Updated Oct 2026
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At a glance
swipe →A first look at Ajmera Downtown
Ajmera Downtown is a residential project on Picket Road, K H Ajmera Chowk, Opp G T Hospital, L T Marg, Marine Lines, Mumbai 400002. It is registered with MahaRERA under P51900031924 (registered 2021-11-22). The project has 254 units across 1 building of up to 58 floors. It offers 1, 2 & 3 BHK homes with carpet areas of 440–870 sq ft, priced ₹2.64 Cr–₹5.22 Cr as on 09 Jul 2026 (indicative). The quoted rate is about ₹60,000 per sq ft. MahaRERA proposed possession: Apr 2028.
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Last price update: 09 Jul 2026. Best efforts are made to keep prices updated, but they are indicative and may change by 5–10%, so please don't rely on them. We can come back to you with the latest price.
Stamp duty, GST and loan figures are estimates for planning, not an offer. All other charges levied by the developer — society formation, share money and membership, legal charges, clubhouse and amenities, advance (ad hoc) maintenance, property taxes and similar — are extra.
Ask for the latest priceAreas filed by the developer in MahaRERA (3)
Ajmera Downtown floor plans
2
Floor plans are indicative, as shared by the developer, and subject to change.
Our view on Ajmera Downtown
Mumbai Property Exchange advisoryAjmera Downtown by Ajmera Cityscapes in Marine Lines is quoted at about ₹60,000 per sq ft of carpet, with possession per MahaRERA due Apr 2028.
Who it suits
Buyers who are happy to wait until 2028 for a new Ajmera Cityscapes home in Marine Lines.
The price, in context
Among the Marine Lines new launches in the table below, it is number 4 of 6 by quoted rate.
What we would check before you commit
The latest price list, the payment plan against possession in Apr 2028, the floor and view of the unit, and parking. Our team checks these with the developer for you.
Marine Lines new launches, by quoted rate
| Project | Rate / sq ft | Possession |
|---|---|---|
| Prestige Ocean Towers | ₹98,900 | Oct 2030 |
| One Marina | ₹76,300 | Dec 2028 |
| South Bay | ₹61,000 | Apr 2027 |
| Ajmera Downtown | ₹60,000 | Apr 2028 |
| Sejal Aquarius | ₹41,900 | Nov 2026 |
| Ocean Drive | ₹34,100 | Jul 2027 |
Quoted rates as recorded by Mumbai Property Exchange, Oct 2026; possession dates per MahaRERA where filed. Indicative — confirm with our team.
About Ajmera Downtown
Location
Ajmera Downtown is located on Picket Road, K H Ajmera Chowk, Opp G T Hospital, L T Marg, Marine Lines (Mumbai 400002), in the Mumbai City district. Across 16 recent resale listings on MPE, homes in Marine Lines have a median asking rate of ₹54,300 per sq ft.
MahaRERA record
The MahaRERA registration number is P51900031924, issued on 22 November 2021. The registered promoter is Ashjit Realties Pvt. Ltd.. The filing lists 1 wing: AJMERA DOWNTOWN with 254 units over 58 floors. Per the registration, the architect on record is Patidar Alliance and the project escrow account is with ICICI Bank Ltd.
Homes and prices
Configurations recorded are 1 BHK of 440 sq ft at ₹2.64 Cr; 2 BHK of 560–620 sq ft at ₹3.36 Cr–₹3.72 Cr; 3 BHK of 870 sq ft at ₹5.22 Cr (carpet area), as on 09 Jul 2026. That works out to about ₹60,000 per sq ft of carpet, 10% above the locality's resale median. Best efforts are made to keep prices updated, but they are indicative and may change by 5–10%, so please don't rely on them.
Construction and possession
The latest MahaRERA progress report shows foundation at 80%, structure at 96%, finishing at 20%, services at 48%. Proposed possession is Apr 2028.
Developer track record
Ajmera Cityscapes has 8 projects tracked on Mumbai Property Exchange, 6 of them delivered (ready or sold out). Other projects by the same developer include Ajmera Boulevard, Ajmera Shringaar.
Developer's description ▾
Marine Lines market
prices, rents & ratesMarine Lines — resale, rent & yield
This project is quoted around ₹60,000/sqft — 10% above resale here.
From MPE live listings, last 18 months · Mumbai price index ›
Upcoming projects & infrastructure in Marine Lines
take an informed decision10 MahaRERA projects are due to hand over in Marine Lines between 2026 and 2030.
