Ajmera Realty Sees 20% YoY Rise In Collections

Ajmera Realty & Infra India Ltd, a leading real estate company with a pan India presence, announced its operational numbers for Q2FY25. ARIIL achieves sales value of INR 254 crores and collections of INR 133 crores for the Q2FY25 with a growth of 1% and 20% respectively as compared to the Q2 FY24

Ajmera Realty's performance remained stable during Q2FY25, with sales value recorded at INR 254 crore, reflecting a sustained market demand. Sales contribution came from across the portfolio, reaffirming the enduring demand for the existing projects.

Notably, the luxury offerings, Ajmera Manhattan and Ajmera Prive, received a robust response, highlighting a strong interest in premium properties. Ajmera Vihara at Bhandup, launched last quarter, is already 49% sold, showcasing its success in the first phase at a new micro market. Collections rose significantly by 20% YoY to INR 133 crore, indicating improved operational efficiency and strong customer demand.

Commenting on the Company’s operational performance for Q2FY25, Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, "In Q2FY25, we have achieved a stable performance with sales contributions coming from across our diverse portfolio. Ajmera Vihara, launched last quarter is already 49% sold, showcasing our ability to meet market expectations effectively. Ajmera Manhattan and Ajmera Prive sustenance sales achieved about 24% each in the quarter out of its available inventory. Along with this, the first phase of Ajmera Greenfinity is fully sold out. Our strategy to sale preleased units at Ajmera Nucleus, commercial project in Bengaluru achieved about 29% sales in the quarter out of its available inventory. On the strength of sales from the existing projects with several launches scheduled in the second half of FY25 during the festive season, we are confident in achieving our annual guidance and progressing towards our ambitious growth strategy. The positive sector outlook, supported by favorable regulations aimed at enhancing transparency and accountability, favors established players like us. Looking ahead, we are highly optimistic about the continued growth of the real estate market. We remain committed to delivering exceptional value to our stakeholders as we capitalize on the emerging opportunities in the market."