Ajmera Realty Expands with Redevelopment Projects, Targets ₹3.20 Billion GDV

Ajmera Realty & Infra India Ltd. (BSE: 513349, NSE: AJMERA) has been appointed to redevelop the Ascot Co-operative Housing Society in Andheri West, Mumbai, aiming for a Gross Development Value (GDV) of ₹320 crores. This project aligns with Ajmera Realty's strategy to expand through redevelopment and asset-light acquisitions. Additionally, the company has recently acquired a ₹51 crore land parcel in Ghatkopar East for a luxury housing project with an estimated GDV of ₹175 crores. Ajmera Realty also partnered with Keystone Realtors for a redevelopment project in Bandra, targeting a GDV of ₹760 crores. These initiatives underscore the company's commitment to growth and diversification in Mumbai's real estate market.

Sources: NSE, BSE, Hindustantimes, CNBC-TV18