Ajmera Realty & Infra April-June sales up 261% YoY at Rs 400 crore

Ajmera Realty & Infra India has reported over 261% on-year rise in sales worth Rs 400 crore for the quarter ended June. The company sold 1.57 lakh sq ft carpet area, which was an incremental growth of 155% from the 61,663 sq ft sales achieved in the year ago period.

Collections for the quarter also rose 126% to Rs 210 crore.

“Despite the high input cost scenario and projected high interest environment, we are observing a positive momentum from the home buyers. As announced earlier it will be our endeavor to launch new projects in FY23 and take the growth momentum forward,” said Dhaval Ajmera, Director, Ajmera Realty & Infra India.

The company has performed exceptionally well during the quarter on the back of a key launch in April, he added.

According to the developer, sales velocity has been observed in a quarter despite headwinds from the introduction of metro cess, higher input costs and upward revision of the repo rate.