The total carpet area sold during the quarter also shrank by 52%, settling at 63,244 square feet.
The project will be developed in a single phase and has a carpet area of approximately 71,300 sq ft. Ajmera Realty estimates sales revenue from the project to be ₹320 crore.
Ajmera Realty has been actively managing and strengthening its debt profile, which has helped to drive up its share price.
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