July 7, 2023: Real estate company Ajmera Realty & Infra India (ARIIL) has recorded a sales value of Rs 225 crore and collection of Rs 111 crore in the first quarter of the financial year 2023 (Q1 FY24), according to the company’s official release. The company recorded a sales value of Rs 140 crore and collection of Rs 103 crore in Q4 FY23. It has seen a growth of 60% and 8% respectively on Q-o-Q basis as compared to Q4 FY23.
ARIIL has recorded sales area (carpet area) of 1,35,460 square foot (sqft), which marks a 96% increase in the trailing quarter. According to the release, the sales growth during Q1 FY24 was led by the implementation of a revamped sales strategy for the company’s Bangalore projects.
Ajmera Eden, a residential project in Ghatkopar opened its sales booking during mid of June 2023 and recorded sales of over 14% of its sales potential, as stated in the release.
Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, “ARIIL has achieved sales of Rs 225 crore during Q1, showcasing our commitment to delivering outstanding results following a successful FY23 and setting the stage for a promising year ahead. The results reflect the successful implementation of our revamped sales strategy and the positive impact of the new launch of Ajmera Eden during the quarter. With stabilizing interest rates, we are witnessing a notable upturn in customer sentiment and a strong inclination to purchase from trusted brands like ours.”
See also: Ajmera Realty & Infra India sales value up by 95% in FY23
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