Ajmera Realty & Infra India Limited (BSE: 513349, NSE: AJMERA), a leading real estate developer in Mumbai and Bengaluru, has been appointed to redevelop Ascot Co-operative Housing Society Limited in Andheri West, Mumbai. The project spans 2,319 sq. mt. in the prime locality of Shastri Nagar, an area originally developed by the Ajmera Group, reinforcing its strong brand presence.
The redevelopment is set to deliver a total carpet area of approximately 71,300 sq. ft., with an estimated sales revenue of INR 320 crores. This aligns with Ajmera Realty’s strategy of asset-light acquisitions and expansion into Mumbai’s thriving micro-markets. With this addition, the company has secured four new projects, contributing to a total Gross Development Value (GDV) of INR 2,770 crores in its fiscal pipeline.
Andheri West is a highly sought-after residential hub, offering seamless connectivity to major business districts, entertainment zones, and retail hubs. The area is well-served by metro lines and road networks, ensuring easy access to renowned healthcare institutions, top-tier educational facilities, and lifestyle amenities.
This redevelopment project underscores Ajmera Realty’s commitment to expanding its footprint in Mumbai’s redevelopment sector. By focusing on premium living spaces that blend comfort and spacious design, the company is set to enhance its portfolio and drive long-term growth in the Mumbai Metropolitan Region (MMR).
