Ajmera Realty Boosts Growth with Strategic Andheri Redevelopment

Ajmera Realty & Infra India (ARIIL) has signed an agreement to redevelop a housing society in Andheri West, Mumbai, covering over 0.5 acres. The project will offer a total carpet area of 71,300 sq. ft. and is expected to generate an estimated sales revenue of Rs 320 crore.

Situated in Shastri Nagar, a neighborhood originally developed by the Ajmera Group, this redevelopment reinforces the company’s strategic focus on asset-light acquisitions, joint ventures, and joint development agreements. It also aligns with Ajmera Realty’s commitment to revitalizing high-potential micro-markets.

With this addition, the company has now launched four new projects with a combined gross development value of approximately Rs 2,770 crore. This further strengthens its growth strategy through inorganic expansion while advancing sustainable urban transformation across key locations in Mumbai.

News by Rahul Yelligetti.