Ajmera Realty and Infra is developing the next phase of its residential project in Wadala, part of the 100 acres master layout of Ajmera i-Land in Mumbai. The project has approximately 500,000 sq-ft carpet area for sale, with funding avenues for the said project coming in from a mix of internal accruals, construction finance loan from HDFC, and sales advances. With an estimated sales value of Rs 1500 crore, the project plot will comprise 540 residential flats and 18 retail shops.
The construction of the project will comprise of two wings, aggregating to 540 residential flats, which will be within close proximity of a huge 25 acres garden, which is also located within the township. Construction of the project has begun and is expected to be completed in five years. The project is designed by architect Hafeez Contractor.
They also have high-end projects like Ajmera Aeon, Ajmera Zeon, and Ajmera Treon.
Dhaval Ajmera, director, said, “Over the last one decade, Wadala has seen significant growth in terms of its value proposition and the infrastructure developments have spelled positive implications on the housing market. Wadala also connects commercial districts of the city like Chembur, Nariman Point, Ballard Estate, and BKC.”
