Ajmera News Today

Real estate developer Ajmera Realty & Infra India reported a significant increase in consolidated net profit, up by 186% year-on-year to Rs 30 crore for the quarter ending in December. Sales also saw a notable rise, up by 98% year-on-year to Rs 253 crore. Collections increased by 30% compared to the previous year, reaching Rs 151 crore, attributed to strong sales and efficient project execution.

The project in Malad area of Mumbai will include component of rehousing 342 existing members of both the societies, and this redevelopment will lead to sale potential of 3.42 lakh sq ft of RERA carpet area, according to company statement

Pti: Surat’s leading textile manufacturer Ajay Ajmera and Ashneer Grover share entrepreneurial insights

Cafe Coffee Day: The National Company Law Appellate Tribunal has stayed the admission of Coffee Day Enterprises following a challenge by the promoter, Malavika Hedge, who argued that the default occurred during a calm period amid the global pandemic in March 2020, when lenders were barred from approaching the National Company Law Tribunal.

"There is an apprehension that sales may be impacted with slower recovery in rural areas than expected," said Nirvi Ashar, fundamental research analyst at Religare Broking. The company is scheduled to announce its first-quarter results on August 4.

"There is an apprehension that sales may be impacted with slower recovery in rural areas than expected," said Nirvi Ashar, fundamental research analyst at Religare Broking. The company is scheduled to announce its first-quarter results on August 4.

The application, seeking a stay on the NCLT order, was listed for hearing before a NCLAT bench comprising Justice Rakesh Kumar Jain and Shreesha Merla on Friday. Earlier on July 20, the Bengaluru bench of the NCLT passed an order over a plea filed by IndusInd Bank, a financial creditor of the company, claiming dues of Rs 94 crore.

Stamp Duty: On Wednesday, the state government issued a notification to this effect in line with the Bombay High Court’s ruling pronounced in February. This has put an end to long-drawn litigation pending since 2006 and is a major relief for the real estate sector, especially the redevelopment segment.

On Wednesday, the state government issued a notification to this effect in line with the Bombay High Courts ruling pronounced in February. This has put an end to long-drawn litigation pending since 2006 and is a major relief for the real estate sector, especially the redevelopment segment.

Ajmera: Coffee Day Global, which operates Cafe Coffee Day chain, was admitted in bankruptcy court for insolvency proceedings on the behest of IndusInd Bank, which filed a claim in court that the company had defaulted on term loans of Rs 115 crore that were disbursed to it in 2019.