Ajmera Realty Acquired Land At Electronic City-2, Bengaluru
2018-06-11 Announcements Construction Southern India
Ajmera Realty & Infra India Limited has acquired 5.5 acres of land at Electronic City-2, Bengaluru through the wholly owned subsidiary which has a potential to develop 5.5 lakhs sq.ft, which may generate revenue of approx Rs.300 crores in three years span. All statutory approvals are in place and this project may be launched by next quarter. Last week the company had launched a project of 7 Lakhs Sq.ft. In addition to that, now the total area under development in Bengaluru, along with the existing projects is approx.14 Lakhs Sq. ft., which will generate revenue of Rs.700 crores approx, over a period of 3 to 4 years.