The Mumbai-based real estate developer reported a 29 per cent rise in quarterly profit on higher revenue, while both profit and revenue came in below Street estimates
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The Mumbai-based developer said its Gurugram luxury project, Three Sixty North, recorded bookings for about 2.31 million square feet of saleable area
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Developers have become selective in launching new projects: Analysts
MOFSL has Buy ratings on Lodha Developers, DLF, Godrej Properties, and AB Real Estate, while it has a Neutral rating on Oberoi Realty
Mumbai-based Oberoi Realty on Monday announced its foray into the Delhi-NCR market with the launch of its first luxury housing project with a total investment of Rs 6,000 crore. The company launched the first phase of its housing project 'Three Sixty North', located at Golf Course Extension Road in Gurugram, comprising 832 units across 6 towers. "We are launching our first project in Delhi-NCR. We feel confident now that our brand is transportable to the NCR market," Oberoi Realty CMD Vikas Oberoi told reporters in Gurugram. The company has launched the first phase at a basic selling price of Rs 35,000 per sq ft. "The total revenue potential of this project, including the two phases, is Rs 16,000 crore," Oberoi said. Asked about the investment, he said the project cost would be around Rs 6,000 crore for both phases. In the first phase, the starting price is Rs 19 crore. The size of the apartments ranges from Rs 5,600 sq ft to 8,500 sq ft. The size of the penthouse is 13,000 sq
Anand Rathi attributed the slowdown in the real estate sector to weaker hiring and salary growth, particularly in the IT sector, along with subdued capital market performance over the past two years.
At 09:36 AM on Wednesday, the Nifty Realty index was the top sectoral loser, down nearly 1 per cent, as compared to 0.2 per cent rise in the Nifty 50.
Analysts expect Indian real estate growth to slow in FY27, but see opportunities in Lodha, Sobha, Mahindra Lifespace, DLF and Prestige Estates amid healthy demand for project launches
Oberoi Realty posted strong Q4FY26 earnings driven by higher revenues and bookings, while its board approved raising up to Rs 4,000 crore through NCDs
Sobha, Godrej Properties, Phoenix, Anant Raj, Lodha Developers, Oberoi Realty and Aditya Birla Real Estate were up between 3 per cent and 4 per cent on the NSE in Tuesday's intra-day trade.
The Nifty Realty index was hit hard over the past few weeks, crashing 15 per cent due to rising oil prices amid supply disruption fears, leaving investors jittery about the rate-cut cycle
Chandan Taparia of Motilal Oswal suggests buying Bharti Airtel, Polycab India, and Oberoi Realty stocks today; check all the key details here
Nifty Realty Index: Hitesh Tailor, technical analyst at Choice Broking expects Sobha, Oberoi Realty and Prestige Estates to bounce back amid signs of positive divergence on the RSI indicator.
The buying came after the company entered into a development agreement for lands situate at Aram Nagar, Versova, Andheri West, Mumbai
Sobha, Anant Raj, Prestige Estates Projects, Oberoi Realty, Signature Global and Lodha Developers were down in the range of 4 per cent to 6 per cent on the NSE in intra-day trade on Monday.
Antique has maintained its Buy call with a target price of ₹1,861 for FY28, based on an embedded Ebitda multiple of 12x, representing a 20 per cent premium to NAV
According to Nomura, the latest trends indicate that India's real estate sector is in a mature phase rather than entering a slowdown
In the past one month, the realty index has tanked 10 per cent, as against 6 per cent fall in the BSE Sensex.