Bharat Agri Fert & Realty Ltd. Embarks on Ambitious Expansion in Real Estate and Hospitality
BAFRL is set to focus on real estate development and the hospitality business, with plans to build luxurious residential flats and expand its resort capacity.
Real EstateHospitalityBharat Agri Fert Realty LtdLuxury Residential FlatsCommercial OfficesWeekend HomesSecond HomesReal EstateJun 17, 2024
In the hospitality sector, the company is expanding the capacity of Anchaviyo Resorts from 46 to 125 rooms, targeting it as a prime venue for destination weddings and large corporate events. With its rich experience in the fertilizer industry, BAFRL is in advanced negotiations with a leading fertilizer producer to lease out its existing fertilizer facilities.
The company boasts an impressive land bank of 40 lakh sq. ft. (92 acres) of freehold surplus land, where it plans to establish weekend homes. Concurrently, BAFRL is developing excess land in Wada, transforming it 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, which would increase the company's land bank to a total of 65,34,000 sq. ft.
This 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.
With its aggressive expansion plans, BAFRL is set to become a major player in the real estate and hospitality sectors, offering a range of luxurious and modern developments to its customers.
Frequently Asked Questions
Where is BAFRL building luxurious residential flats?
Vile Parle
What is the capacity of Anchaviyo Resorts after expansion?
125 rooms
How much land does BAFRL own?
40 lakh sq. ft. (92 acres)
What kind of ventures is BAFRL planning on the additional land?
Sports clubs, musical concerts, cultural halls, and even helipad services
Where has BAFRL constructed a residential complex?
Thane
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