• Home
  • News
  • Apps
  • Guides
  • Tech
  • Gaming
  • Apple
  • Mobile
  • Windows
  • Hardware

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Saare Jahan Se Acha OTT Launch Date: When and The place to Watch Pratik Gandhi Starrer Film

Perplexity’s macOS App Will get Help for Anthropic’s MCP for System Duties: This is Learn how to Use It

Tesla buyers develop cautious of Elon Musk robotaxi guarantees

Facebook Twitter Instagram
Tech Crowder
  • Home
  • News
  • Apps
  • Guides
  • Tech
  • Gaming
  • Apple
  • Mobile
  • Windows
  • Hardware
Facebook Twitter Instagram
Tech Crowder
Home»Latest Posts»Ajmera Realty to develop two residential initiatives in Mumbai, Bengaluru for ₹470 crore
Latest Posts

Ajmera Realty to develop two residential initiatives in Mumbai, Bengaluru for ₹470 crore

Rudra SharmaBy Rudra SharmaUpdated:No Comments3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
Ajmera Realty to develop two residential initiatives in Mumbai, Bengaluru for ₹470 crore
Share
Facebook Twitter LinkedIn Pinterest Telegram Email

Ajmera Realty & Infra on September 29 introduced that it could be growing two residential initiatives – one every in Mumbai and Bengaluru – for an estimated cumulative gross improvement worth (GDV) of ₹470 crore. 

Advertisement

In Mumbai, it has secured the mission below Slum Rehabilitation Act (SRA) for redeveloping an space spanning 6.8 acres within the metropolis’s Bhandup suburb. The mission has a “sale potential of 1 million sq. toes (carpet)”, the corporate stated in a launch.

To execute the mission, Anirdesh Builders, a subsidiary of Ajmera Realty, has signed an settlement with the landowners. “The preliminary part of this improvement is estimated to be of round 1.7 lakh sq ft (carpet) with GDV of ~ ₹320 crore,” the actual property main stated.

The Mumbai-based mission marks the start of “our reasonably priced portfolio”, focusing on the sub- ₹1 crore phase, scheduled for launch in December 2023, the corporate added.

Thrilling information! Mint is now on WhatsApp Channels. Subscribe at the moment by clicking the hyperlink and keep up to date with the newest monetary insights!” Click on right here!

“The central suburbs of Mumbai have emerged as a chief attraction, significantly amongst first-time homebuyers. Because the demand for mid-segment housing is changing into the brand new mainstream throughout Mumbai MMR, we’re poised to serve the reasonably priced housing market. We anticipate robust gross sales velocity, leveraging our established presence within the central Mumbai belt, from Wadala to Ghatkopar to Vikhroli, and now increasing to Bhandup,” Dhaval Ajmera, Director, Ajmera Realty.

In Bengaluru, ARIIL SPV, one other subsidiary of Ajmera, has entered right into a Joint Improvement Settlement with the landowner, “for a 69 % stake”, to develop a residential mission near the Digital Metropolis Section 2, the discharge famous.

The mission boasts a complete improvement potential of round 2.43 lackh sq ft. The Ajmera subsidiary anticipates including about ₹150 crore to its topline, with a carpet gross sales space of about 1.62 lakh sq ft, it added.

“The rise within the Electronics metropolis’s residential demand is carefully tied to the strong resurgence of the IT sector, which has constantly pushed the necessity for housing within the space,” Dhaval Ajmera identified.

 

“Thrilling information! Mint is now on WhatsApp Channels 🚀 Subscribe at the moment by clicking the hyperlink and keep up to date with the newest monetary insights!” Click on right here!

Catch all of the Expertise Information and Updates on Stay Mint.
Obtain The Mint Information App to get Every day Market Updates & Stay Enterprise Information.

Extra
Much less

Up to date: 29 Sep 2023, 07:19 PM IST

Matters

Advertisement
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Rudra Sharma
  • Website

Techcrowder is an imprint of Authority Media dedicated to consumer electronics and digital services. Beyond our expertise in mobile tech, our coverage has expanded to include everything from robot vacuums to streaming services to innovations in artificial intelligence.

Related Posts

Tesla buyers develop cautious of Elon Musk robotaxi guarantees

Sundar Pichai hits $1.1 billion internet value as Alphabet’s AI-led surge provides over $1 trillion in worth

CoreWeave broadcasts $1.5 billion bond sale

Mark Zuckerberg’s Meta recruits two key Apple AI engineers after luring staff chief

Joby Aviation says it’s doubling manufacturing manufacturing

Amazon Prime Day Sale 2025: Greatest earphones and headphone offers with as much as 70% off

Leave A Reply Cancel Reply

Advertisement
Recent Posts
  • Saare Jahan Se Acha OTT Launch Date: When and The place to Watch Pratik Gandhi Starrer Film
  • Perplexity’s macOS App Will get Help for Anthropic’s MCP for System Duties: This is Learn how to Use It
  • Tesla buyers develop cautious of Elon Musk robotaxi guarantees
  • Apple Expands App Retailer Age Score System With Extra Granular Classes
  • Video-Sharing App Vine Is Returning ‘In AI Type’, Says Elon Musk
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Entertainment

Saare Jahan Se Acha OTT Launch Date: When and The place to Watch Pratik Gandhi Starrer Film

Netflix is all set to launch a gripping thriller drama starring Pratik Gandhi and Sunny…

Perplexity’s macOS App Will get Help for Anthropic’s MCP for System Duties: This is Learn how to Use It

Tesla buyers develop cautious of Elon Musk robotaxi guarantees

Apple Expands App Retailer Age Score System With Extra Granular Classes

Advertisement
Latest Posts

Saare Jahan Se Acha OTT Launch Date: When and The place to Watch Pratik Gandhi Starrer Film

Perplexity’s macOS App Will get Help for Anthropic’s MCP for System Duties: This is Learn how to Use It

Tesla buyers develop cautious of Elon Musk robotaxi guarantees

Apple Expands App Retailer Age Score System With Extra Granular Classes

Video-Sharing App Vine Is Returning ‘In AI Type’, Says Elon Musk

OpenAI Lastly Rolling Out ChatGPT Agent for Eligible Customers After Week-Lengthy Delay

OTT Releases This Week (July 21 – July 27): Mandala Murders, Ronth, Rangeen, and Extra

Sundar Pichai hits $1.1 billion internet value as Alphabet’s AI-led surge provides over $1 trillion in worth

Categories
  • Apps
  • Entertainment
  • Gadgets
  • Gaming
  • Latest Posts

Saare Jahan Se Acha OTT Launch Date: When and The place to Watch Pratik Gandhi Starrer Film

Perplexity’s macOS App Will get Help for Anthropic’s MCP for System Duties: This is Learn how to Use It

Tesla buyers develop cautious of Elon Musk robotaxi guarantees

Apple Expands App Retailer Age Score System With Extra Granular Classes

Recent Posts
  • Saare Jahan Se Acha OTT Launch Date: When and The place to Watch Pratik Gandhi Starrer Film
  • Perplexity’s macOS App Will get Help for Anthropic’s MCP for System Duties: This is Learn how to Use It
  • Tesla buyers develop cautious of Elon Musk robotaxi guarantees
  • Apple Expands App Retailer Age Score System With Extra Granular Classes
  • Video-Sharing App Vine Is Returning ‘In AI Type’, Says Elon Musk
Pages
  • About Us
  • Contact Us
  • Disclaimer
  • Homepage
  • Privacy Policy
© 2022 Techcrowder.com
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.

Like Us
Follow Us
Subscribe Us
Follow Us