Ajmera Realty to pump Rs 900 cr for residential project in Wadala
Real Estate

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

Ajmera Realty and Infra India will pump Rs 900 crore to build a housing project within the 100 acres master layout of Ajmera i-land in Wadala.

The project has about a 5 lakh sq ft carpet area for sale, with funding avenues for the said project coming in from a mix of internal accruals, construction finance loans from HDFC, and sales advances.

The firm estimates sales of Rs 1,500 crore from the project, which will include 540 residential flats and 18 retail shops. It will provide 2BHK and 3BHK flats configuration with carpet areas ranging from 750-794 sq ft and 977-1,225 respectively.

Development of the project has commenced and is likely to be achieved in five years. Hafeez Contractor has designed the project. Ajmera Realty claims to have registered a sales value of Rs 625 crore between April 2020 and September 2021 in Wadala.

Image Source

Also read: DLF launches Rs 3 crore residential project in Delhi

Ajmera Realty and Infra India will pump Rs 900 crore to build a housing project within the 100 acres master layout of Ajmera i-land in Wadala. The project has about a 5 lakh sq ft carpet area for sale, with funding avenues for the said project coming in from a mix of internal accruals, construction finance loans from HDFC, and sales advances. The firm estimates sales of Rs 1,500 crore from the project, which will include 540 residential flats and 18 retail shops. It will provide 2BHK and 3BHK flats configuration with carpet areas ranging from 750-794 sq ft and 977-1,225 respectively. Development of the project has commenced and is likely to be achieved in five years. Hafeez Contractor has designed the project. Ajmera Realty claims to have registered a sales value of Rs 625 crore between April 2020 and September 2021 in Wadala. Image Source Also read: DLF launches Rs 3 crore residential project in Delhi

Next Story
Real Estate

Brigade Signs JDA For Rs 10 Billion Chennai Project

Brigade Enterprises Limited, one of India’s leading real estate developers, has signed a Joint Development Agreement (JDA) for a prime 6.6-acre land parcel in West Chennai. The project carries an estimated Gross Development Value (GDV) of Rs 10 billion and will deliver a premium residential development that reflects the city’s evolving urban aspirations.Strategically located on a major arterial corridor, the site offers seamless connectivity to Chennai’s industrial and peripheral business districts, positioning it as an ideal location for an integrated, future-ready community.Commenting ..

Next Story
Infrastructure Urban

Kranti Industries, Kores Form JV For Precision Machining Unit

Kranti Industries Limited, a leading BSE-listed auto component and precision engineering firm, has announced a strategic joint venture with Kores Group to establish a state-of-the-art greenfield precision machining facility at Halol, Gujarat. The new entity, KRAKO Precision Private Limited, marks a major milestone in Kranti’s journey of expansion, diversification, and manufacturing excellence.The collaboration aims to combine the strengths of both companies in precision engineering, operational efficiency, and innovation to cater to the evolving demands of domestic and global customers.Key D..

Next Story
Infrastructure Energy

Arunachal Pradesh Inaugurates First Commercial Coal Mine at Namchik-Namphuk

Union Coal & Mines Minister G Kishan Reddy and Arunachal Pradesh Chief Minister Pema Khandu inaugurated the Namchik-Namphuk coal mine in Changlang district on Monday, marking the state’s first commercial coal mining project.The ceremony included a ‘bhumi pujan’, a tree plantation drive, and the handover of the mining lease along with the flagging off of tools and machinery by Coal Projects (CPPL), officially commencing mining operations.Addressing the gathering, Minister Reddy called the launch “a symbol of new hope and a significant step towards energy security and regional develo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?