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Ajmera Realty has made a strong entry into Mumbai’s Vikhroli micro-market with the launch of Phase 1 of Ajmera Solis, recording around INR 427 crore in day-one sales. The project saw 81% of its launched inventory sold, with 324 homes booked across 1BHK, 2BHK and 3BHK formats. Located along the Eastern Express Highway, the development offers easy access to key business hubs and unobstructed views of mangroves, hills and the city skyline. Backed by its first private equity partnership, the project is financially closed and positioned for fast execution. Ajmera Solis also stands out as a Triple Net Zero certified development, combining sustainable design with mid-segment pricing.
Ajmera Realty has established a significant presence in the Vikhroli micro-market with the launch of Phase 1 of Ajmera Solis, a premium and mid-segment housing development that recorded a robust sales performance earlier this week. The company achieved approximately INR 427 crore in day-one sales, with homebuyers rapidly absorbing 324 units representing 1.94 lakh sq ft of carpet area. This reflects an 81% sell-out against the 2.40 lakh sq ft of launched inventory, marking one of the fastest sales turnarounds in Vikhroli and its surrounding markets. Advertisement
The project offers 1BHK homes priced below INR 1 crore, 2BHKs under INR 1.6 crore, and 3BHKs within INR 2.25 crore, providing a combination of accessibility and premium residential planning. The upcoming tower is being developed on a land parcel acquired from Tata Communications Ltd., and benefits from a clean title, no legacy tenants, and complete development control—factors that have strongly appealed to prospective buyers seeking modern, unobstructed living spaces.
Ajmera Solis is supported by an INR 88 crore transaction with a marquee investor, marking the company’s first private equity partnership. Alongside secured credit arrangements and strong initial sales, this investment ensures that the project is financially closed on the current sales trajectory and positioned for accelerated progress.
Located directly along the Eastern Express Highway, the development provides streamlined access to key business hubs across Mumbai, making it particularly attractive to working professionals. The tower features Vastu-compliant residences with uninterrupted views of mangroves, hills, the city skyline, and the sea—an offering rarely available in central Mumbai at this price range. Residents will have access to a suite of amenities such as a gym, mini-theatre, banquet hall, business centre, library, kids’ zone, jacuzzi and an infinity-edge pool.
The project is being developed as a Triple Net Zero Certified ecosystem across energy, water, and waste—an uncommon milestone for mid-income housing in Mumbai. With zero-energy targets, balanced water systems, and advanced waste management solutions, the project integrates sustainability from inception to create a clean and future-proof living environment.
Commenting on the launch, Dhaval Ajmera, Director – Corporate Affairs, said the strong response underscored the company’s strategic expansion in Vikhroli and strengthened its ‘5x Growth Strategy’. He noted that the asset-light development model adopted for this project demonstrated Ajmera Realty’s ability to scale efficiently and meet evolving urban homebuyer expectations for connectivity, intelligent planning, and accessible pricing.
The company continues to develop both luxury and mid-luxury projects across Mumbai and Bengaluru, guided by a design-led and technology-driven development approach.
Source - PTI
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