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Ajmera Realty & Infra India Ltd, a leading real estate company in India, recently released its operational numbers for the second quarter of fiscal year 2024. The results are nothing short of remarkable, with a significant surge in sales. Ajmera Realty demonstrated an outstanding 52% year-on-year increase in sales, achieving a 51% growth in sales area and a 52% rise in sales value.
This performance can be attributed to several factors, including the continued momentum generated by projects like Ajmera Eden, robust demand spanning various segments and regions, and the positive impact of the Reserve Bank of India's decision to pause rate hikes.
Dhaval Ajmera, Director of Ajmera Realty & Infra India Ltd, provided insight into the company's Q2 FY24 performance. He emphasized the importance of pre-sales and business development activities in bringing the company closer to its goal of achieving a sales target of approximately INR 1,000 crores for the current fiscal year. He expressed confidence in maintaining this positive trajectory through upcoming project launches and a continuous focus on untapped micro-markets, in line with their ambitious 5x growth strategy.
As they head into the festive season, the company recognizes their dedicated team and the stability of interest rates as crucial factors driving growth and fostering confidence among buyers. They remain steadfast in their commitment to delivering strong pre-sales growth, driven by the introduction of new projects and the availability of ready-to-move-in inventory.
In conclusion, Ajmera Realty's strong performance extends beyond their sales numbers. In a regulatory filing, the company reported a 52% increase in sales bookings during the second quarter of the fiscal year, totalling INR 252 crores. This substantial growth is the result of robust demand in the housing sector. In terms of sales volume, there was a 51% increase year-on-year, with the sales area expanding to 1,20,787 square feet from 79,976 square feet in the previous year.
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