Ajmera Luxe Realty Private Limited (ALRPL), a joint venture between Keystone Realtors Limited ("Rustomjee") and Ajmera Realty & Infra India Limited (" ARIIL"), will execute a redevelopment project in Bandra West. Both companies will hold a 50% stake in the project, which is expected to generate Gross Development Value (GDV) of INR 760 million. The project will transform into premium luxury residential apartments with an estimated carpet area of approximately 130,000 sq.

ft for sale. Key Highlights: Acquired a redevelopment project in BandraWest through the execution of a Development Agreement between the society and Ajmera Luxe Realty private Limited (ALRPL), a joint venture between Ajmera Realty and Rustomjee. Aims for an estimated GDV of INR 760 million.

Aims for an estimatedGDV of INR 7 million. This strategic joint venture will enable both companies to harness their respective capabilities, combining expertise and resources to fulfill commitment to excellence Bandra, being one of the most prestigious locations for homeownership, is poised to witness a surge in housing demand, further accentuated by concurrent infrastructure projects within the city.