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Ajmera Realty Boosts Growth with Major Redevelopment Project in Mumbai

Story Highlights
  • Ajmera Realty to redevelop Ascot Co-operative Housing Society in Mumbai, targeting INR 320 crores revenue.
  • Project aligns with Ajmera’s strategy to expand via asset-light acquisitions, enhancing its market presence.
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Ajmera Realty Boosts Growth with Major Redevelopment Project in Mumbai

Confident Investing Starts Here:

An announcement from Ajmera Realty & Infra India Ltd ( (IN:AJMERA) ) is now available.

Ajmera Realty & Infra India Limited has been appointed to redevelop the Ascot Co-operative Housing Society in Andheri West, Mumbai, a project expected to generate sales revenue of INR 320 crores. This redevelopment aligns with the company’s strategy to expand through asset-light acquisitions and redevelopment projects, enhancing its presence in Mumbai’s micro-markets. The project is part of Ajmera’s legacy in the area, offering modern urban living with access to various amenities and connectivity, reinforcing its commitment to revitalizing high-potential markets.

More about Ajmera Realty & Infra India Ltd

Ajmera Realty & Infra India Limited is a prominent real estate company operating primarily in Mumbai and Bengaluru. The company focuses on developing residential and commercial properties, with a strategic emphasis on asset-light acquisitions and redevelopment projects to diversify its portfolio and strengthen its presence in key micro-markets.

YTD Price Performance: -30.64%

Average Trading Volume: 6,514

Current Market Cap: 30.87B INR

For an in-depth examination of AJMERA stock, go to TipRanks’ Stock Analysis page.

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