Ajmera Realty Aiming For 40% Pre-Sales Growth Over Next Two Years

He said the next two to three years will be big years for real estate companies. “We have two to three large projects and a number of other larger projects in the works. We are still crunching the numbers, but given the guidance to date, We should expect an increase of 30% to 40% compared to the previous year,” a top executive said in an interview with NDTV Profit.

“So, from the guidance of Rs 1,350 crore given this year, we expect it to grow in the range of 30-40 per cent in the next two years,” he added.

Highlighting the company’s strong performance over the past six months, Ajmera said, “The second half of the year is also shaping up to be exciting. We have several projects launched. Existing projects that continue to generate strong sales There are several.

According to a director at Ajmera Realty, the rise in real estate prices across India is likely to be short-term due to the fact that “every developer today is looking for a significant amount of sales and is clearing inventory to complete deals.” It is expected that prices will continue to rise.

He expects prices to rise over the next two years, but said: “It should be in the single digits related to costs and inflation.”

Ajmera believes the recent rise in real estate prices will not impact the industry as there is excess demand.

Ajmera Realty and Infrastructure India’s share price closed 7.43 per cent higher at Rs 886 a share on the NSE on Monday, compared to 0.65 per cent gain in benchmark Nifty 50s.