Ajmera Realty has Signed Joint Development Deal in Electronics City, Bengaluru

Ajmera Realty has Signed Joint Development Deal in Electronics City, Bengaluru

Ajmera Realty Expands Footprint with Residential Projects in Mumbai and Bengaluru. Ajmera Realty & Infra India Ltd (ARIIL) announced its expansion plans with the signing of two new residential projects in major Indian cities – Mumbai and Bengaluru. These projects boast a combined gross development value (GDV) of Rs 470 crore. Ajmera Realty has Signed Joint Development Deal in Electronics City, Bengaluru

Bengaluru Project:

• Location: Electronic City Phase 2
• Developer: ARIIL SPV (subsidiary of ARIIL)
• Stake in Project: 69%
• Total Development Potential: 2.43 lakh sq ft
• Carpet Area for Sale: 1.62 lakh sq ft
• Estimated Topline: Rs 150 crore

Significance: This project leverages the growing residential demand near Electronic City, driven by the resurgent IT sector.

Quote:

Dhaval Ajmera, Director, Ajmera Realty, highlighted the link between the project’s location and IT sector growth: “The increase in Electronic City’s residential demand is closely tied to the robust resurgence of the IT sector, which has consistently driven the need for housing in the area.”

Overall Significance:

Ajmera Realty’s expansion into both affordable housing and strategic locations like Electronic City demonstrates their commitment to cater to evolving market needs. These projects position them for future growth in key Indian cities.

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