Ajnara Group to Invest Rs 300 Crore on Housing Project in Ghaziabad
Recently, the realty firm Ajnara group made an announcement that it will invest over 300 crores to construct a housing plan in Ghaziabad, Uttar Pradesh. According to the report, the company will build a total of 450 units in this 5.6-acre residence outline at Raj Nagar Extension, Ghaziabad. The total saleable expanse in this project would be 7.85 lakh sq ft residential and 1.25 lakh sq ft industrial.
As the housing market in India is passing through multi-year retardation, there has been a limited launch of the new project after the festival season. Since developers are essentially concentrating on selling their unsold inventories.
The CMD of Ajnara India, Ashok Gupta said that with all the government permission in place, we are coming up with a new plan. As per the statement, given by Ashok Gupta, the company will cover the project cost through internal accruals. While presenting more information about the plan, he says, “the basic selling price of the property has been fixed at around 2,800-3,350 per sq ft.”
Ajnara India Ltd. is a renowned name in the real estate sector with an expertise of more than two decades guiding through its growth and achievement. In about three decades, Ajnara has delivered a total of 64 projects involving over 25,000 units across Noida, Greater Noida, and Ghaziabad. The firm aims to deliver around 4,000 units in FY 2019-20.
In the year 1991, Ajnara entered the market and today it is a notable name in the real estate of NCR. The company is widely famous for quality construction and execution. Ajnara is one of the first developers in North India to have been certified ISO 9001:2000.
Ajnara focuses to be India’s leading Real Estate Developer with its offerings; it offers the most diversified product mix comprising residential, commercial/IT parks, retail, hotels, and township.
In all the ventures so far completed, Ajnara has delivered only excellence. Appeal and affordability are two major characteristics of Ajnara and in its latest project is doing the same.
The company has the vision to stay ahead in the competitive industry by developing highly secure, modern, and furnished properties for its patrons and enable them to get their homes, shops, and business ventures at top destinations of Delhi/NCR and other parts in India at an affordable cost.