Ajmera Realty Appointed for Redevelopment Project in Andheri West, Mumbai; Targets INR 320 Crores in Sales Revenue
Ajmera Realty & Infra India Limited, a leading real estate company in Mumbai and Bengaluru, has been appointed as the developer for the redevelopment of Ascot Co-operative Housing Society Limited in Shastri Nagar, Andheri West, Mumbai. The project, which will be developed in a single phase, covers a total land area of 2,319 sq. mt. and is expected to generate an estimated sales revenue of INR 320 crores with a total estimated carpet area of about 71,300 sq. ft. This development aligns with Ajmera Realty's strategy to diversify its portfolio by expanding its inorganic growth through asset-light acquisitions, including an increasing focus on redevelopment projects. The project will further strengthen the Company’s presence in Mumbai’s growing micro-markets.
Key Highlights
- Ajmera Realty appointed as the developer for the redevelopment of Ascot Co-operative Housing Society Limited in Andheri West, Mumbai.
- The project covers a total land area of 2,319 sq. mt and is expected to generate an estimated sales revenue of INR 320 crores.
- The redevelopment aligns with Ajmera Realty's strategy to diversify its portfolio and expand its inorganic growth through asset-light acquisitions.
- The project will strengthen Ajmera Realty's presence in Mumbai’s growing micro-markets.
- The location offers a well-rounded urban lifestyle with access to various amenities and excellent metro connectivity.