Construction Industry News
For the quarter ended December, real estate developer Ajmera Realty & Infra India reported a year-over-year increase of 19% in sales value of INR 1.28 billion. The developer reported a 124% increase in revenue for the nine months ending December, totaling INR 6.94 billion, thanks to the strong sales pace. The performance in the first three quarters of 2022-23 is more than 1.6 times higher than the annual revenue total of 2021-22.
According to Dhaval Ajmera, Director of Ajmera Realty & Infra India: “This increase demonstrates the dedication of our workforce, the quality of our customers' experiences and the positive industry trends. We remain committed to growing our business while maintaining a healthy balance sheet. quarterly show the demand for our high quality developments and our ability to meet the needs of our clients, gained through stock bookings in active projects, including the recently launched premium residences in Juhu, Ajmera Prive.”
In the December quarter, the company sold 63,595 square feet, including a recently unveiled building in Mumbai's affluent Juhu district. When this new project received its RERA registration during the quarter, it had already booked more than 10% of its sales potential. The company sold nearly 3.01 lakh square feet of space in the first three quarters, up 69% from a year earlier. The company's revenue for the December quarter increased by 40% to INR 1.16 billion, and for the entire nine-month period, it increased by 42% to INR 4.29 billion.
252
599
951
1699
348
1199
384
1199
399
849
296
799
1095
2189
272
849
385
1284
400
1999
200
499
330
999
372
1199
