Real estate developer Ajmera Group has forayed into affordable housing segment and has planned to build low-cost housing units entailing an investment of ₹250-crore in a residential project in Bengaluru. The company will execute the housing project — to come up on a 10.2-acre land parcel — jointly with a local developer, Dhaval Ajmera, director of Ajmera Group, said elaborating that in phase 1, it will build 300 units. Bengaluru is a key market and this is its maiden affordable housing project in north Bengaluru. The houses in this project will be spread over 400-700 sq.ft with one- and two-bedroom configurations. This is not the first time the group is executing a housing project in Bengaluru as it had earlier delivered about 2.6 million sq.ft, but not in the affordable housing segment. Several builders in the country are now moving into the affordable housing segment, drawn by government subsidies and schemes like affordable housing fund, lower GST rates and increased tenure of loans under credit-linked subsidy scheme (CLSS).
📅Published on:
24 August 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
