Ajmera FY27 launch plan totals Rs 7,008 crore estimated GDV

Ajmera plans eight potential FY27 launches with estimated gross development value (GDV) of Rs 7,008 crore, led by a Rs 4,104 crore Mumbai South Central boutique office project planned for Q4 FY27. The projects span Mumbai, Bengaluru and Pune, with total estimated carpet area of 38,28,445 square feet and ownership stakes from 47% to 100%.

What does Ajmera plan to launch in FY27?

Ajmera lists one potential launch in Q3 FY27 and seven in Q4 FY27, together carrying Rs 7,008 crore of estimated GDV. Solis - Phase 2 in Mumbai is the sole Q3 FY27 entry, with Rs 157 crore of estimated GDV, 73,800 square feet of carpet area and estimated completion in Q1 FY30.

The seven Q4 FY27 projects have estimated completion dates ranging from Q2 FY29 for Bengaluru North Yehlanka to Q4 FY32 for Mumbai South Central Boutique office. The source identifies all eight entries as potential launches, meaning the launch quarters, project completions, GDV and carpet-area figures are estimates.

Which Ajmera launch has the largest planned GDV?

Ajmera’s Mumbai South Central Boutique office is the largest proposed FY27 launch, with Rs 4,104 crore of estimated GDV and 10,27,300 square feet of carpet area. The project is planned for Q4 FY27 and has estimated completion in Q4 FY32; its GDV is about 59% of the Rs 7,008 crore total pipeline.

Ajmera’s Wadala outlook identifies the project as Boutique Office - Phase 1, giving the same Rs 4,104 crore GDV and a rounded carpet-area figure of 10.3 lakh square feet. Mumbai Western Suburb Borivali is the next-largest FY27 entry at Rs 1,352 crore, while Pune North Vishrantwadi has Rs 665 crore of GDV but the largest listed carpet area at 16,12,100 square feet.

How are Ajmera’s FY27 launches split by market and ownership?

Ajmera’s three Mumbai projects have combined estimated GDV of Rs 5,613 crore, compared with Rs 730 crore across four Bengaluru projects and Rs 665 crore for Pune North Vishrantwadi. Mumbai therefore accounts for about 80% of the Rs 7,008 crore potential-launch total, and each Mumbai project is shown with 100% ownership.

The four Bengaluru projects are each shown with 70% ownership, estimated GDV between Rs 84 crore and Rs 389 crore, and completion dates from Q2 FY29 to Q1 FY31. Pune North Vishrantwadi has 47% ownership, an estimated Q4 FY27 launch and Q4 FY30 completion; Ajmera does not provide ownership-adjusted GDV for the 70% or 47% projects.

How does Ajmera’s launch pipeline compare with current revenue visibility?

Ajmera reports Rs 3,510 crore of revenue potential from occupation-certificate received and ongoing projects, against Rs 7,008 crore from potential launches. The potential-launch amount is nearly twice the current-project amount, and the presentation puts the two categories together at Rs 10,518 crore of total revenue potential.

Within the Rs 3,510 crore current-project figure, Eden contributes Rs 11 crore envisaged over the next three months, entirely from committed sales. Ongoing projects contribute Rs 3,499 crore over the next 48 months, comprising Rs 1,539 crore from committed sales and Rs 1,960 crore from unsold inventory.

The figures cover different development stages: Rs 3,510 crore relates to occupation-certificate received and ongoing projects, while Rs 7,008 crore relates to projects described as potential launches. The Rs 10,518 crore total is therefore a presentation measure of revenue potential, including estimated projects that have not yet launched.

What is Ajmera planning beyond FY27 at Wadala?

Ajmera identifies Rs 18,295 crore of GDV across 42.2 lakh square feet for Wadala’s upcoming phases, including the Rs 4,104 crore Boutique Office - Phase 1 planned for Q4 FY27. Management describes the balance potential as to be executed in phases from FY28 onwards over about three years.

The listed later Wadala categories are Boutique Office - Phase 2 at Rs 4,608 crore and 10.3 lakh square feet, ultra luxury at Rs 6,383 crore and about 12.6 lakh square feet, and upcoming Manhattan phases at Rs 3,200 crore and about 9 lakh square feet. These three categories are marked “to be launched,” without specific launch quarters.

Wadala also includes projects already under way: Manhattan 1 is shown as 95% sold, with Rs 1,637 crore of GDV and expected completion in June 2027, while Manhattan 2 is 56% sold, with Rs 1,870 crore of GDV and expected completion in November 2030. Greenfinity CD is shown as 100% sold after October 2023 completion, and Greenfinity AB is 94% sold with expected completion in September 2027.

Conclusion

Ajmera’s potential FY27 launch schedule totals Rs 7,008 crore of estimated GDV across eight projects, but it is concentrated in the Rs 4,104 crore Wadala Boutique Office - Phase 1. Mumbai supplies Rs 5,613 crore of the pipeline, while the remaining projects add Rs 730 crore in Bengaluru and Rs 665 crore in Pune under 70% and 47% ownership structures.

The next disclosed milestone is the planned Q4 FY27 launch of Boutique Office - Phase 1, with estimated completion in Q4 FY32. Management’s Wadala plan also leaves Rs 14,191 crore of GDV in the later office, ultra-luxury and Manhattan phases, which are described as planned from FY28 onwards but have no specified launch quarters.