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 / Q3-FY26 / risks
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Ajmera Realty & Infra India · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
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.