Ajmera Realty surges on launching Phase 1 of Ajmera Solis housing project in Vikhroli
Ajmera Realty is currently trading at Rs. 979.30, up by 32.10 points or 3.39% from its previous closing of Rs. 947.20 on the BSE.
The scrip opened at Rs. 929.75 and has touched a high and low of Rs. 986.90 and Rs. 922.45 respectively. So far 4389 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1225.80 on 07-Jan-2025 and a 52 week low of Rs. 682.75 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 999.20 and Rs. 922.45 respectively. The current market cap of the company is Rs. 3849.32 crore.
The promoters holding in the company stood at 68.23%, while Institutions and Non-Institutions held 1.99% and 29.78% respectively.
Ajmera Realty & Infra India has launched Phase 1 of Ajmera Solis, a premium and mid-segment housing project in Vikhroli, recording sales of around Rs 427 crore within the first 24 hours. The project witnessed a rapid uptake of 324 units, comprising around 1.94 lakh sq. ft. of carpet area. This performance represents a significant 81% sell-out against the launched inventory of 2.40 lakh sq. ft., marking one of the fastest sales velocities in this and adjoining markets.
Comprising 1 BHKs below Rs 1 crore, 2 BHKs below Rs 1.6 crore, and 3 BHKs under Rs 2.25 crore, the project delivers exceptional residential offerings at highly accessible price points. The upcoming multi-storey tower, developed on a land parcel acquired from Tata Communications in Vikhroli. With no legacy tenants, a clean title, and full development control, the offering has resonated strongly with homebuyers seeking modern, well-planned, and unobstructed living environments. The project is further fortified by a strategic Rs 88 crore transaction with a marquee investor, the first Private Equity deal in the company’s portfolio. This partnership, combined with secured credit lines and strong sales velocity, makes the project financially closed out on the current velocity of sales and poised for accelerated execution.
Ajmera Realty & Infra India is recognized as one of India's leading Real Estate Company.
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