Ajmera Group

What Ajmera Group does

Ajmera Group, operating through its publicly listed entity Ajmera Realty & Infra India Ltd. (NSE: AJMR), is a Mumbai-headquartered real estate developer founded in 1968 with a 58+ year operating heritage. The company develops and sells residential apartments ranging from 1 BHK to 4 BHK across multiple price tiers (affordable to luxury) and commercial office/retail spaces, with a portfolio spanning 100+ projects, 31+ million square feet delivered, and 48,000+ families served across six Indian cities (Mumbai, Bengaluru, Pune, Ahmedabad primarily) plus international ventures.

The business operates a direct-to-consumer sales model through corporate website (ajmera.com), project-specific landing pages, on-site sales offices, and model homes, supplemented by a dedicated NRI Corner for non-resident investors and digital content marketing via an SEO-optimized blog covering real estate education and locality guides. Revenue is generated primarily through one-time unit sales of residential and commercial properties, plus pre-leased commercial investment products. The company holds 17+ RERA registrations across active projects and maintains banking partnerships with HDFC Bank, ICICI Bank, SBI, and Axis Bank for buyer financing facilitation. Recent FY26 performance recorded pre-sales of Rs 1,701 crore (57% YoY growth), collections of Rs 1,103 crore (71% YoY growth), and multiple new project launches including Ajmera Solis (Vikhroli) which achieved 84% Phase 1 absorption.

Name

Ajmera Group

Legal name

Ajmera Realty and Infra Ltd.

Website

https://ajmera.com

Company type

Public

Founded year

1968

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Real Estate (5311), Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Lessors Of Real Property, Nec (6519), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Residential real estate
• Commercial real estate
• Luxury apartments
• Property development
• Real estate construction

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Residential Property Sales: Primary revenue stream from development and sale of residential apartments across various price points in Mumbai, Bengaluru, Pune, and Ahmedabad. Revenue recognized upon completion and handover of units to buyers.
2. Commercial Property Sales: Revenue from sale of commercial office spaces and retail premises, including projects like Ajmera Summit, Ajmera ICRC, and Ajmera Nucleus Commercial.
3. Pre-Leased Commercial Properties: Investment product targeting institutional and NRI investors seeking rental income from ready commercial spaces with existing tenants.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Ajmera Group (operating through Ajmera Realty & Infra India Ltd.) develops and sells residential apartments (1 BHK to 4 BHK) and commercial office spaces across prime locations in Mumbai, Bengaluru, Pune, and Ahmedabad. The company delivers projects across affordable, mid-segment, and luxury price points and also offers pre-leased commercial properties for investors seeking rental income.

Product overview

Ajmera Realty is one of India's leading real estate development companies, building residential and commercial properties since 1968. The company's portfolio spans multiple cities including Mumbai, Bengaluru, Pune, and Ahmedabad. Residential offerings include premium apartments ranging from 1 BHK to 4 BHK across various Mumbai locations (Wadala, Ghatkopar, Juhu, Andheri, Vikhroli, Malad, Bhandup), as well as projects in Bengaluru (Yelahanka, Electronic City), Pune (Koregaon Park), and Ahmedabad. Commercial offerings include office spaces and business centers. Major ongoing projects include Ajmera Manhattan, Ajmera Solis (recently launched in Vikhroli with strong sales absorption), Vann By Ajmera, Ajmera Prive, and Ajmera Eden. The company has delivered 31+ million sq. ft. across 100+ projects with 48,000+ families.

Differentiator

Problem solved

Functional benefit

Brands

• Ajmera i-Land: Residential project brand including i-Land Aeon, i-Land Zeon, and i-Land Treon in Bengaluru.
• Ajmera ICRC

