Kanjurmarg launch delays due to pending approvals
EC application not yet filed; CFO and collector approvals still in process. Launch may slip beyond Q4 FY26.
AJMERA / bear-case history
Track the concerns that keep returning.
Ajmera Realty & Infra India · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Slowdown in luxury sales velocity post-launch
Manhattan 2 saw lower unit sales in Q3 vs Q2; management attributed to price hikes and seasonal lull, but velocity may not sustain.
Competition from supply wave in MMR
Post-Supreme Court ruling, many projects are seeking approvals, potentially increasing supply and pressuring pricing.
Leasehold-to-freehold conversion for Kanjurmarg still pending
Process slowed due to elections; no clear timeline provided, which could impact project viability.