Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd is an MBA in Finance from the Cardiff University. As a Director his primary role is to plan out strategies, project coordination, and looking after the overall operations of the organization. After completion of his studies, he joined Ajmera Groups Reality Division. Ajmera was more into construction of townships and low cost housing. He has initiated and successfully completed some of the ambitious projects like the Yogi Nagar Township in Mumbai. ‘Ajmera Green Acres’ – ‘Ajmera Arista’ and ‘Ajmera Infinity’ at Bangalore.
Ajmera Group is a leading real estate company with interest in steel, cement and social welfare. The company now has strong presence in and around Mumbai, Pune, Ahmedabad, Surat, Rajkot and Bangalore as well as an international project in Bahrain. Quality, innovative construction technology, comfort, aesthetic appeal and maximum value for your money are few attributes that enrich Ajmera group.
Replying to Yash Ved of IIFL, Dhaval Ajmera says “We are planning to invest Rs10bn in the real estate and power sectors in the next five years even as it is looking at exciting, some of its non- core assets including cement business and a land parcel in Bahrain.”
Brief us about your current and upcoming projects in residential, commercial space?
Ajmera Group has produced 40,000 residential flats, and delivered 21mn sq. ft covering residential and commercial spaces since 1965. The company now has strong presence in and around Mumbai, Pune, Ahmedabad, Bangalore, Surat, Rajkot and as well as in Bahrain.
The current projects of Ajmera are I-Land in Wadala, Ajmera Aria in Pune, Ajmera Infinity& Villows in Bangalore and Enigma in Ahmedabad.
Ajmera had started a township culture with its projects like Yogi Dham in Kalyan & Bhakti Park in Wadala.
The reach and interest of the Ajmera group has only grown over time and has extended to other realms such as steel, cement and social welfare.
What is the total area under development?
The total construction area completed by Ajmera from its inception is 21mn sq.ft and the area under development is about 20 million sq. ft.
What are your investment plans over the next five years?
Ajmera Realty & Infrastructure plans to invest Rs10bn in the real estate and power sectors in the next five years even as it is looking at exiting some of its non- core assets including cement business and a land parcel in Bahrain.
What are the challenges do you face in real estate industry?
The real estate sector is waiting for an industry status to be granted so that there is a transparency and it’s a win-win situation for both developers and buyers.
Currently, developers are caught in mire with the number of clearances that are required from various government departments for a single project. This not only delays the projects but also increases the costs substantially.
There is a dire need to manage the country´s fiscal and monetary policy to ensure that demand & supply is aptly balanced.