Ajmera Realty's Bengaluru project launch sees strong festive sales, Books 37% in Diwali week

In a landmark achievement, Ajmera Realty & Infra India Ltd (ARIIL) launched residential project - Ajmera Iris in Electronic, City Phase 2, Bengaluru. ARIIL sold 59,000 sq. ft. out of 1,58,859 sq. ft in the project for value of INR 60 crores. These sales represent about 37% of the ARIIL's inventory sold, achieved within a week of its launch following RERA registration.

ARIIL has reinforced its industry leadership with impressive pre-sales for its latest project, Ajmera Iris, in Bengaluru's sought-after Electronic City. The project offers a wide of range of lifestyle amenities for an enhanced living experience. Strategically located near major infrastructure like Hosur Road and the Bengaluru Metro-Rail Network, Ajmera Iris combines proximity to top MNCs and IT hubs with access to natural surroundings, creating an ideal blend of convenience and quality living for residents.

Commenting on the launch, Mr. Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, "The real estate market of Bengaluru is witnessing a significant rise in demand for quality and spacious living, driven by a robust job market and strong purchasing power in the Startup Hub of India.

The idea to launch Ajmera IRIS is influenced by this upbeat sentiment among homebuyers and investors alike. We have witnessed a tremendous response and recorded stellar pre-sales within a matter of days of the launch. A strategic expansion of our portfolio in this micro-market, this venture is in line with our guidance for the year and is a strong testimony to our ambitious 5x growth."

Shares of Ajmera Realty & Infra India Limited was last trading in BSE at Rs. 965.95 as compared to the previous close of Rs. 965.40. The total number of shares traded during the day was 18874 in over 1072 trades.

The stock hit an intraday high of Rs. 1000.00 and intraday low of 957.35. The net turnover during the day was Rs. 18386601.00.

Source : Equity Bulls

Keywords

AjmeraRealtyandInfraIndia INE298G01027 Bengaluru ProjectLaunch Bookings FestivalSales