- Sales improve by 261% in the first quarter of 2022
Property developer Ajmera Realty and Infra India sales graph is crashing through the roof. In the first
quarter of the current year, it sold properties worth Rs 400 crore, which is 261 per cent more than the sales
record achieved in the first quarter of the last year. The developers’ collections in the first quarter of this
year achieved 93 percent growth to cross Rs 210-crore-mark when compared to the collections in the first
quarter of the last year. The gross profit of the company in the first quarter registered 13 percent growth
to settle at Rs 12 crore.
In spite of an increase in rate of interest on home loans, increase in prices of properties the real estate
sector is sailing smoothly. The current conditions are favorable to the developers. The sentiment
among the people to invest in the realty sector is on the rise leading to people inclining to make
investments in the realty sector in spite of the inflation, according to Ajmera Realty and Infra India
Director Dhaval Azmeera.
