in Ghatkopar East, a well-established locality with a rising demand for spacious, high-end living, the company sees significant potential to launch an ultra-luxury project in this prime neighbourhood. The locale demand for affluent living standards and premium, high-configuration apartments makes it an ideal location for such a development. This new acquisition further strengthens the company’s presence in the Central Mumbai market, reinforcing its commitment to delivering top-tier residential projects tailored to evolving customer preferences.Commenting on the development, Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, The acquisition of this land parcel represents a key step toward our long-term goal of expanding into prominent real estate hotspots across the megapolis. Ghatkopar, as a micro-market, has become an attractive destination for homebuyers in the Eastern suburbs, and this outright acquisition, backed by our robust cash flow position, further strengthens our growth strategy.This micro-market is distinguished by its unique characteristics and significant potential, driven by the rising demand for luxury and ultra-luxury homes. With this acquisition, we aim to meet the demand for premium living spaces while reinforcing our presence in the eastern and fast-evolving suburbs of the city. Moreover, this move aligns perfectly with our vision of achieving 5x growth, as we remain dedicated to delivering exceptional value to our stakeholders and seizing emerging opportunities in the real estate sector.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code