Ajmera Realty & Infra India Ltd. reported a 36 percent increase in sales bookings, reaching INR 306 crore in the first quarter of this fiscal year, driven by strong demand. This marks a rise from INR 225 crore in the same period last year. Director Dhaval Ajmera credited the growth to the successful launch of 'Ajmera Vihara' in Mumbai. The company is optimistic about its future, with a substantial pipeline of seven new projects estimated at INR 4,300 crore. Ajmera Realty specialises in luxury and mid-luxury residential projects, boasting substantial development potential in Mumbai's premier locations.
Ajmera Realty & Infra India Ltd. announced a notable 36 percent increase in sales bookings, reaching INR 306 crore in the first quarter of this fiscal year, driven by strong demand. This marks a significant rise from the INR 225 crore in property sales during the same period last year. Dhaval Ajmera, Director of Ajmera Realty & Infra India, attributed this impressive growth to the successful launch of their project 'Ajmera Vihara' in Bhandup, Mumbai.
Reflecting on FY24, Ajmera acknowledged it as an exceptional year, and Q1 FY25 commenced with notable progress towards fulfilling their annual targets. He emphasised the company's dedication to future growth and their ambitious strategy to achieve a fivefold increase. Looking ahead, he expressed optimism about their substantial pipeline of seven new projects, with an estimated gross development value (GDV) of approximately INR 4,300 crore.
Ajmera noted that the sector outlook remains positive. Ajmera Realty & Infra India Ltd. is one of the leading players in the Mumbai Metropolitan Region (MMR), with a PAN India presence and an international footprint. The company focuses on premium developments in luxury and mid-luxury residential segments, and their strategic focus has driven growth and success in a competitive market.
Ajmera Realty's strategic vision and execution drive its robust performance. The launch of 'Ajmera Vihara' exemplifies this approach, combining strategic location, superior design, and comprehensive amenities to attract discerning buyers. The company's forward-looking strategy includes leveraging its extensive land bank for future developments. Their substantial land parcels at Ajmera I-Land, Bhakti Park in Wadala, and Central Mumbai offer significant development potential, positioning them for sustained growth and expansion in the coming years.
In conclusion, Ajmera Realty & Infra India Ltd.'s impressive performance in the first quarter highlights its strategic prowess and commitment to growth. With a robust pipeline of projects and a focus on premium developments, the company is well-positioned to continue its upward trajectory. The successful launch of 'Ajmera Vihara' and the positive market outlook reinforce Ajmera Realty's status as a leading player in the real estate sector.
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