Ajmera Realty to Launch 9 Projects in FY26 Across Three Major Cities

A New Era for Ajmera Realty

Ajmera Realty is poised to make a significant mark in FY26, unveiling nine new projects with a combined gross development value of Rs 6,500 crore across Mumbai, Pune, and Bangalore. This bold move comes on the back of a resurgent luxury real estate market, shaped by stable mortgage rates, improved job creation, and robust salary growth-all factors that have boosted home affordability and buyer confidence.

Positive Market Outlook and Key Trends

According to Dhaval Ajmera, Director at Ajmera Realty, the outlook for India’s real estate sector in FY26 remains optimistic. The company anticipates calibrated growth, with moderate price hikes and developers holding legacy land banks enjoying greater pricing flexibility. Demand is expected to stay strong in the mid-income to luxury segments, driving healthy pre-sales momentum. However, delays in new launches may occur due to regulatory approval challenges-a common hurdle for developers in top cities like Mumbai, Pune, and Bangalore.

Interest Rates and Buyer Sentiment

The Reserve Bank of India’s decision to reduce the repo rate to 6% in April 2025 has had a positive effect on both buyers and developers. Lower interest rates are reviving demand among first-time and mid-segment buyers, while developers benefit from reduced financing costs, enabling faster project execution and improved project viability.

Luxury Segment: Rising Demand and Ajmera’s Edge

Luxury real estate demand has soared post-COVID, driven by a new focus on privacy, expansive layouts, and wellness-centric amenities. Ajmera Realty is capitalizing on this trend by leveraging its land bank and expanding through joint ventures, SRA projects, and redevelopment initiatives. Flagship luxury projects like Ajmera Prive in Juhu (with 69% inventory sold) and Ajmera Manhattan in Wadala (88% sold) underscore the company’s strong brand presence and commitment to thoughtful design and curated amenities.

FY26 Project Pipeline and Revenue Visibility

Ajmera Realty’s FY26 pipeline is robust, with nine launches planned in high-growth regions. The company projects topline revenue of Rs 750 crore for the current year and expects revenue visibility of Rs 8,400 crore over the next 5–6 years, with Rs 1,900 crore from ongoing projects and the rest from upcoming launches. The strategy is to deepen market penetration in MMR, Pune, and Bangalore rather than expanding into new geographies, leveraging existing opportunities in these dynamic urban hubs.

Challenges in Mumbai’s Real Estate Market

Despite the positive outlook, Mumbai’s developers face several challenges. Environmental and legal hurdles, such as impact assessments and regulatory compliance, slow down project approvals and inflate costs. The redevelopment segment is fiercely competitive, and rising land and commodity prices further squeeze margins. Additionally, stricter lending criteria from financial institutions and unchecked land costs add to the financial strain, making it difficult for developers to initiate new projects.

Ajmera Realty’s Resilient Growth Strategy

Ajmera Realty’s approach-balancing organic growth with strategic partnerships and a focus on premium offerings-positions it well for the evolving market. The company’s legacy of reliability, customer-centric design, and adaptability to regulatory changes ensures it remains a trusted name in Indian real estate.