Bharat Agri Fert & Realty Unveils Ambitious Housing Project in Mumbai Metropolitan Region
Bharat Agri Fert & Realty Ltd has launched a new housing project in MMR, expecting revenue of Rs 800 crore. The project, Wembley-24, comprises 457 residential flats and has witnessed overwhelming response on its launch day.
Bharat Agri Fert RealtyMumbai Metropolitan RegionReal EstateHousing ProjectWembley 24Real Estate PuneJul 16, 2024
According to a statement released by the company, the project's cost is estimated to be around Rs 300 crore, as the land is owned by the company. On the launch day, the company witnessed an overwhelming response with pre-sales of around 150 units, which underscores the market's demand for high-quality residential spaces.
The company's Chairman and Managing Director, Yogendra D Patel, expressed his enthusiasm about the project's prospects, stating that the robust pre-bookings and overwhelming interest on launch day demonstrate the market's appetite for high-quality residential spaces.
Bharat Agri Fert & Realty Ltd, established in 1962, operates in three business verticals – fertilisers, realty, and hospitality. The company is listed on stock exchanges and has a diverse range of projects under its realty segment, including a landmark project in Thane City. In addition to its realty business, the company is also involved in the fertiliser business, where it is temporarily leasing out its assets to address supply chain disruptions, and hospitality, with its Anchaviyo Resort.
With its ambitious housing project in MMR, Bharat Agri Fert & Realty Ltd is poised to make a significant impact on the region's real estate landscape. The company's focus on high-quality residential spaces is likely to resonate with homebuyers who are looking for premium living options in the region.
Frequently Asked Questions
What is the revenue expectation from Bharat Agri Fert & Realty's new housing project?
Rs 800 crore over the next four years
Where is the Wembley-24 project located?
Majiwada, Thane, in the Mumbai Metropolitan Region
How many residential flats are there in the Wembley-24 project?
457
What is the estimated cost of the Wembley-24 project?
Rs 300 crore
What business verticals does Bharat Agri Fert & Realty operate in?
Fertilisers, realty, and hospitality
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