Ajmera Realty has just released its Q1 FY26 numbers. And it’s a mix of slowdown and strength.
The company saw its Q1 sales drop 65% year-on-year to ₹108 crore, mainly due to regulatory delays. These delays impacted project approvals and pushed back key launches. But here’s the twist—collections rose by 42% YoY, reaching ₹234 crore. That’s serious cash in hand.
Why the Drop in Sales?
According to Ajmera Realty, sector-wide hurdles made it harder to push out new projects. Some key launches were stuck in approval limbo. On top of that, existing projects had limited inventory left to sell.
The carpet area sold fell 52%, down to 63,244 sq. ft. from 1,30,801 sq. ft. last year. So, fewer homes were sold. But this wasn’t about demand—it was about what was available and what was ready.
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But Look at Those Collections
While top-line sales figures dropped, collection growth was strong. The ₹234 crore collected this quarter proves the business is running efficiently. It shows that the projects already in motion are being delivered well, and buyers are paying up.
Dhaval Ajmera, Director of Corporate Affairs, put it clearly:
“We are pleased with the 42% YoY growth in collections. It shows our operational efficiency. Delays in approvals held back new launches, and limited inventory affected sales.”
What’s Next for Ajmera Realty?
The company isn’t slowing down. It plans to deliver around 1,000 homes by H2 FY26. Work is ongoing across six major residential projects in Mumbai and Bengaluru.
Ajmera Realty says its focus remains on timely delivery, smart design, and sustainability. This is what buyers in today’s market are looking for—and the company is betting big on that.
Their land bank at Ajmera I-Land, Bhakti Park, Wadala, and other parts of Central Mumbai offers a massive future growth runway.
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