Oberoi Realty’s growth may rest on new projects

Pre-sales expected to see boost in H2FY26 on strong pipeline

- RAM PRASAD SAHU

Though the second quarter of the financial year 2026 (Q2FY26) did not see any major launches, Oberoi Realty posted healthy pre-sales or bookings during the period. Most of the sales for the realty major came from existing projects.

The firm's large annuity assets have also ramped well and are generating a steady revenue source.

While the second quarter pre-sales did not see an uptick from new launches, the project pipeline remains strong and there could be a pick-up in the second half of FY26.

The company reported pre-sales of 1,299 crore for the second quarter and this was down 10 per cent year-on-year (Y-o-Y) due to a higher base last year. The bookings were led by existing projects Elysian and Three Sixty West, which accounted for 62 per cent of total pre-sales. Volumes were down 9 per cent Y-o-Y and a sharp 29 per cent quarter-on-quarter (Q-o-Q) to 0.25 million square feet which was much lower than estimates. Volumes stood at 0.6 million square feet in the first half of FY26 up 24 per cent Y-o-Y. Total units booked in the quarter stood at 158, which was flat Y-o-Y and down 13 per cent Q-o-Q.