Ajmera Realty & Infra India (ARIIL) has reported robust growth in Q3 FY24 with a significant 63% YoY increase in sales area, which totals 1,03,573 sq.ft as against 63,595 sq.ft in Q3 FY23 and an equivalent sales value of Rs 253 crore in Q3 FY24 as against Rs 128 crore in Q3 FY23, up by 98%.
Despite limited inventory, ARIIL's overall project performance remains strong. The 98% YoY growth in sales value came on the back of sustained interest in its key projects, Ajmera Manhattan and Ajmera Eden in Mumbai, as well as its projects in Bengaluru.
Ajmera Realty & Infra India is primarily engaged in real estate development. Its real estate business caters to the mid and hi-end housing segments. It also operates in the hospitality and entertainment, which includes dome theatres, retail and malls, etc.