According to the sources available to www.propertykhazana.com, Realty chief Ajmera Group is proposing to build a large place in fast blooming Bangalore realty. In a bid to beat the similar, company is investing about Rs. 300 Crores to develop a housing venture in the Silicon City in coming 2 years. Ajmera Group stride into the South Realty in 2006 with the development of Ajmera Green Acres in Garden City with 5,00,000 Sq.ft building which is sited at Bannerghatta and the group had developed 1,70,00,000 Sq.ft of housing space in India.
In order to offer a top set up to its proposals company established a best housing venture and the venture was known as Ajmera Arista at HRBR Layout. It had marked 20-25 flats with the rate of each house floating at Rs. 1 Crore.
Further added by the source @ the www.propertykhazana.com, Ajmera Group also planned to build an incorporated township in Garden City – Ajmera Infinity in surrounding area of the city’s IT Centre. Company had acquired 18 acres of land at Electronic City for the development of the elite housing venture. Group is in procedure to get more chunks of property in Silicon City and supposes to grab the speed in 6-8 months and sees increase in its present investment spend taking the total investment to about Rs. 600 Crores, said Mr. Ajmera to the www.propertykhazana.com. As, Garden City is observing a lack of 4000-5000 residential units and makes sense to develop housing ventures and in this regard Ajmera Group has Mayfair Housing as its Indian JV co-worker to balance the scarcity. They have signed a contract with Bahrain Bay Corporation to develop $150 Million worth varied utilize realty venture in Bahrain Bay Area.
Source: NIMMA BENGALURU
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