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Oberoi Realty has emerged as the highest bidder for an 11-acre land in Mumbai with a bid value of Rs 5,400 crore. In a regulatory filing, the company said it had participated in the bids invited by Railway Land Development Authority (RLDA) for the grant of a lease for the development of 45,371 sq metre (about 11 acres) of railway land in Bandra East for 99 years, with Floor Space Index (FSI) potential of 19.50 lakh sq ft. The financial bids were opened by RLDA on Wednesday. "The company's bid at Rs 5,400 crore has emerged as the highest," it said. Oberoi Realty said the communication from RLDA with respect to the next steps in the process is awaited. Last month, the company reported a marginal increase in consolidated net profit to Rs 622.64 crore for the quarter ended December 31, 2025. Its net profit stood at Rs 618.38 crore in the year-ago period. Total income rose to Rs 1,561.74 crore in the third quarter of this fiscal, from Rs 1,460.27 crore in the corresponding period of
Oberoi Realty's sales bookings declined 10 per cent to Rs 1,299.06 crore in the second quarter of this fiscal due to lower volumes in terms of area. Mumbai-based Oberoi Realty, which is mainly into the luxury housing segment, had sold properties worth Rs 1,442.46 crore in the year-ago period. According to its latest investor presentation, Oberoi Realty sold 158 units covering 2,50,701 sq ft area during the second quarter of this fiscal with a sales bookings value of Rs 1,299.06 crore. The company collected Rs 1,352.82 crore in the July-September period of the current fiscal. During the second quarter of the preceding 2024-25 fiscal, Oberoi Realty had sold 158 units covering 2,75,780 sq ft area with sales bookings value of Rs 1,442.46 crore. The company had collected Rs 1,211.17 crore in the July-September period of the last fiscal year. Recently, Oberoi Realty reported a 29 per cent increase in its consolidated profit to Rs 760.26 crore for the second quarter of this fiscal on hi
Oberoi Realty on Wednesday reported a 29 per cent rise in its consolidated profit to Rs 760.26 crore for the second quarter of this fiscal on higher revenue. Its net profit stood at Rs 589.44 crore in the year-ago period. The total income grew to Rs 1,844.84 crore during the July-September period of 2025-26 from Rs 1,358.62 crore in the corresponding period of the preceding fiscal year, Oberoi Realty said in a regulatory filing. Mumbai-based Oberoi Realty is one of the leading real estate developers in the country. It focuses on the luxury housing segment.