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Ajmera Realty & Infra India reported a 35% year-on-year increase in sales value to INR 146 crore for the first quarter of FY27, driven by sustained demand across its residential projects in the Mumbai Metropolitan Region. Customer collections stood at INR 173 crore, while sales volume declined amid a lower number of project launches during the quarter. The company said it remains focused on expanding its development pipeline and achieving its FY27 sales guidance through upcoming launches across key micro-markets.
Ajmera Realty & Infra India Ltd has reported a 35% year-on-year increase in sales value for the first quarter of FY27, with bookings reaching INR 146 crore, reflecting continued demand for its residential projects despite a relatively slower launch cycle during the quarter. The company also recorded customer collections of INR 173 crore, underscoring healthy cash flow generation from ongoing projects.
According to the company's operational update, the growth in sales value was supported by sustained demand across its residential portfolio, particularly in the Mumbai Metropolitan Region (MMR), where Ajmera Realty continues to focus its expansion strategy. While the value of bookings improved, the company reported a decline in sales volume to 43,737 sq ft, primarily due to fewer project launches compared with the corresponding period last year.
The developer has maintained its growth outlook for FY27, backed by an extensive launch pipeline across Mumbai and other strategic markets. Management believes upcoming project launches and continued demand in premium and mid-income residential segments will support higher sales momentum over the remainder of the financial year.
Ajmera Realty ended FY26 on a strong note, achieving its highest-ever annual pre-sales of INR 1,701 crore, a 57% year-on-year increase, while customer collections surged 71% to INR 1,103 crore. The company has set a pre-sales target of INR 2,200 crore for FY27, supported by a robust pipeline of new developments and redevelopment projects.
The company has been actively strengthening its presence in redevelopment and urban housing projects, particularly in Mumbai, where limited land availability continues to make redevelopment a key growth avenue for developers. It also has projects in Bengaluru and other select cities, although MMR remains its primary market.
India's residential real estate sector has continued to witness resilient demand despite elevated property prices and interest rates. Developers with a strong presence in established urban markets have benefited from sustained demand for premium and mid-segment housing, aided by improving infrastructure and redevelopment opportunities.
Ajmera Realty expects these market trends to continue supporting sales during FY27. The company plans to capitalise on its project pipeline, execution capabilities and established brand presence to achieve its operational targets while maintaining a disciplined approach to cash flows and project delivery.
With healthy collections, a strong launch pipeline and improving demand across key markets, the developer remains focused on sustaining growth and strengthening its position in India's residential real estate sector. The company's operational performance during the first quarter provides an encouraging start towards achieving its full-year business objectives.
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