AJMERA Announces Joint Venture Development For Commercial Project At Mumbai
Ajmera Realty & Infra India Limited (AJMERA) in alliance with a local partner of Mumbai announces Joint Development of Commercial units at the project located at Ashok Mills lane, off LBS Marg, Ghatkopar (W), Mumbai.
This joint Development represents a major step forward in realizing the Company's vision to build a trusted name for the commercial era too, servicing more demands of different genre.
It will be a Joint Development on revenue sharing basis in Ghatkopar on a plot size of 5310 sq.mt which has the potential to develop approx.90,00 sq.ft of the saleable area as our share of development, which may generate revenue of approx Rs.120 Crores as our share of the revenue. Our proposed development is for approx.225 units. The project has received zero IOD and has initiated demolition.
The turnaround tenure for completion of the project will sprawl up to 3 to 4 years. It is in the heart of LBS, Marg, Ghatkopar with ease of connectivity to Metro, Railway station and Highways too. Its surrounded by shopping complexes and Hi-tech commercial Towers which will have an additional impetus to this Project. It is located in close proximity to all possible conveniences that one can ever imagine.