Ajmera Realty to develop residential project in Wadala

19 Jan 2022 CW Team

Ajmera Realty and Infra India have announced that the company will develop the next phase of the residential project in Wadala as a part of its 100-acre master layout of Ajmera i-land in Mumbai.

The project will spread across a 5,00,000 sq ft carpet area and the construction finance loan will be acquired from HDFC Bank and sales advances. The residential plot will have 540 flats and 18 retail shops with an estimated sales value of Rs 1,500 crore.

The project will have construction work of two wings, totalling 540 residential flats, which will be close to the 35 acres garden located within the township.

The configuration of the apartments for 2BHK and 3BHK will range from 750-794 Real Estate Regulatory Authority carpet area (RERA CA) and 977-1225 RERA CA, respectively. The construction work has started, and the project is expected to complete within five years. Hafeez Contractor is designing the project.

The company has done sales worth more than Rs 2,000 crore and total sales of 1.3 million sq ft in Wadala over the last decade. In Wadala, it registered a sales value of Rs 625 crore from April 2020 to September 2021 at the time of the Covid pandemic.

Image Source

Also read: Ajmera Realty to pump Rs 900 cr for residential project in Wadala

Also read: Ajmera Realty to invest Rs 110 cr for housing redevelopment in ...

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..