The real estate sector is undergoing major consolidation as very few developers have the financial stability to undertake large capital-intensive projects, Oberoi Realty's management said
Oberoi Realty Ltd on Thursday reported an over two-fold jump in consolidated net profit at Rs 80.81 crore for the quarter ended June 2021
On June 3, Oberoi Realty's stock surpassed the crucial double top resistance of 630 on a closing basis
The project has long-term lease rights of up to 99 years for residential or mixed use and 60 years for non-residential formats.
GIC, Singapore's sovereign wealth fund and Phoenix Mills, have entered into a strategic partnership to establish an investment platform for retail‐led mixed‐use assets in India
In a Q&A, Vikas Oberoi explains why he is bullish on the redevelopment business in Mumbai
Oberoi said the company is open to redevelopment of large residential societies and doing joint development, he said .
Amid second wave of Covid-19 in India, analysts believe investors will be better off if they avoid QSR, multiplex, or travel-related stocks till the situation improves
The company is the top pick of brokerages in the realty space
The company registered record Q3 sales bookings
Cut stamp duty and other levies last Calendar year spurred buyer interest; company's revenues up 56%
The Maharashtra government has slashed premiums and levies charged on construction by 50 per cent, till December 31
Sobha, Indiabulls Real Estate, Sunteck Realty, Oberoi Realty and Godrej Properties surged between 5 per cent and 7 per cent on the BSE.
Although residential sales faced a majot set back in Q2, they made a comeback with help of pent up demand
In the past month, the realty index has rallied 21 per cent against 6 per cent gain in the Nifty50 index
Godrej Properties, Oberoi Realty, Prestige Estates and Brigade Enterprises from the Nifty Realty index were up 1 per cent each, recovering by upto 2 per cent from their respective intra-day's low.
On April 17, 2020, the stock had zoomed 20 per cent in intra-day trade, exchange data shows
Margins in residential projects have come down from 20-30 per cent last year to 8 to 10 per cent in today's market
At 12:26 pm, the Nifty Realty index was up 2.9 per cent as compared to a 0.38 per cent rise in the Nifty 50 index.
Haldiram, Oberoi Realty's plans hit; No pick up in demand expected in next 2-3 years