Ajmera Realty to redevelop housing society in Andheri

Ajmera Realty & Infra India Ltd has signed a deal to redevelop a 0.5-acre housing society in Andheri West, Mumbai. The project is expected to generate sales revenue of Rs 320 crores and will cover about 71,300 square feet. This redevelopment adds to Ajmera Realty's portfolio, bringing the total to four new projects valued at around Rs 2,770 crores. The project is located in Shastri Nagar, an area previously developed by the Ajmera Group. The company aims to enhance its portfolio through strategic redevelopment and asset-light acquisitions. This move reflects its ongoing focus on expanding in high-potential markets.