Project pipeline to keep revenue trajectory strong for Oberoi Realty

Robust sales traction in Q3 helped bring down high levels of inventory

The stock of Mumbai-based realty major Oberoi Realty was up 3.8 per cent in trade on Monday after its December quarter (Q3FY22) operational performance came in much ahead of expectations. Sales for the country’s third largest listed developer was 137 per cent higher than September quarter and doubled as compared to the year ago quarter. While the company sold units worth at Rs 1,965 crore, estimates had pegged the same at Rs 1,300 crore. The total sales for FY22 so far have been at Rs 3,000 crore with volumes at 1.58 million square feet.

The sale of 371 units in