Ajmera Realty & Infra Q2 sales see 82% jump at Rs 1.66 bn

10 Oct 2022 CW Team

Realty developer Ajmera Realty & Infra India has recorded an 82% year-on-year jump in sales at Rs 1.66 billion for the quarter ended September. The quarterly performance has helped the company record a 181% growth in its sales at Rs 5.66 billion for the first half of the financial year 2022-23.

The developer has sold nearly 80,000 sq ft carpet area during the quarter. For the half year, the company’s sales volume rose 106% to over 237,000 sq ft, while collections saw a 44% rise at Rs 3.12 billion, the company said in a regulatory filing.

“We have continued to charter a growth trajectory with robust pre-sales despite all the headwinds, and are uniquely positioned on account of strong cash-flows, quality land bank and a diversified pipeline of new projects,” said Dhaval Ajmera, Director at Ajmera Realty.

While he expects challenges due to rising mortgage rates in the future, the impact of this, according to him, is likely to be insignificant given the latent demand in the real estate sector.

He said the company is geared up for new launches in the coming quarters as part of its overall strategy to grow and gain market share.

Real Estate

26 Jun 2026

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..

Adani Airport City Plans Rs 200 Bn Investment

Adani Airport City Limited (AACL), a wholly owned subsidiary of Adani Airport Holdings Limited (AAHL), has announced a programme to develop integrated airport cities across its airport network. The first phase will involve an investment of more than Rs 20,000 crore and cover around 22 million sq ft across Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati.The development spans over 655 acres across six airports in five states. Nearly 440 acres are located in Mumbai and Navi Mumbai, which will receive close to 70 per cent of the planned investment. The focus reflects the Mumbai Metrop..

Vedanta contributes Rs 627.22 billion to exchequer

Vedanta Limited contributed Rs 627.22 billion to the exchequer in FY26, according to its 11th Tax Transparency Report. The contribution accounted for 36 per cent of the company’s consolidated revenue from operations and reflected its focus on transparent governance, fiscal discipline and nation-building.The FY26 contribution marked a 13.3 per cent increase over the previous year. Vedanta’s cumulative contribution to the exchequer over the past decade reached Rs 4.83 trillion. The company said the Group ranks among India’s top three private-sector contributors to the national exchequer.Th..