Thu. Sep 21st, 2023
    Ajmera Realty Secures Redevelopment Project for 4 Societies at Yogi Nagar

    Ajmera Realty, a leading real estate developer, has secured a redevelopment project for four societies at Yogi Nagar in Borivali. According to a regulatory filing, the project aims to generate sales of Rs 330 crore.

    The Yogi Nagar development project is part of a larger township project. The four societies within this township will undergo redevelopment, primarily consisting of 2 and 3 BHK residential apartments. The estimated carpet area of the project is 1,07,000 sq.ft.

    The project is scheduled for launch in the first half of 2024 with an estimated completion duration of three and a half years. Situated in Borivali West, the project benefits from its proximity to various social, educational, healthcare, and commercial amenities. This includes amusement parks, recreation centers, prominent hospitals, educational institutions, and retail and commercial establishments.

    Dhaval Ajmera, the Director of Ajmera Realty, expressed the company’s commitment to providing revolutionary homes and a modern lifestyle without compromising on the trusted vicinity. The project aligns with the company’s vision of tapping into the potential of rapidly growing micro markets and focusing on a mix of redevelopment, joint ventures, asset light acquisitions, and unlocking the value of their owned land bank.

    Ajmera Realty aims to accelerate its 5-fold growth strategy by enhancing its launch pipeline and delivering on its objectives.

    – BSE
    – Regulatory filing

    Note: The original source article and its contents have been paraphrased and expanded upon to create a new article.