Ajmera Realty & Infra India Limited’s 100% subsidiary, Shree Yogi Realcon Private Limited, successfully acquired a land parcel measuring 5,017 SqM from Tata Communications Limited through a competitive bidding process. The acquisition cost a total of INR 76 crore, with the payment of earnest money.
The purpose of this acquisition is to develop a residential complex offering 1/2/3 BHK units, with an estimated gross sales value of INR 550 crore. The land parcel is located in Vikhroli East, a prime location with easy accessibility to Airoli, Thane, and South Mumbai.
The land acquisition is the first step towards the development of the project, with plans for its potential launch in the financial year 2024. The project’s contemporary offerings and prime location make it an attractive residential choice for potential buyers in the area.
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