+
Ajmera Realty records sales of INR 6.94 billion from April to December
Real Estate

Ajmera Realty records sales of INR 6.94 billion from April to December

For the quarter ending in December, the real estate developer Ajmera Realty & Infra India reported a 19% year-over-year increase in sales value of INR 1.28 billion. The developer reported a 124% increase in sales for the nine months ending in December, totaling INR 6.94 billion, thanks to the strong sales pace. The performance in the first three quarters of 2022-23 is more than 1.6 times higher than the annual sales total from 2021-22.

According to Dhaval Ajmera, Director of Ajmera Realty & Infra India, "This rise shows the dedication of our staff, the quality of our customers' experiences, and the positive industry trends. We remain committed to expanding our business while keeping a healthy balance sheet. The sales for the quarter demonstrate the demand for our high-quality developments and our ability to meet the needs of our customers, obtained through inventory bookings in active projects, including the recently launched premium residences at Juhu, Ajmera Prive.”

In the December quarter, the company sold 63,595 square feet, including a recently unveiled building in Mumbai's affluent Juhu neighbourhood. When this new project received its RERA registration during the quarter, it had already booked more than 10% of its sales potential. The company sold nearly 3.01 lakh square feet of space in the first three quarters, an increase of 69% from a year earlier. The company's revenue for the December quarter increased by 40% to INR 1.16 billion, and for the entire nine-month period, it increased by 42% to INR 4.29 billion.

For the quarter ending in December, the real estate developer Ajmera Realty & Infra India reported a 19% year-over-year increase in sales value of INR 1.28 billion. The developer reported a 124% increase in sales for the nine months ending in December, totaling INR 6.94 billion, thanks to the strong sales pace. The performance in the first three quarters of 2022-23 is more than 1.6 times higher than the annual sales total from 2021-22. According to Dhaval Ajmera, Director of Ajmera Realty & Infra India, This rise shows the dedication of our staff, the quality of our customers' experiences, and the positive industry trends. We remain committed to expanding our business while keeping a healthy balance sheet. The sales for the quarter demonstrate the demand for our high-quality developments and our ability to meet the needs of our customers, obtained through inventory bookings in active projects, including the recently launched premium residences at Juhu, Ajmera Prive.” In the December quarter, the company sold 63,595 square feet, including a recently unveiled building in Mumbai's affluent Juhu neighbourhood. When this new project received its RERA registration during the quarter, it had already booked more than 10% of its sales potential. The company sold nearly 3.01 lakh square feet of space in the first three quarters, an increase of 69% from a year earlier. The company's revenue for the December quarter increased by 40% to INR 1.16 billion, and for the entire nine-month period, it increased by 42% to INR 4.29 billion.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?