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Oberoi Realty eyes timely launches and grip on inventory
Mint Mumbai
|April 23, 2025
Weak show
Oberoi Realty Ltd's Q4FY25 was dull. Pre-sales or bookings at ₹853 crore fell over 50% sequentially as well as year-on-year (y-o-y), according to provisional data.
The reading is below some analysts' estimates. For instance, Antique Stock Broking was pencilling in Q4 pre-sales of ₹1,000 crore. The lack of new project launches hit the Mumbai-focused realty developer. Thus, it could sell 78 units in Q4 versus 554 units in Q3FY25 and 227 in Q4FY24.
Recall that the launch of The Jardin project at Pokhran Road in Thane and the launch of a new tower in the Elysian project at Goregaon had buoyed Q3FY25 and Q4FY24 pre-sales.
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