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Ajmera Realty to develop 10k affordable homes in Mumbai

Ajmera Realty & Infra India Ltd

Ajmera Realty plans to develop 10,000 affordable homes in the next 10 years in the Mumbai Metropolitan Region, according to a news agency report.

This is part of the commitment made under the Memorandum of Understanding (MoU) signed by the developers’ association MHCI-Credai with the Maharashtra Government for developing one lakh affordable houses, the company said in a statement.

“Following the MoU, we have pledged to contribute to this initiative by developing 10,000 affordable homes by 2026,” a senior official of Ajmera Realty was quoted in the media.

The company will focus on areas like Kalyan, Ulhasnagar and Khardi and have projects starting at just Rs 10 lakh. The project will have 1 RK and 1-2 BHK homes, it added.