Ajmera Realty Debuts a New Real Estate Project in Wadala Mumbai

A new launch by Ajmera Realty

Mumbai-based Ajmera Realty has unveiled an Rs. 900 crore residential home project in central Mumbai's Wadala neighborhood as part of its 100-acre master plan. Dhaval Ajmera, the project's director, confirmed that the project, which has a carpet area of roughly half a million square feet, is expected to generate a sales value of Rs. 1,500 crore.  This new real estate project in Wadala will be part of the ongoing Ajmera i-Land townships project and will have 540 residential flats spread across two wings. The Mumbai real estate developer has already begun construction on the project, which is expected to be finished in five years. As a real estate location in Mumbai, Wadala has witnessed tremendous expansion in its value offering and infrastructural advancements over the previous decade, which has had a favorable impact on the Wadala housing market and the surrounding areas.

Growth of Wadala Real Estate

Wadala is predicted to experience a drastic makeover in the future, and it is expected to grow phenomenally due to the rapid infrastructure growth of Mumbai. This real estate project will have 2 and 3 BHK luxury apartments with RERA carpet sizes ranging from 750 sq ft to 794 sq ft and 977 sq ft to 1,225 sq ft, respectively. 

Record Setting Decade

As a matter of fact during the previous decade, this real estate development company has sold more than Rupees 2,000 crores worth of real estate inventory in Wadala, with total sales of 1.3 million sq ft. During the time of April 2020 to September 2021, Ajmera Realty created a sales volume of almost Rupees 625 crores at its Wadala township project which has been a hugely successful real estate venture in Mumbai.