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
Tags:
Related News Articles
Sunteck Realty Reports Net Profit of Rs 101.33 Crore in Q4 FY24
Sunteck Realty's net consolidated total income stood at Rs 434.99 crore in Q4 FY24
Ashwin Sheth Redefines Luxury Real Estate with New Logo Unveiling
Ashwin Sheth, a prominent luxury real estate developer, celebrates 38 years of heritage with a new logo launch at Times Square, New York, and across Mumbai
GCCs to Dominate 35% of India's Commercial Real Estate by 2024
Mumbai and Bengaluru remain key hubs, with 80% of GCCs catering to international clients, highlighting India's strategic significance in the global business landscape.
From Trump to Zelensky: The Global Impact of Real Estate and Security
The world of real estate and security has seen significant shifts, from the controversial actions of former U.S. President Donald Trump to the resilience of Ukrainian President Volodymyr Zelensky. This article delves into the global implications of these
Mumbai's Luxury Real Estate: Omkar Realtors Promoter’s Wife Acquires ₹68 Crore Property in Worli
In a significant real estate transaction, Aruna Varma, the wife of an Omkar Realtors promoter, has purchased a luxurious property in Worli for a staggering ₹68 crore. This deal highlights the growing interest in Mumbai's premium property market, particula
Pune IGR Urged to Address Issues Before Launching Rental Agreement 2.0
Pune: Property owners, tenants, and legal experts urge the Income Tax Department to resolve critical issues before the launch of Rental Agreement 2.0 to ensure a smoother and more user-friendly experience.