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AJMERA announces Joint venture Development for commercial project at LBS Marg, Ghatkopar West

Posted On: 2019-07-10 21:54:07

"AJMERA" in alliance with local partner of Mumbai announces Joint Development of Commercial units at project located at Ashok Mills lane,off LBS Marg,Ghatkopar (W), Mumbai .

This joint Development represents a major step forward in realizing the Company's vision to build a trusted name for the commercial era too, servicing more demands of different genre.

It will be a Joint Development on revenue sharing basis in Ghatkopar on a plot size of 5310 sq.mt which has a potential to develop approx.90,000 sq.ft of saleable area as our share of development, which may generate revenue of approx Rs.120 Crores as our share of revenue. Our proposed development is for approx.225 units. The project has received zero IOD and has initiated demolition.

The turnaround tenure for completion of project will sprawl upto 3 to 4 years. Its in the heart of LBS, Marg, Ghatkopar with ease of connectivity to Metro, Railway station and Highways too. Its surrounded by shopping complexes and Hi-tech commercial Towers which will have an additional impetus to this Project. It is located in close proximity to all possible conveniences that one can ever imagine.

Shares of AJMERA REALTY & INFRA INDIA LTD. was last trading in BSE at Rs.157.35 as compared to the previous close of Rs. 159.5. The total number of shares traded during the day was 2020 in over 64 trades.

The stock hit an intraday high of Rs. 161.55 and intraday low of 157.1. The net turnover during the day was Rs. 321415.


Source: Equity Bulls

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