Tag: oberoi realty

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Oberoi Realty Q1 FY27 Net Profit Jumps 29% to ₹543.51 Crore

NEW DELHI: Oberoi Realty has announced a 29% rise in its net consolidated profit after tax, amounting to ₹543.51 crore for the quarter ending June 30, 2026, up from a profit of ₹421.25 crore in the same quarter last fiscal year, as stated in a regulatory filing. The company’s net consolidated total income rose by 26.8% to ₹1,361.69 crore in Q1 FY27, compared to ₹1,073.98 crore in Q1 FY26. As of June 30, 2026, the company’s net worth was ₹18,398.68 crore. Its debt-equity ratio was 0.15, and the current liability ratio was noted at 0.60. The operating margin for the…

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L&T Realty Acquires Delhi Land for ₹200 Crore

Representative AI image NEW DELHI: L&T Realty Developers Ltd (LTRDL), a fully owned subsidiary of Larsen & Toubro (L&T), has acquired a 2.5-acre land parcel in central Delhi for approximately Rs 200 crore, according to two sources familiar with the matter. The Mumbai-based developer, which has been expanding in the National Capital Region through acquisitions in Noida and Gurugram, plans to develop a luxury residential project on this site. This acquisition follows L&T Realty Properties Ltd’s (LTRPL) 100% stake purchase in International Green Scapes Ltd (IGSL), providing access to a 20-acre land parcel in Gurugram with a development potential of…

Latest StoriesRegulatory

Punjab & Haryana HC Halts New Allotments in Gurugram Project

NEW DELHI: The Punjab & Haryana High Court has issued an order preventing IREO Group entities and Oberoi Realty from making new allotments or establishing third-party rights in a residential project located in Gurugram until the Haryana Department of Town and Country Planning (DTCP) reviews a complaint submitted by Advance India Projects. The interim order, issued on July 7, 2026, relates to the ‘Three Sixty North’ project on Golf Course Extension Road in sector 58, Gurugram. In a regulatory announcement, Oberoi Realty stated that the court’s directive does not affect existing sales and does not halt construction work. The company…

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Oberoi Realty invests ₹268.5 crore in Bandra East project

Representative AI image NEW DELHI: Oberoi Realty has invested ₹268.50 crore in equity shares of Centerstage Realty, its fully-owned subsidiary, via a rights issue, as stated in a regulatory filing. The company purchased 26.85 crore equity shares at a nominal value of ₹10 each. Following this transaction, Oberoi Realty maintains its complete ownership and control of Centerstage Realty. Centerstage Realty was established on June 2, 2026, as a special purpose vehicle for the development of railway land in Bandra East, adjacent to the Western Express Highway in Mumbai. Previously, the company disclosed that its bid to the Railway Land Development…

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Construction Costs Rise 25% Amid Global Conflicts: CREDAI

NEW DELHI: Since the onset of global conflicts, construction costs have surged by over 25%, primarily due to supply chain interruptions, labor migration, and increased prices for raw materials. Top builders have noted shortages of essential materials, which are exacerbating the issue. Vikas Oberoi, chairman and managing director of Oberoi Realty, expressed during the FY26 earnings call, “Rising costs for energy, aluminum, and glass are stressing us out. This affects the entire industry and is beginning to take a toll.” Experts believe that these crises may serve as a catalyst for leaders to outpace less agile competitors within the industry.…

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Oberoi Realty’s FY26 Profit Up 12.67% to ₹2,507.43 Crore

NEW DELHI: Oberoi Realty has reported a net consolidated profit increase of 12.67% for the financial year 2025-26. The profit after tax reached ₹2,507.43 crore in FY26, up from ₹2,225.51 crore in FY25, as stated in a BSE filing. The company’s net consolidated total income rose to ₹6,304.27 crore in FY26, showing a growth of 15.16% from ₹5,474.17 crore in FY25. In Q4 FY26, the net consolidated total income grew by 50.31%, reaching ₹1,823.71 crore compared to ₹1,213.33 crore in the same quarter last year. The profit after tax surged by 62.36% to ₹703.28 crore in Q4 FY26, versus ₹433.17…

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India to Establish NCLT Bench for Faster Cross-Border Insolvency

NEW DELHI: India is set to establish a dedicated bench within the National Company Law Tribunal (NCLT) that will focus on cross-border insolvency cases, aiming to expedite legal proceedings following the notification of new bankruptcy regulations, according to sources familiar with the development. The cross-border framework, which received approval last month as part of amendments to the Insolvency and Bankruptcy Code (IBC), will draw from a UN model law but will be tailored to better fit India’s requirements. This initiative is designed to simplify access for creditors to the foreign assets of distressed companies and facilitate India’s collaboration with international…

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NCLT Clears Merger of Nirmal Lifestyle and Oberoi Realty

NEW DELHI: The Mumbai bench of the National Company Law Tribunal (NCLT) has sanctioned the merger of Nirmal Lifestyle Realty with Oberoi Realty, according to a regulatory filing from the company. This merger will take effect once the NCLT order is filed with the Registrar of Companies. Nirmal Lifestyle Realty will be dissolved without winding up as part of this merger. Since the transferor company is wholly owned by the listed entity, there will be no shares issued under the scheme, resulting in the cancellation of its entire share capital. The objective of this merger is to streamline the group’s…

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Oberoi Realty to Redevelop 1,740 Sq Meters in Mumbai

Representative image NEW DELHI: Oberoi Realty has initiated a development agreement for the redevelopment of a 1,740 sq meter plot located at Malabar Hill, Mumbai. This land will be developed in conjunction with nearby societies under a cluster development scheme, with the company anticipating a free sale component entitlement of up to 51,000 sq ft from this site. The company had previously signed a development agreement with two neighboring housing societies on M.L. Dahanukar Marg and Dr. G. Deshmukh Marg at Peddar Road, covering a total land area of 4,800 sq meters. From this project, the company forecasts a free…

Latest StoriesRegulatory

NCLAT to Review ₹919 Crore Bid for Hotel Horizon by Oberoi

NEW DELHI: The Insolvency Appellate Tribunal (NCLAT) will review an appeal against an NCLT decision that sanctioned a ₹919 crore bid from an Oberoi Realty-led consortium for Hotel Horizon. A two-member bench of the NCLAT, based in Delhi, has accepted the appeal and ordered that no equity should be granted to the successful resolution applicants. Previously, on January 29, the Mumbai bench of the National Company Law Tribunal (NCLT) approved the resolution plan submitted by a consortium consisting of Oberoi Realty, Shree Aman Developers, and JM Financial Properties and Holdings. Hotel Horizon features a strategically positioned land parcel of approximately…