Ajmera Realty Plans Rs. 12,000 Cr Projects to Transform Wadala

Ajmera Realty & Infra India has announced a substantial development pipeline in Mumbai’s Wadala, projecting over Rs. 12,000 crore in top-line sales as part of a 100-acre master plan.

The company will invest approximately Rs. 7,000 crore to develop a diversified mix of residential and commercial assets across the parcel, which has a remaining development potential of nearly 34 lakh sq. ft. of saleable carpet area.

The overall plan includes 3,000 residential apartments and 500 boutique office units, positioning Wadala as a high-value real estate growth corridor.

Key Highlights

• Ajmera Realty projects Rs. 12,000 crore sales potential across Wadala
• Ajmera Manhattan phases show strong momentum with rapid sales
• New boutique offices and an uber-luxury project to redefine the micro-market

A key highlight of the plan is the Ajmera Manhattan Series, designed on a 7-acre podium—one of Mumbai’s largest. Phase 1, launched in April 2022, has achieved nearly 90 percent sales. Phase 2, launched in September 2025 with 450 units spanning 5.4 lakh sq. ft., recorded a swift 38 percent sales rate within a month. Additional phases are set for a fast-track rollout starting FY27, reinforcing steady demand for the project.

Ajmera Realty is also planning a boutique office development comprising around 500 units with an estimated 6 lakh sq. ft. carpet area and a GDV of Rs. 1,800 crore. This commercial project is expected to launch in H2 FY26.

Dhaval Ajmera, director, corporate affairs, Ajmera Group, said, “Wadala as a micro-market has entered its golden phase, driven by an infrastructure boom that connects it seamlessly to all major destinations across and beyond Mumbai. Capitalizing on this opportunity, we have launched a stellar pipeline of projects collectively estimated to generate a top-line sales value of over Rs. 12,000 crore. The Wadala Master Plan, the flagship development of Ajmera, is set to bring a new definition of residential living in Mumbai—where openness, community living and connectivity come together. Strategically phased in line with our vision of 5x growth, the project is poised to be a true gamechanger in the Wadala micro-market, unlocking immense value in the near future.”

Also Read: Ajmera Realty acquires Luxury Ghatkopar Land in Mumbai for Rs. 51 crore

In a strategic move into Wadala’s ultra-premium segment, the developer is preparing to launch an uber-luxury residential project with approximately 13.8 lakh sq. ft. carpet area and a projected GDV of Rs. 5,700 crore. The initiative aims to elevate Wadala’s status as an integrated, high-end real estate destination.