Ajmera Realty marks leading Housing sales - 37% sold within a week of Launch

Ajmera Realty & Infra India Ltd, a real estate developer located in Mumbai, claimed in a statement that within a week of the start of its most recent residential project in Bengaluru, 37% of the inventory had been sold.

According to the announcement, Ajmera Realty sold 59,000 square feet of the 1.59 lakh square feet of the aforementioned project, Ajmera Iris in Electronic City, Phase 2, for ₹60 crore.

The project spans 4.5 acres and consists of 11 towers with a total of 215 2 BHK and 3 BHK units, each with B+G+4 storeys. It also has more than 25 lifestyle amenities, two clubhouses, and swimming pools. 

In answer to HT.com's inquiry, Ajmera Realty stated that the project is anticipated to be finished in December 2026.

According to the corporate statement, Ajmera Iris is well situated close to important infrastructure, including Hosur Road and the Bengaluru Metro-Rail Network, and it also offers easy access to major MNCs and IT clusters.

On October 28, Ajmera Realty & Infra India Limited said that its consolidated net profit for the September quarter had increased by 57% to ₹35.35 crore. In the previous year, its net profit was Rs. 22.53 crore.

Ajmera Realty & Infra India Ltd. has completed projects totaling more than 20 million square feet over the period of 55 years, according to the company's presentation to investors. The brand now has over one million square feet of projects in various phases of development.

Dhaval Ajmera, director, Ajmera Realty & Infra India, says, “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.”

He added, “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”.