Products and services

• Ajmera Manhattan Premium 2 and 3 BHK residential apartments located in Wadala (East), Mumbai, targeted at end-use homebuyers and investors.
• Ajmera Greenfinity 1 and 2 BHK residential apartments in Mumbai targeted at end-use homebuyers seeking affordable urban housing.
• Ajmera Prive Premium 3 and 4 BHK residential apartments in Juhu, Mumbai, targeted at luxury homebuyers.
• Ajmera Eden 2, 3 and 4 BHK residential apartments in Ghatkopar, Mumbai for families and end-use buyers.
• Vann By Ajmera 4 BHK luxury residential apartments in Andheri (West), Mumbai, targeted at premium luxury homebuyers.
• Ajmera Solis 1, 2 and 3 BHK residential apartments in Vikhroli (East), Mumbai for end-use homebuyers.
• Ajmera Shikhar Residential apartments in Malad (West), Mumbai targeted at end-use homebuyers.
• Ajmera Vihara 1 BHK residential apartments in Bhandup, Mumbai for affordable urban housing seekers.
• Ajmera Arham 2 BHK, 3 BHK and 4 BHK Elite Homes in Mumbai for premium homebuyers.
• Ajmera Lakeside Paradise Residential apartments in Yelahanka, Bengaluru for end-use homebuyers.
• Ajmera Iris Residential apartments in Bengaluru targeted at city homebuyers.
• Ajmera Marina Residential apartments in Bengaluru for end-use homebuyers.
• Ajmera i-Land Aeon 2, 3 and 4 BHK residential apartments, part of the completed i-Land project portfolio in Bengaluru.
• Ajmera i-Land Zeon Completed i-Land residential project in Bengaluru.
• Ajmera i-Land Treon Completed i-Land residential project in Bengaluru.
• Ajmera Annex Residential apartments in Electronic City, Bengaluru targeted at IT corridor professionals and end-use buyers.
• Ajmera Nucleus Residential Residential apartments in Mumbai targeted at end-use homebuyers.
• Ajmera Aria 4 BHK luxury apartments in Koregaon Park, Pune targeted at high-net-worth luxury buyers.
• Casa Vyoma Residential apartments in Vastrapur, Ahmedabad, Gujarat for end-use homebuyers.
• Ajmera Summit Commercial office spaces in Santacruz East, Mumbai targeted at businesses and commercial investors.
• Ajmera ICRC World-class commercial offices with palatial design, conference rooms, cafeteria, alfresco seating and multi-use lawns in Ghatkopar, Mumbai for modern entrepreneurs and businesses.
• Ajmera Nucleus Commercial Commercial office spaces in Electronic City, Bengaluru targeted at corporate tenants and investors.
• Ajmera Manhattan 2 Residential development located in Mumbai, launched as part of the Q4 FY26 new project lineup.
• 33Fifteen New residential development in Mumbai launched as part of the Q4 FY26 new project lineup.

Quantifiable outcome

• 57% YoY growth in annual pre-sales to Rs 1,701 crore in FY26
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Banking PartnerscoreOthersAjmera Group collaborates with multiple banking partners to facilitate home loans and financial services for buyers. The company maintains partnerships with HDFC Bank, ICICI Bank, SBI, Axis Bank, and other leading lenders. Banking partner logos are displayed on the corporate website under 'Our Banking Partners' section, indicating active financing support relationships.
• Ajmera i-Land Sports AcademyminorOthersAssociate company venture in sports development. Ajmera Group has diversified into sports through this initiative, part of the company's CSR and community engagement activities.
• Ajmera Global SchoolminorOthersAssociate company venture in education sector through Ajmera Global School, representing the group's diversification into social welfare and education.

Scale indicators14 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Shapoorji Pallonji Real Estate: Large privately-held Indian conglomerate with significant residential real estate arm across Mumbai and other cities. Comparable on Mumbai residential development and brand reputation, though private and more diversified than Ajmera.
• DLF Limited: India's largest listed real estate developer with national presence spanning residential, commercial, and retail. Larger and more diversified than Ajmera but comparable on residential apartment development and listed-developer status.

Direct peers

• Oberoi Realty: Mumbai-focused listed luxury and premium residential developer. Comparable on geography (Mumbai-centric), product positioning (premium apartments), and public-market listed-developer profile.
• Sobha Limited: Listed Indian developer with backward-integrated construction capabilities and pan-India residential projects. Comparable on residential development model, listed-company structure, and Bengaluru/South India market overlap.
• Mahindra Lifespace Developers: Listed Indian residential developer with Mumbai, Bengaluru, and Chennai presence. Comparable on residential apartment development, listed-company status, and similar mid-premium customer segments.
• Macrotech Developers (Lodha): India's largest listed residential real estate developer with deep Mumbai presence across luxury and mid-income segments. Directly comparable to Ajmera on customer base (Mumbai homebuyers), product mix (apartments), and listed-market exposure.
• Prestige Group: Listed South-Indian developer (Prestige Estates Projects) with significant Bengaluru presence overlapping Ajmera's Bengaluru projects. Comparable on residential apartment offerings, listed-company structure, and target buyer segments.
• Brigade Enterprises: Listed Bengaluru-headquartered developer with diversified residential and commercial portfolio. Direct comparable on Bengaluru market exposure and similar mid-premium product positioning.
• Phoenix Mills: Listed Indian developer with retail-led commercial real estate focus. Comparable on commercial office/retail development in Mumbai and listed-company structure, though retail-anchored rather than residential-focused.
• Godrej Properties: Listed Indian developer with national footprint across residential and commercial, with strong Mumbai presence. Comparable product range (1-4 BHK apartments), customer segments, and listed-company governance profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/ajmera-realty
• Xx.com/ajmerarealty
• Facebookfacebook.com/ajmerarealty

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ajmera Group