Dhaval Ajmera Nurturing a Legacy of Real Estate Excellence

Behind every enduring family business lies a profound understanding of values, trust, and the ability to adapt to the unique perspectives of each generation. Dhaval Ajmera, a second-generation entrepreneur and Director of Ajmera Group of Companies, unveils the remarkable journey of a small family business that has grown into a formidable name in the real estate sector. This is a story spanning five decades, radiating from its roots in India to the UK and Bahrain. The Ajmera legacy traces its origins to an ordinary boy, Chhotalal S Ajmera, fondly known as Chhotubhai. Hailing from Vasavada, a quaint village in Gujarat, Chhotubhai embarked on a remarkable journey that would eventually establish the NSE-listed Ajmera Group as one of India’s most renowned real estate companies. His vision was clear—to provide affordable housing solutions for the middle-class.

Chhotubhai’s ambitious endeavor commenced with the construction of a township in Mira Road, Mumbai, a project that would go on to house an astonishing 16,000 flats across 600 buildings. This township, as Dhaval proudly asserts, marked a historic milestone as “Asia’s first-ever township of this scale.” However, Chhotubhai’s vision extended beyond bricks and mortar; he aimed to create vibrant, liveable communities enriched with essential amenities. Over the years, the Ajmera Group of Companies, under Chhotubhai’s leadership, has delivered a staggering 45,000 apartments, encompassing an expansive 30 million square feet of space across India. In the fiscal year 2021, Ajmera Realty and Infra achieved sales amounting to Rs 617 crore, contributing significantly to the group’s total sales of Rs 900 crore within the real estate sector.

Looking ahead, Ajmera Realty and Infra has outlined an ambitious plan for the next 15 months. The company is gearing up for the launch of seven new projects, spanning a total of 3.2 million square feet in Wadala, Ghatkopar, Juhu, Pune, and Central Mumbai in Maharashtra. These projects collectively represent an estimated sale value of approximately Rs 4,400 crore, showcasing the group’s unwavering commitment to growth and innovation. Ajmera’s influence has transcended borders, venturing into international territory with small-scale residential projects in London. This foray into global markets underscores the group’s aspiration to become a significant player on the international stage while continuing to enhance its domestic presence.

In a world where the real estate landscape is constantly evolving, Dhaval Ajmera stands as a testament to the enduring success of family businesses that prioritize innovation, adaptability, and a steadfast commitment to their core values. As he continues to guide the Ajmera Group into the future, Dhaval’s journey serves as an inspiring example for entrepreneurs worldwide, showcasing the transformative power of determination, vision, and unwavering dedication to a legacy of excellence.