Bharat Agri Fert & Realty Embarks on Ambitious Expansion in Real Estate and Hospitality
Mumbai-based Bharat Agri Fert & Realty Ltd. sets its sights on real estate development and hospitality, with plans to build luxurious residential flats and expand its resort capacity.
Real EstateHospitalityBharat Agri Fert RealtyMumbaiLuxury Residential FlatsReal Estate MumbaiJun 17, 2024
In another development, the company is in advanced negotiations with a leading fertilizer producer to lease out its existing fertilizer facilities. This move is expected to generate significant revenue for BAFRL.
BAFRL is also expanding the capacity of its Anchaviyo Resorts from 46 to 125 rooms, targeting it as a prime venue for destination weddings and large corporate events. The resort's strategic location and upgraded facilities make it an attractive option for event organizers.
The company owns a vast 40 lakh sq. ft. (92 acres) of freehold surplus land, where it plans to establish weekend homes. In Wada, BAFRL is developing excess land into non-agricultural plots for second homes with club facilities and other amenities. Discussions are underway to acquire an additional 13,06,800 sq. ft. of adjacent land from promoters. If successful, this would increase the company's land bank to a total of 65,34,000 sq. ft.
The additional land could be used for further development, outright purchase, or ventures such as sports clubs, musical concerts, cultural halls, and even helipad services. BAFRL has also constructed a residential complex in Thane, consisting of six towers averaging 14 floors each.
Information
Bharat Agri Fert & Realty Ltd. (BAFRL) is a Mumbai-based company with a focus on real estate development, hospitality, and fertilizer production. The company has a strong presence in the Indian market and is known for its innovative approach to real estate development.
Bharat Agri Fert & Realty Ltd. (BAFRL) is a leading Indian company with a diversified portfolio of businesses, including real estate development, hospitality, and fertilizer production. With a strong focus on innovation and customer satisfaction, BAFRL is poised to become a major player in the Indian economy.
Frequently Asked Questions
What is Bharat Agri Fert & Realty Ltd.'s focus area?
BAFRL is focused on real estate development and hospitality.
Where is BAFRL building luxurious residential flats?
BAFRL is building luxurious 3 and 4-BHK residential flats in Vile Parle, Mumbai.
What is the capacity of Anchaviyo Resorts after expansion?
The capacity of Anchaviyo Resorts will be increased from 46 to 125 rooms after expansion.
How much surplus land does BAFRL own?
BAFRL owns 40 lakh sq. ft. (92 acres) of freehold surplus land.
What is the purpose of acquiring additional land?
The additional land could be used for further development, outright purchase, or ventures such as sports clubs, musical concerts, cultural halls, and even helipad services.
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