Ajmera Realty’s Bengaluru project launch sees strong festive sales
Company News

Ajmera Realty’s Bengaluru project launch sees strong festive sales

In a landmark achievement, Ajmera Realty & Infra India (ARIIL) launched a residential project – Ajmera Iris in Electronic City, Phase 2, Bengaluru. ARIIL sold 59,000 sq. ft. out of 1,58,859 sq. ft in the project for value of Rs 60 crores, which represents about 37 percent of ARIIL’s inventory sold, achieved within a week of its launch following RERA registration.

ARIIL has reinforced its industry leadership with impressive pre-sales for its latest project, Ajmera Iris, in Bengaluru’s sought-after Electronic City. The project offers a wide of range of lifestyle amenities for an enhanced living experience. Strategically located near major infrastructure like Hosur Road and the Bengaluru Metro-Rail Network, Ajmera Iris combines proximity to top MNCs and IT hubs with access to natural surroundings, creating an ideal blend of convenience and quality living for residents.

Commenting on the launch, Dhaval Ajmera, Director, Ajmera Realty and Infra India, said, “The real estate market of Bengaluru is witnessing a significant rise in demand for quality and spacious living, driven by a robust job market and strong purchasing power in the Startup Hub of India.

The idea to launch Ajmera IRIS is influenced by this upbeat sentiment among homebuyers and investors alike. We have witnessed a tremendous response and recorded stellar pre-sales within a matter of days of the launch. A strategic expansion of our portfolio in this micro-market, this venture is in line with our guidance for the year and is a strong testimony to our ambitious 5x growth.”

In a landmark achievement, Ajmera Realty & Infra India (ARIIL) launched a residential project – Ajmera Iris in Electronic City, Phase 2, Bengaluru. ARIIL sold 59,000 sq. ft. out of 1,58,859 sq. ft in the project for value of Rs 60 crores, which represents about 37 percent of ARIIL’s inventory sold, achieved within a week of its launch following RERA registration.ARIIL has reinforced its industry leadership with impressive pre-sales for its latest project, Ajmera Iris, in Bengaluru’s sought-after Electronic City. The project offers a wide of range of lifestyle amenities for an enhanced living experience. Strategically located near major infrastructure like Hosur Road and the Bengaluru Metro-Rail Network, Ajmera Iris combines proximity to top MNCs and IT hubs with access to natural surroundings, creating an ideal blend of convenience and quality living for residents.Commenting on the launch, Dhaval Ajmera, Director, Ajmera Realty and Infra India, said, “The real estate market of Bengaluru is witnessing a significant rise in demand for quality and spacious living, driven by a robust job market and strong purchasing power in the Startup Hub of India.The idea to launch Ajmera IRIS is influenced by this upbeat sentiment among homebuyers and investors alike. We have witnessed a tremendous response and recorded stellar pre-sales within a matter of days of the launch. A strategic expansion of our portfolio in this micro-market, this venture is in line with our guidance for the year and is a strong testimony to our ambitious 5x growth.”

Next Story
Infrastructure Transport

Sikkim Seeks Double Lane Link to Siliguri

Sikkim Chief Minister Prem Singh Tamang has pressed the National Highways and Infrastructure Development Corporation Limited (NHIDCL) to design a standard double lane highway between the state and Siliguri in West Bengal. Meeting NHIDCL Managing Director Krishan Kumar and his team in Gangtok, the Chief Minister highlighted persistent landslides and weather related disruptions on the existing Sevoke–Gangtok corridor.He called for a long term, reliable solution that would keep traffic moving year round, especially during the monsoon season. NHIDCL officials said a consultant has alread..

Next Story
Infrastructure Transport

Centre Clears Rs 36.67 Bn Road Plan for Himachal

Public Works Minister Vikramaditya Singh announced that the Union Government has sanctioned Rs 36.67 billion for the construction and upgrade of roads, bridges and related infrastructure across Himachal Pradesh in 2024 25. The funding—part of the Chief Minister’s revised annual proposal—covers carriageway widening, crash barrier installation and bridge works on national highways.The Minister said the state previously received only Rs 2.69 billion against a 2023 24 request for Rs 26 billion, prompting fresh talks with Union Road Transport and Highways Minister Nitin Ga..

Next Story
Infrastructure Transport

GDA Drafts Rs 1.93 Billion Plan to Extend Hindon Elevated Road

The Ghaziabad Development Authority (GDA) has prepared a Detailed Project Report (DPR) to add two ramps to the 10.3 kilometre Hindon Elevated Road, giving commuters in Vasundhara and Indirapuram quicker access to Delhi and Raj Nagar Extension. The extension is costed at about Rs 1.93 billion and will be sent to the Uttar Pradesh government for funding, potentially under the Sixteenth Finance Commission.At present, the signal free corridor runs from Raj Nagar Extension to UP Gate on the Delhi border, with a single down ramp at Kanawani and an up ramp at Vasundhara. The new design intr..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?