Supply is not evenly spread — one year carries almost half of it.
Ask on WhatsApp — we answer right in the chat with live asking prices, listings and registered sales for Marine Lines, then an advisor calls about your budget and configuration.
Prices and timelines are indicative and subject to change. See the disclaimer at the foot of this page.
RERA record & possession
Buildings · 1 wing
254 unitsLocation
Construction progress
per MahaRERASee all 11 stages ▾
What you pay, and when
an exampleThis is just an example of the cash flows for buying a home, not a quote or a payment demand. Your agreement and the developer's schedule decide the actual amounts.
In an under-construction project, you don't pay everything on day one. Under the MahaRERA model agreement, the developer can only ask for money as each stage is finished: about 10% at booking, 30% at agreement, then more as the plinth, slabs, walls, fittings and lifts are done, and the last 5% at possession. The more a building is finished, the more you pay up front.
Example: 2 BHK · 620 sq ft at ₹3.72 Cr (the price recorded above).
- ○ Plinth complete45% paid by then
- ○ Slabs complete70% paid by then
- ○ Walls, plaster & flooring75% paid by then
- ○ Sanitary fittings80% paid by then
- ○ Staircases, lift wells & lobbies85% paid by then
- ○ Lifts, pumps, plumbing & elevation95% paid by then
- ○ Possession100%
With a home loan: banks usually fund up to 75% (₹2.79 Cr here), released stage by stage, so your own money is about ₹93.0 L plus stamp duty and GST. Until possession you pay interest only on what the bank has released; after that the full EMI is roughly ₹2.42 L/month (8.5%, 20 years).
Indicative only. Rates, GST (1% on affordable homes), loan eligibility and the stage schedule vary. Plan your cash flow with an advisor before you book.
💬 Talk through the numbers with an MPE advisorAmenities declared to MahaRERA
10+2 more ▾
Members' lens
The developer's full amenity list, views and home features
From the builder's brochure and the homes we have listed here. The list above is what was declared to MahaRERA.
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Next steps — clarity before you step out
Buying a home is not a quick decision. In association with developers, Mumbai Property Exchange sets up the video briefings (Google Meet, Teams or WhatsApp video), the site visits and the paperwork questions — so your homework is done before you commit an afternoon.
Resale Flats for Sale in Marine Lines
4
Commercial for Sale in Marine Lines
2
Commercial for Lease in Marine Lines
1More by Ajmera Cityscapes (Ashjit Realties Pvt. Ltd.)
Compare Ajmera Downtown with similarly priced projects nearby
MahaRERA projects nearby in Marine Lines
Frequently Asked Questions
Where is Ajmera Downtown located?
Ajmera Downtown is on Picket Road, K H Ajmera Chowk, Opp G T Hospital, L T Marg, Marine Lines, Mumbai 400002.
What is the price of Ajmera Downtown?
1, 2 & 3 BHK homes are priced ₹2.64 Cr–₹5.22 Cr as on 09 Jul 2026, about ₹60,000 per sq ft. Best efforts are made to keep prices updated, but they are indicative and may change by 5–10%, so please don't rely on them.
What configurations and carpet areas does Ajmera Downtown offer?
1 BHK – 440 sq ft carpet at ₹2.64 Cr; 2 BHK – 560 sq ft carpet at ₹3.36 Cr; 2 BHK – 620 sq ft carpet at ₹3.72 Cr; 3 BHK – 870 sq ft carpet at ₹5.22 Cr.
When is possession of Ajmera Downtown?
As per MahaRERA, proposed possession is Apr 2028.
Is Ajmera Downtown RERA-registered?
Yes — MahaRERA registration P51900031924, registered 2021-11-22.
How many units does Ajmera Downtown have?
MahaRERA records 254 units across 1 building, up to 58 floors.
Who is the developer of Ajmera Downtown?
Ajmera Cityscapes (Ashjit Realties Pvt. Ltd.) — 8 projects tracked on Mumbai Property Exchange. View their track record ▸
How many new projects are coming up in Marine Lines?
10 MahaRERA-registered projects in Marine Lines are due for possession between 2026 and 2030, as per MahaRERA registrations. Timelines can change.
How do I book or get more details?
Tap WhatsApp or Call below to speak with a Mumbai Property Exchange advisor — serving Mumbai since 1995 · RERA-registered since 2017.
