Ajmera Realty Q3 Sales Bookings Soar 2-Fold to Rs 603 Cr on Strong Housing Demand

• Ajmera Realty & Infra India Ltd reported a more than two-fold jump in sales bookings to Rs 603 crore in Q3 FY24.
• This marks a significant increase from Rs 270 crore in the same period last year, driven by better demand for housing properties.
• Sales volume surged by 59% to 2,62,975 square feet, up from 1,65,116 square feet previously.
• For April-December, sales bookings grew 72% to Rs 1,431 crore, compared to Rs 830 crore in the prior year.
• Director Dhaval Ajmera attributed the strong performance to an asset-light strategy and expansion into new micro-markets, expressing confidence in exceeding the yearly guidance of Rs 1,600 crore.

Why It Matters: Ajmera Realty's Q3 sales bookings doubled to Rs 603 crore, exceeding targets due to strong housing demand.