Ajmera Realty and Infra India has executed its commercial and residential Bengaluru Nucleus project which has an estimated sales value of Rs 330 crore, part of the main periphery project in the Electronic city phase 2. In a bid to expand its housing and commercial portfolio, the company strengthens its presence in south market. The entire project is funded by internal accruals and debt with a saleable area of 5, 57,870 sq. ft.
An office building contains 8 floors and has 1 office on each floor with an approximate sale price of the project Rs 8000 plus per sq ft with expected OC (occupancy certificate) date of May 2022. Moreover, residential project of 360 units spreading across tower of A&B, and C with 14 floors in each tower in 1BHK, 2BHK and 3BHK with an average sale price of the project Rs 5600 per sq ft. A&B is a complete structure, expecting OC by May 2022. Tower C is being developed an estimated to be completed by December 2023.
Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.
| Company Name | CMP |
|---|---|
| Lodha Developers | 882.60 |
| Dilip Buildcon | 453.30 |
| DLF | 607.90 |
| Oberoi Realty | 1737.65 |
| Ahluwalia Contract(I | 863.50 |
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