Ajmera Realty & Infra India (ARIIL) has acquired a 1341.1 square meter premium land parcel in Ghatkopar East, Mumbai, from Karamshi Jethabhai Somaiya Trust at a cost of Rs 51 crore. The acquisition was made through a competitive bidding process, and this acquisition was formalized through the execution of a memorandum of understanding (MOU).
The project is expected to yield a carpet area of around 44,000 square feet, with an estimated gross development value (GDV) of Rs 175 crore. Ghatkopar, as a micro-market is distinguished by its unique characteristics and significant potential, driven by the rising demand for luxury and ultra-luxury homes. With this acquisition, the company aims to meet the demand for premium living spaces while reinforcing their presence in the eastern and fast-evolving suburbs of the city. Moreover, this move aligns perfectly with the company’s vision of achieving 5x growth.
Ajmera Realty & Infra India is recognized as one of India's leading Real Estate Company.
