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Ajmera Realty & Infra India Ltd recorded a sharp rise in sales bookings during the third quarter of the current financial year, supported by improved demand for its housing projects. Sales bookings more than doubled on a year-on-year basis, while sales volumes also registered strong growth. The company reported a significant increase in cumulative bookings during the first nine months of the financial year, reflecting steady traction across its residential portfolio. Management attributed the performance to the company's asset-light strategy and expansion into new micro-markets. The developer stated that it has already surpassed its required run-rate for the year and remains confident of exceeding its full-year sales guidance.
Ajmera Realty & Infra India Ltd reported a more than two-fold increase in sales bookings during the third quarter of the current financial year, driven by stronger demand for its residential properties. According to a regulatory filing made earlier this week, the company's sales bookings rose to INR 603 crore during the quarter, compared with INR 270 crore in the corresponding period of the previous year. Advertisement
The company also recorded a significant increase in sales volumes. During the quarter, sales volume grew by 59 per cent to 262,975 square feet, up from 165,116 square feet reported in the year-ago period. The growth in both value and volume reflects improved absorption across the company's housing projects.
For the April to December period of the current financial year, Ajmera Realty's sales bookings increased by 72 per cent to INR 1,431 crore, compared with INR 830 crore in the corresponding period of the preceding year. The performance indicates sustained momentum in residential sales across multiple quarters.
Dhaval Ajmera, Director Corporate Affairs of Ajmera Realty & Infra India Ltd, said the company delivered a strong performance during the third quarter, achieving double growth in both sales and collections. He stated that the results reinforced the effectiveness of the company's asset-light strategy and its ability to expand into new micro-markets.
He further said that with sales bookings of INR 1,431 crore already secured during the current financial year, the company has exceeded its required run-rate. Based on the current performance, management remains confident of surpassing its full-year sales guidance of INR 1,600 crore.
Ajmera Realty & Infra India Ltd operates as a residential real estate developer with a presence across multiple urban markets. The company focuses on housing projects across different price segments and continues to pursue growth through partnerships and capital-efficient development models. The latest quarterly performance highlights continued demand for residential housing and the company's execution capabilities amid evolving market conditions.
Source - PTI
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