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

10 Jan 2023 CW Team

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.

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