Ajmera Realty & Infra India has acquired 5.5 acres of land at Electronic City-2, in Bengaluru through the company’s wholly owned subsidiary which has a potential to develop 5.5 lakhs sq ft, which may generate revenue of around Rs 300 crore in three years span.
Earlier, the company had launched project of 7 lakh sq ft. In addition to that, now the total area under development in Bengaluru, along with the existing projects is around 14 lakh sq. ft., which will generate revenue of Rs 700 crore around, over a period of 3 to 4 years.
Ajmera Realty is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments.
