Ajmera Realty & Infra India Ltd (ARIIL) has reported remarkable pre-sales for its newly launched residential project, Ajmera Iris, in Bengaluru's Electronic City, Phase 2. Within the first week of its launch, the project sold 59,000 sq. ft. out of 1,58,859 sq. ft., totaling INR 60 crore in revenue-about 37% of the available inventory. Located near key infrastructure like Hosur Road and the Bengaluru Metro, Ajmera Iris combines convenience with lifestyle amenities, making it an attractive choice for buyers and investors seeking quality living spaces in Bengaluru.
In a notable move within the real estate sector, Ajmera Realty & Infra India Ltd (ARIIL) has successfully launched its residential project, Ajmera Iris, in the thriving locality of Electronic City, Phase 2, Bengaluru. This significant development has garnered strong market attention, with ARIIL managing to sell 59,000 sq. ft. of the 1,58,859 sq. ft. total area within just a week of the project's launch, following RERA registration. The sales achieved a remarkable INR 60 crores, marking a robust 37% of the inventory sold, underscoring the demand and confidence in the property.
ARIIL has not only made an impressive entry into this competitive market but has further cemented its leadership position in the industry with exceptional pre-sales figures for Ajmera Iris. Located in one of Bengaluru's most sought-after areas, Electronic City, the project stands out for its blend of modernity and natural tranquillity. Ajmera Iris offers a wide array of lifestyle amenities tailored to enhance the residents' living experience, from recreational facilities to state-of-the-art infrastructure.
Strategically placed near major transport and commercial hubs, the project benefits from its proximity to Hosur Road, a key arterial route, and the Bengaluru Metro-Rail Network, ensuring excellent connectivity. This makes it an ideal choice for professionals working at nearby MNCs and IT hubs, offering easy access to work while also providing a peaceful retreat from the urban hustle. The development promises the perfect fusion of convenience and high-quality living, appealing to those who seek both accessibility and comfort in a growing, vibrant city.
The idea behind launching Ajmera Iris is closely tied to the current positive market sentiment, driven by the increasing interest of both homebuyers and investors in the region. ARIIL's swift success in the early days of the project launch demonstrates the strong demand in this micro-market. The company's decision to introduce this project is not only a timely response to the market's needs but also reflects its confidence in the potential of this locality.
The remarkable response to Ajmera Iris is indicative of the project's solid position in the market and is a testament to ARIIL's strategy of expanding its portfolio in high-potential areas. This venture is aligned with the company's broader growth plans, positioning it for a significant leap in the coming years. ARIIL's focus on a 5x growth target highlights the ambitious trajectory the company is on, aiming to build a strong foothold in both the residential and commercial segments, backed by its proven track record of successful developments and strategic market expansion.
The successful launch of Ajmera Iris in Electronic City, Bengaluru, marks a significant milestone for Ajmera Realty & Infra India Ltd (ARIIL), demonstrating strong demand and remarkable sales performance within a week of the project's debut. With its strategic location, premium amenities, and excellent connectivity, the project is poised to offer an ideal living experience for residents. ARIIL's swift success in the market reinforces its leadership in the industry and aligns with its ambitious growth plans, positioning the company for continued success and expansion in the years ahead.
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