Page 2 - Ajmera Group
Ajmera Realty expects Rs 4,000 cr revenue in 3-4 years from 7 projects
The city-based developer Ajmera Realty is expecting around Rs 4,000 crore in topline from the upcoming seven projects which need an investment of around Rs 2,500 crore, a top company official has said. The company, which had a revenue of Rs 330 crore in the pandemic-hit FY21, is expecting to close FY22 with Rs 500 crore and has started off the fiscal on a robust note with the June quarter sales touching Rs 134 crore. It earned a profit of Rs 10.26 crore in Q1, up from Rs 2.10 crore in June 2020. The proposed seven projects are coming up in Mumbai (four, one of which is a relaunch in the Mulund area), Pune (two) and one in Bengaluru and will have a saleable area of around 2 million sqft when fully developed. "We are expecting topline to grow by Rs 4,000 crore from these seven projects and have budgeted around Rs 2,500 crore of investment in these projects," Dhaval Ajmera, director of Ajmera Realty & Infra, told PTI on Monday. "Despite the pandemic we almost doubled our sales in the
 "Ajmera Realty expects Rs 4,000 cr revenue in 3-4 years from 7 projects")
Ajmera Group announces first overseas project in Bahrain, four in London
It has formed a strategic partnership with Mayfair Housing and formed Ajmera Mayfair Realty Group to jointly invest Rs 14 bn into developing residential towers in Bahrain called Golden Gate
 "Ajmera Group announces first overseas project in Bahrain, four in London")
