Ajmera Realty Bets Big On Mumbai With ₹6,000 Crore Launch Pipeline | Realty Boom Still Strong?

Added: 2026-05-27

[00:00:00]In fact, let's take that conversation ahead. We've got Majiraa back on the show. Mr. Amera, hi, morning and thanks for your time. You know, congratulations on the kind of quarter and the year that you've seen. Looking ahead, you've guided for 2200 crores on the pre-sales front. It was 1,600 last year and you've managed to surpass it. But this jump from 1,600 to 2200 is quite steep. What gives you the confidence of meeting this number?

[00:00:23]>> Uh well u thank you very much for us uh inviting us. uh I think the market is uh you know support pretty supportive with the listed and branded players and well established players and what we see is with the way in spite of all this resilience with the war situation there is a good amount of inquiry which is still coming although uh traction is going a little slow people are taking a bit more time than what they were taking earlier but we are still very confident with the way market is going and we feel that it will continue in this financial year we are planning to launch about 7 to eight projects with a total GDP of around 6,000 plus crores. Uh and that is what is giving us confidence that we'll achieve uh about 2,200 crores of pre-sales in this financial year.

[00:01:09]>> Okay. So that looks really solid and that's a very good guidance as well. Uh talk to us about what's your outlook on collections. They've also seen a significant uptick in quarter 4.

[00:01:19]>> Yeah. uh you know lot lot of our projects are under fast execution and we are uh all most of our collections are based on uh project completion or project execution. So uh it is a direct linked about for execution of our projects versus the collection which is coming and that is where we have seen uh good uh numbers of uh money coming through collection and that's been a good rise. uh even this finally positive about the collection guidance and we will continue that to grow in the coming financial year as well because a lot of our projects are under midway under construction and that uh we are sure that we will have a good run rate on that too.

[00:01:59]>> Okay. Any visibility on what that number could be Mr. AJ?

[00:02:03]>> Uh well uh little difficult to say but I think it'll be a definitely a growth of around 20 25% from what it is today.

[00:02:11]5% uptick on your collections uh for from FI26 for FI27 is what you're guiding. Uh Mr. Ajira, you did mention the GDV that's in the works right now about 6,200 cr rupees. Talk to us about geographically where these projects are going to be lined up. What is going to be the share between Mumbai, Bangalore and maybe any other geographies if you're targeting.

[00:02:33]>> So uh most of our geography about 75% will be from Mumbai. uh we have around eight projects uh which we are planning to launch out of which uh you know two uh six two are from Bangalore uh one is in Pune and the others are going to be in Bombay >> and uh you know just want to get your sense on how things are panning out on the ground we've been hearing from a lot of players that because of the elections in West Bengal you did have a lot of labor that has gone away from the market now they've started to come back but have you seen any operational slowdown on the back of that >> uh Yes, definitely in the month of May uh we had seen a huge slowdown. A lot of uh problem was there and it was a double whammy impact because of the gas store shortage because of the labor shortage for the elections. People had gone to Bengal and usually during the month of May uh labor definitely goes back to their hometown. So all these three had a ripple effect coming in during the month of May and we had seen a lot of slowdown in our sites. uh but now we are slowly starting to see labor coming back and hopefully we should try to manage with uh you know the uh the delay which has happened in the month of May.

[00:03:46]>> Absolutely. And uh Mr. Ajumera also talk to us about how the how your realizations are shaping up on ground. I understand that on the back of the Middle Eastern war that we're seeing a lot of building materials. We've seen a lot of inflation over there as well. Are you passing on these costs? are you planning to pass on some of these hikes and what has the impact been on the business?

[00:04:08]>> See uh right now overall if I have to currently see because it is a very a project a real estate project usually takes about two or three years for it to complete. So it is not that uh you know today I may have an impact and tomorrow uh it will come to stabilization and then we have to see the overall impact on the cost. As of now we are not passing on that impact to our customers from whom we've already booked because that we can't do and we do not want to do as well. Uh but however if this continues probably in our pricing there might be a little bit of hike. Uh but overall currently it is about you know five four to 5% of cost overall increase incremental cost in the current market scenario. However, when the project is getting completed, if this still remains, then definitely there might be a hike in the upcoming or the future launches.

[00:04:56]>> Okay, understood. And lastly, Mr. Jira, I also believe that you have presence in the UK and Bahin, especially want to know what the situation is in Bahin right now given everything that's happening in the Middle East. Any any disruption to the business?

[00:05:10]>> Well, we've exited from Bahin a long time ago. Uh we do not have any more projects. We've sold that thing and we are only hoping to get realization from the project because that's how we've done the deal. But right now we have no exposure in Bahin and all our London projects are also completed and we are just awaiting one or two projects realization to come but beyond which most of all of our you know concentration is been in India now and we are looking at primarily Bombay, Pune and Bangalore.

[00:05:39]>> Okay. So that sounds good and Mr. Arj on that note thank you so much for your time. Congratulations on the quarter you've had and we hope to keep interacting with you as and when you come out with updates. Thanks so much for your time.