Mumbai: Ajmera Realty has made a powerful entry into the Vikhroli real estate market with the launch of Phase 1 of Ajmera Solis, a premium and mid-segment residential project that achieved an extraordinary 81% sell-out within 24 hours, translating to sales worth ₹427 crore. The project witnessed a rapid uptake of 324 units, comprising approximately 1.94 lakh sq. ft. of carpet area against the launched inventory of 2.40 lakh sq. ft., marking one of the fastest sales velocities in this and adjoining markets. Comprising 1 BHKs below ₹1 crore, 2 BHKs below ₹1.6 crore, and 3 BHKs under ₹2.25 crore, Ajmera Solis delivers exceptional residential offerings at highly accessible price points. Developed on a land parcel acquired from Tata Communications Ltd. in Vikhroli, the upcoming multi-storey tower benefits from a clean title, no legacy tenants, and full development control, resonating strongly with homebuyers seeking modern, well-planned, and unobstructed living environments. The project is further fortified by a strategic ₹88 crore transaction with a marquee investor, marking the first Private Equity deal in the Company’s portfolio. This historic partnership, combined with secured credit lines and strong sales velocity, makes the project financially closed out on the current velocity of sales and poised for accelerated execution.
Located right on the Eastern Express Highway, Ajmera Solis offers exceptional connectivity to Mumbai’s key business districts, making it a compelling proposition for working professionals. The tower has been thoughtfully designed to offer Vastu-compliant residences with lifetime panoramic views of mangroves, hills, the city, and the sea—an offering rarely available at this price point in central Mumbai. The development also features a comprehensive spread of world-class amenities including a fully equipped gym, mini-theatre, banquet hall, library and business centre, kids play area, jacuzzi, and an infinity-edge swimming pool designed to elevate lifestyle experiences.
Ajmera Solis is being conceived as a Triple Net Zero Certified ecosystem across Energy, Water, and Waste—an uncommon achievement in Mumbai’s mid-income housing landscape. By targeting zero-energy operations, maintaining a balanced water cycle, and implementing advanced waste-management practices, the project is designed to meaningfully reduce its environmental footprint. This sustainability-led approach ensures that residents benefit from a cleaner, greener, and truly future-ready living environment from the very outset.
Dhaval Ajmera, Director – Corporate Affairs, said: “The overwhelming response to Ajmera Solis is a resounding validation of our strategic expansion into the Vikhroli micro-market and the enduring trust our customers place in the Ajmera brand. This launch significantly reinforces our ‘5x Growth Strategy.’ By successfully launching this project through an asset-light model—one of the four pillars of our strategic framework—we have demonstrated our ability to scale efficiently and move in the right direction. With this development, we have brought together everything today’s urban family seeks: seamless connectivity, intelligent planning, unobstructed views, and truly accessible pricing. We are proud to set a new benchmark in Central Mumbai, underscoring our five-decade commitment to creating differentiated, future-ready developments.”
