Ajmera to invest Rs 250 crore in affordable housing project in Bengaluru
Real estate developer Ajmera Group is foraying into affordable housing with a ₹250-crore investment in a residential project in Bengaluru.
The Mumbai-based company will execute the housing project — to come up on a 10.2-acre land parcel — jointly with a local developer, Dhaval Ajmera, director of Ajmera Group, told media.
“In phase 1, we will build 300 units. Bengaluru is a key market for us and this is our maiden affordable housing project in north Bengaluru,” Ajmera said.
The houses in this project will be spread over 400-700 sq ft with one- and two-bedroom configurations.