Ajmera Realty plans ₹1,000-cr housing projects

Ajmera Realty & Infrastructure has planned to launch four residential projects involving an investment of ₹1,000 crore. Director, Dhaval Ajmera informed that the company is optimistic and believes that the long-term real-estate story remains intact. They are looking forward to launching projects, spread across 15 lakh sq ft in Mumbai, Bengaluru and Pune this year itself. The company recently decided to exit from its project in Bahrain. In fact, Post COVID-19, buyers are realizing the importance of owning a home, and, that too, bigger spaces. This prompted it to launch three projects in the last quarter of 2021 one each in Bengaluru and Pune and two in Mumbai as the company is positive about the next few quarters, unless a third wave decides to play spoilsport. In the last two months, the sector has touched a low due to the complete lockdown. In fact, the company has a pipeline of about 15 lakh sq ft of project launches this financial year and the investment will be carried out from internal accruals and construction finances. They will comprise both residential as well as commercial projects. These projects will primarily comprise 2 and 3 BHK units and a few 1BHK units and prices would differ from city to city.