Mumbai real estate: Ajmera Realty plans to monetize land parcels to Pare Debt

The company has around 1.2 crore sqft of land in different parts of Mumbai

The company has around 1.2 crore sqft of land in different parts of Mumbai

Said Dhaval Ajmera

Director of Ajmera Realty informed during Q1FY24 investors call.

The company is also working on a plan to cut down

Its corporate debt by 90% in 3 years and keep it minimal.

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Listed real estate developer Ajmera Realty

And Infra India Limited is looking to monetise its land holdings to reduce debt.

The company has around 1.2 crore sqft of land in different parts of Mumbai.