Ajmera Group

Ajmera Realty records Rs 694 crore sales in first nine months of FY23

The sold area also included a recently launched project at Juhu which clocked sales of over 10 per cent of the sales potential on receipt RERA registration during the quarter

Ajmera Realty & Infra Q1 sales bookings jump over 3-fold to Rs 400 crore

Ajmera Realty & Infra India Ltd on Thursday reported an over three-fold jump in its sales bookings to Rs 400 crore for the quarter ended June on better demand. Its sales bookings stood at Rs 111 crore in the year-ago period, the company said in a statement. The carpet area sold by the company stood at 1,57,438 square feet in April-June period of this fiscal as against 61,663 square feet in the year-ago period. Dhaval Ajmera, Director at Ajmera Realty & Infra India, said, "The company performed exceptionally well during Q1 FY23 on the back of the Ajmera Manhattan launch during April 2022." "Despite the high input cost scenario and projected high interest environment, we are observing a positive momentum from the home buyers. As announced earlier, it will be our endeavour to launch new projects in FY23 and take the growth momentum forward," he added. The Mumbai-based company said its sales bookings grew significantly despite headwinds from the introduction of metro cess, higher .

Ajmera Realty Q4 profit at Rs 14 cr; revenue jumps two folds to Rs 184 cr

Ajmera Realty & Infra India on Thursday reported 12 per cent increase in consolidated net profit at Rs 14.01 crore for the quarter ended March 2022. Its net profit stood at Rs 12.48 crore in the year-ago period. Total income rose to Rs 183.62 crore in the fourth quarter of the last fiscal year from Rs 79.78 crore in the year-ago period, according to a regulatory filing. Net profit rose to Rs 45.39 crore in the last fiscal year from Rs 30.18 crore in 2020-21. Total income surged to Rs 489.11 crore in 2021-22 from Rs 351.79 crore in the previous year. Dhaval Ajmera, Director Ajmera Realty & Infra India said: "India's real estate sector has shown significant improvement in every quarter of FY22, reinforcing growth momentum. As the pandemic begins to wane across the country, we expect the real estate sector to continue positive growth over the next few years.

Ajmera Realty profit up 48% to Rs 11.43 crore in September quarter

Ajmera Realty & Infra India Ltd on Thursday reported a 48 per cent increase in its consolidated net profit at Rs 11.43 crore for the quarter ended September. Its net profit stood at Rs 7.70 crore in the year-ago period. Total income fell to Rs 100.08 crore in the second quarter of this fiscal year from Rs 109.32 crore in the corresponding period of the previous year. Net profit more than doubled to Rs 21.69 crore during the first six months of this fiscal year from Rs 9.80 crore in the corresponding period of the previous year. Total revenue rose to Rs 235.35 crore during the April-September period of this fiscal year from Rs 149.48 crore in the year-ago period. Dhaval Ajmera, Director Ajmera Realty & Infra India, said: "The improved pandemic scenario and the low home loan rates have provided the required traction to our ready-to-move and under-construction projects. We are on the path of debt reduction." The company plans to launch three new projects this year to continue its

Ajmera Realty expects Rs 4,000 cr revenue in 3-4 years from 7 projects

The city-based developer Ajmera Realty is expecting around Rs 4,000 crore in topline from the upcoming seven projects which need an investment of around Rs 2,500 crore, a top company official has said. The company, which had a revenue of Rs 330 crore in the pandemic-hit FY21, is expecting to close FY22 with Rs 500 crore and has started off the fiscal on a robust note with the June quarter sales touching Rs 134 crore. It earned a profit of Rs 10.26 crore in Q1, up from Rs 2.10 crore in June 2020. The proposed seven projects are coming up in Mumbai (four, one of which is a relaunch in the Mulund area), Pune (two) and one in Bengaluru and will have a saleable area of around 2 million sqft when fully developed. "We are expecting topline to grow by Rs 4,000 crore from these seven projects and have budgeted around Rs 2,500 crore of investment in these projects," Dhaval Ajmera, director of Ajmera Realty & Infra, told PTI on Monday. "Despite the pandemic we almost doubled our sales in the

Ajmera Group announces first overseas project in Bahrain, four in London

It has formed a strategic partnership with Mayfair Housing and formed Ajmera Mayfair Realty Group to jointly invest Rs 14 bn into developing residential towers in Bahrain called Golden Gate