Tag: oberoi realty

IndustryLatest Stories

Four of 16 Developers Selected for South Mumbai Rail Plot

Representative AI image The Railway Land Development Authority (RLDA) has narrowed down its selection to four developers from a pool of 16 interested parties bidding for the development of a prime 2.5-acre site in Mahalaxmi, South Mumbai. This project is estimated to hold a revenue potential nearing Rs 10,000 crore, according to sources familiar with the matter. This tender saw significant participation from top developers, signaling a competitive bidding process for this government-owned parcel. The electronic bidding occurred on Tuesday. From what we gather from The Economic Times, the shortlisted developers include Lodha Group, Sobha Ltd, Dineshchandra R Agrawal Infracon,…

IndustryLatest Stories

Real Estate Firms Surge to NCR Amid Rising Demand and Prices

Representative AI image NEW DELHI: The National Capital Region (NCR) is progressively attracting developers from Mumbai and Bengaluru, with price growth in the market surpassing other areas, experts indicate. Mumbai’s Oberoi Realty is set to introduce its initial project in Gurugram this fiscal year, while Lodha and Rustomjee are exploring land acquisition opportunities in the region, according to informed sources. Bengaluru’s Prestige Group and Sobha, early movers in the region, are now ramping up their expansion, making NCR their fastest-growing market. Godrej Properties and Tata Realty from Mumbai are also bolstering their presence in NCR. Newcomers like Dalcore are selecting…

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Oberoi Realty Q2 FY26 Profit Up 29% to ₹760.26 Crore

NEW DELHI: Oberoi Realty announced a 29% increase in consolidated profit, reporting Rs 760.26 crore for the second quarter of this fiscal, attributed to higher revenues. This compares to a net profit of Rs 589.44 crore in the same period last year. For the July-September quarter of 2025-26, total income surged to Rs 1,844.84 crore, up from Rs 1,358.62 crore during the corresponding period of the previous fiscal year, according to a regulatory filing from Oberoi Realty. Based in Mumbai, Oberoi Realty is a leading player in the real estate sector, primarily focusing on luxury housing. Published On Oct 16,…

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Real Estate Stocks Drop on Weak Demand Worries

MUMBAI: Real estate stocks experienced a decline on Wednesday, marking a third consecutive session of losses. Investors took profits amidst concerns over slowing demand. The realty index dropped by more than 2%, accumulating a total decline of 3.5% over the past three days, in contrast to a 1.1% dip in the benchmark Nifty. Out of the 10 stocks in the index, eight recorded losses on Wednesday. Godrej Properties fell by 4%, while DLF and Oberoi Realty decreased by 3.5% and 2.8%, respectively. Lodha Developers and Phoenix Mills each saw declines of over 2%. “Profit-taking in realty stocks follows last year’s…

Latest StoriesRegulatory

NCLT Excludes Phoenix ARC from Hotel Horizon Creditors’ Committee

The National Company Law Tribunal (NCLT) has partially accepted the request made by the suspended promoters of Hotel Horizon, ruling that the claim from asset reconstruction firm Phoenix ARC is invalid due to being barred by the statute of limitations. Hotel Horizon’s primary asset is a valuable 1.85-acre plot located in Juhu, Mumbai, with a view of the Arabian Sea. Last month, a consortium comprising Oberoi Realty, Shree Naman Developers, and JM Financial Properties received the committee of creditors’ (CoC) approval to acquire the company through the corporate insolvency resolution process (CIRP). The CoC has approved a resolution plan that…

Latest StoriesResidential

Akshay Kumar Sells Mumbai Properties for ₹7.1 Crore

NEW DELHI: Akshay Kumar has sold two adjacent residential properties in Sky City, developed by Oberoi Realty, for a combined total of ₹7.10 crore in Borivali East, Mumbai. Both sales were recorded in June 2025. As per documents from the Inspector General of Registration (IGR) examined by Square Yards, the first property is valued at ₹5.75 crore and features a carpet area of 1,101 sq ft (102 sq meters) along with two car parking spaces. The transaction included a stamp duty of ₹34.50 lakh and registration fees of ₹30,000. Akshay Kumar originally acquired this property in 2017 for ₹3.02 crore,…

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Invesco Sells Oberoi Realty, Lodha Shares for ₹3,202 Cr

Representative image created by AI NEW DELHI: Investment management firm Invesco has sold over 2 crore shares of real estate companies Oberoi Realty and Lodha Developers for a total of ₹3,202 crore through open market transactions. The US-based firm, via its affiliate Invesco Developing Markets Fund, divested a little over 1 crore equity shares—2.95% of its stake in Oberoi Realty, according to bulk deal data from the BSE. Shares were sold at ₹1,754.26 each, totaling roughly ₹1,883.21 crore. As of the June quarter, Invesco Developing Markets Fund held a 3.01% stake in Oberoi Realty. In a separate transaction on the…

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Lodha, Oberoi Realty Shares Drop Up to 6% After Block Deals

NEW DELHI: Oberoi Realty and Lodha Developers experienced significant block deals totaling USD 395 million (Rs 3,412 crore) on the stock exchanges, resulting in a decrease in the shares of both real estate giants by up to 6 percent on Wednesday. The transactions, conducted through open market exchanges, involved the sale of institutional stakes in each firm. In the case of Oberoi Realty, around 11 million equity shares, or 3 percent of the company’s total, were sold for USD 230 million (Rs 1,987.02 crore) at a floor price of Rs 1,753.20 per share, indicating a 4 percent discount from the…

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Oberoi Realty Q1 FY26 Profit Dips 28% to ₹421 Crore

NEW DELHI: On Monday, Oberoi Realty Ltd announced a 28% decrease in consolidated net profit, reporting Rs 421.25 crore for the quarter ending in June, compared to Rs 584.51 crore from the same period last year. Total income dropped to Rs 1,073.98 crore in the first quarter of the current fiscal year, down from Rs 1,441.95 crore in the corresponding quarter of the previous year. The board declared an interim dividend for FY25-26 of Rs 2 per equity share, equating to 20% of the Rs 10 face value. Operationally, the company sold properties worth Rs 1,639 crore during the April-June…

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Oberoi Realty Consortium Secures Hotel Horizon for ₹919 Crore

NEW DELHI: Oberoi Realty, in collaboration with Shree Naman Developers and JM Financial Properties and Holdings, has been chosen as the successful bidder for Hotel Horizon (HHPL), a company currently undergoing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC), 2016. The committee of creditors (CoC) has issued a letter of intent (LoI) approving the consortium’s resolution plan. According to the plan, the consortium will make a payment of ₹919 crore to HHPL’s creditors as a full and final settlement, including the costs associated with the Corporate Insolvency Resolution Process (CIRP). Founded in 2004, HHPL owns a sea-facing land parcel…