Ajmera Realty and Rustomjee have announced a Joint Venture Deal in Bandra West, Mumbai

Ajmera Realty and Rustomjee have announced a Joint Venture Deal in Bandra West, Mumbai

Real estate giants Ajmera Realty and Rustomjee have announced a joint venture deal in Bandra to redevelop a project in Bandra West, Mumbai. Ajmera Realty and Rustomjee Join Forces for Luxury Redevelopment Project in Bandra.

Project Details:

• Developed by: Ajmera Luxe Realty Private Limited (ALRPL) (a 50:50 JV between Ajmera Realty and Rustomjee)
• Location: Bandra West, Mumbai
• Estimated Gross Development Value (GDV): INR 760 crores
• Project Offering: Premium luxury residential apartments
• Estimated Carpet Area: Approximately 130,000 sq. ft

Project Significance:

• This collaboration aims to create a unique and upscale residential offering in Bandra, a prestigious location in Mumbai.
• It leverages the combined strengths and expertise of both companies.
• The project caters to the growing demand for high-end housing in Bandra, further boosted by ongoing infrastructure projects.

Company Quotes:

• Boman Irani, Chairman & Managing Director, Rustomjee:

  • “We have a history of transforming locations into desirable areas for homeowners. Bandra is a key market for us, and we are committed to providing an elevated quality of life for residents.”
  • “This partnership with Ajmera Realty reinforces our dedication to urban rejuvenation projects and strengthens our brand reputation.”

• Dhaval Ajmera, Director, Ajmera Realty:

  • “We are committed to modernizing ageing housing societies and offering a premium lifestyle to our customers.”
  • “This strategic partnership allows us to expand our luxury portfolio in Mumbai and aligns with our long-term growth strategy.”

This joint venture signifies a significant development in Bandra’s real estate market. The project promises to deliver high-end living experiences in a prime location.

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in