The real estate market in India has witnessed a significant boom, driven by increasing demand for both residential and commercial properties. Factors such as growing urbanization, rising incomes, and low interest rates have contributed to a surge in property demand, particularly in the luxury segment. The prices of high-end properties have been rising steadily, fueled by a shift towards premium living and investments in upscale developments.
Leading players in the Indian real estate market include DLF Ltd., Godrej Properties, Oberoi Realty, and Prestige Estates. These companies have expanded their portfolios with luxury residential projects, commercial spaces, and integrated townships. The demand for luxury properties in cities like Mumbai, Delhi, Bangalore, and Pune has escalated, attracting both domestic and international investors. This trend reflects a growing preference for high-quality living and a robust real estate market.
Share Price
The shares of Ajmera Realty & Infra India Limited are trading at Rs. 1,055 up by 1.35% from its previous close of Rs. 1,044.85 as of November 28, 2024. The stock also touched an intraday high of Rs. 1,111.
Recent Update
Ajmera Realty & Infra India Ltd. (ARIIL) has successfully repaid INR 100 crores of its corporate debt, utilizing funds raised from its recent equity offering of INR 225 crores. This early debt repayment, ahead of the scheduled due date, is expected to significantly reduce interest payments on the company’s outstanding debt.
As a result, the company’s debt has been reduced from INR 793 crores (as of Q2 FY25) to INR 693 crores. The move is anticipated to improve ARIIL’s financial performance by lowering borrowing costs, and positioning the company for better returns in the future.
This strategic debt reduction underscores the company’s commitment to strengthening its balance sheet and driving sustainable growth.
Management Commentary
Commenting on the same, Mr. Dhaval Ajmera, Director, Ajmera Realty & Infra India Ltd, said, “This
is a strategic move towards de-leveraging, and we are glad to reduce our corporate debt significantly. This exercise will help ease our debt-equity ratio and reinforce the management’s commitment to higher growth and wealth creation for its stakeholders. As a company, we are dedicated towards our commitment to attaining 5x growth, and this move is a significant contributor towards that goal.”
About the Company
Ajmera Realty & Infra India Limited (ARIIL) is a well-established name with a strong presence across India. The company boasts significant development potential, particularly in its prime land parcels at Ajmera I-Land, Bhakti Park, and Wadala in Central Mumbai.
Its current projects include high-profile developments like Manhattan, Greenfinity Next Phase, Bhandup, Prive, and Eden in Mumbai, along with notable projects in Bangalore such as Ajmera Lugaano and Ajmera Florenza. ARIIL is focused on premium and mid-luxury residential developments, catering to the growing demand for high-end properties.
Written By: Dipangshu Kundu
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
