Ajmera Group announces first overseas project in Bahrain, four in London

Real estate developer Ajmera Group announced their first international project in Bahrain along with four other projects in London. The Group also aims to develop of a land bank of2 mn square feet in India and around 1 mn square feet in the international markets.

It has formed a strategic partnership with Mayfair Housing and formed Ajmera Mayfair Realty Group to jointly invest Rs 14 bn into developing residential towers in Bahrain called Golden Gate. The two towers of Golden Gate (45 and 53 storeys) will comprise of apartments across 1,40,000 square meters of built up space. Ajmera Mayfair Realty Group has collaborated with Kooheji Golden Gate (KGG), a local real estate developer. The project is spread across 1.45 million square meters of land reclaimed from the Arabian sea. The total investment in Bahrain is around Rs 21 bn, of which around Rs 14 bn is by Ajmera and the remaining by Mayfair.