Ajmera Realty & Infra's FY24 Sales Booking Rises by 21% to Reach Rs 1,017 Crore

Ajmera Realty & Infra India Ltd has reported a substantial 21% increase in its sales booking for the fiscal year 2023-24, reaching an impressive total of Rs 1,017 crore. This surge in sales booking is attributed to the strong demand observed in the housing sector, marking a significant milestone for the Mumbai-based company.

In a recent regulatory filing, Ajmera Realty & Infra disclosed that sales booking in terms of carpet area experienced a notable growth of 28%, reaching 4,72,751 square feet during the fiscal year, compared to 3,70,219 square feet in the preceding year.

Dhaval Ajmera, Director at Ajmera Realty & Infra India, expressed satisfaction with the company's achievement, stating, "We have achieved our highest ever pre-sales figures, totaling Rs 1,017 crore, in alignment with our stated guidance. The company's relentless efforts have yielded remarkable results across aggressive acquisitions, business development endeavors, and execution strategies, underscoring excellence in every aspect of our operations."

During the fourth quarter of the fiscal year 2023-24, the company witnessed a remarkable surge in sales booking, with a substantial 63% increase to 1,12,931 square feet compared to the same period last year. Furthermore, sales booking in terms of value more than doubled to Rs 287 crore in the latest March quarter from Rs 140 crore in the corresponding period of the previous year.

Ajmera Realty & Infra's performance highlights its resilience and ability to capitalize on market opportunities despite challenges. The company remains optimistic about sustaining its growth momentum and contributing to the continued development of the real estate sector in the years to come.

The significant increase in sales booking reflects the company's successful strategies and underscores its commitment to excellence and continuous improvement. With a positive outlook for the future, Ajmera Realty & Infra is poised to further strengthen its position in the real estate market.