Ajmera Realty & Infra India Q2 Sales Up 82%
Realty developer Ajmera Realty & Infra India has recorded 82% on-year jump in sales at Rs 166 crore for the quarter that ended September. The quarterly performance has helped the company record a 181% growth in its sales at Rs 566 crore for the first half of the financial year 2022-23. The developer has sold a total of nearly 80,000 sq ft carpet area during the quarter. For the half year, the company’s sales volume rose 106% to over 2.37 lakh sq ft, while collections saw 44% rise at Rs 312 crore, the company said in a regulatory filing. We have continued to charter a growth trajectory with robust pre-sales despite all the headwinds, and are uniquely positioned on account of strong cash-flows, quality land bank and a diversified pipeline of new projects,” said Dhaval Ajmera, Director, Ajmera Realty & Infra India. While he expects challenges due to rising mortgage rates in the future, the impact of this, according to him, is likely to be insignificant given the latent demand in the real estate sector. According to him, the company is geared up for new launches in the coming quarters as part of its overall strategy to grow and gain market share.
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