Ajmera Realty & Infra to launch six projects in next two financial years

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Ajmera Realty & Infra India Ltd on Tuesday said it will launch six projects in Mumbai and Pune during the next two financial years and it expects to generate sales worth Rs 4,000 crore. In a regulatory filing, the company said it expects "to clock in sales worth around Rs 5,000 crore in the next 3-5 years from its future launches as well as its existing projects."

 

The investment for all the six new projects will be funded through a mix of internal accruals, bank loans and advances from customers against sales.

 

Ajmera Realty & Infra will launch five new projects in Mumbai and one project in Pune. Among the upcoming projects in Mumbai, four will be residential and one will be a mix use category. In Pune, it will be a residential project.