Robust launches to sustain growth momentum for Oberoi Realty in near term

The company registered record Q3 sales bookings

Strong residential growth on the back of lower interest rates, measures by the state government, and improving demand have helped Oberoi Realty post strong volumes and sales in the October-December quarter.
 
Sales bookings in first nine months of the financial year exceeded 2019-20 booking values, revealed the real estate development company based out of Mumbai.
 
Even though the results were strong, notwithstanding the weakness in the overall market, the Oberoi Realty stock was down 3 per cent in intra-day trade on Monday. Bookings for the quarter were up 229 per cent in volume terms and 220 per cent