Oberoi Realty stands as one of India’s premier real estate development firms, with its headquarters situated in Mumbai. Founded in 1998, the company concentrates on delivering high-end residential, commercial, retail, hospitality, and social infrastructure projects. With over 20 years of expertise in the field, Oberoi Realty is renowned for its commitment to quality, design excellence, and the satisfaction of its clients.
Oberoi Realty Limited has revealed that it has entered into a development agreement for an expansive site covering 81.05 acres in the tranquil and scenic village of Tekali, located within Taluka Alibaug, District Raigad, Maharashtra.
This ambitious undertaking aims to transform the landscape of luxury living and hospitality in the area, catering to discerning clientele in search of exclusivity and sophistication.
Oberoi Realty is poised to transform luxury living and hospitality in Alibaug with its newest undertaking. Covering an expansive 81.05 acres, the project features a specific 8.6-acre section with a Floor Space Index (FSI) of 30,000 square metres, designated for a 5-star luxury hotel or resort.
The additional 72.45 acres will host around 150 branded, fully serviced luxury villas, utilising an FSI of 1,20,000 square metres. The initiative operates on a revenue and area-sharing model with the landowners, and the physical possession of the land has already been acquired, representing a significant achievement in this ambitious project.
Oberoi Realty Limited, a prominent real estate developer based in Mumbai, reported robust results for Q2 FY25, with a consolidated Profit After Tax (PAT) increasing by 29% year-on-year to ₹589.31 crore and revenue growing by 9.23% year-on-year to ₹1,358.62 crore.
This growth was bolstered by strong demand for high-end residential properties and impressive performance from annuity assets. Bookings soared to ₹1,442.46 crore, compared to ₹965.01 crore in Q2 FY24. The board also declared a second interim dividend of ₹2 per share, with disbursements commencing on November 14, 2024.
At 1:53 PM, Oberoi Realty Ltd.’s share price was ₹2,299.35 per share on NSE, up more than 1% today.
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Published on: Dec 24, 2024, 4:15 PM IST
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