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Informist, Friday, Oct. 17, 2025

--Oberoi Realty: Hoping to launch Ritz-Carlton project this financial year 

--CONTEXT: Comments by Oberoi Realty mgmt in post-earnings analyst call 

--Oberoi Realty: Many projects coming up, looking to time launches correctly 

By Anand JC and Arundathi A R

NEW DELHI/MUMBAI – Oberoi Realty Ltd. Friday said that with about 70-80% of work done at its Ritz-Carlton project in Mumbai, it expects to launch it in the ongoing financial year. "The project has over 200 rooms, lot of banquet space, restaurants, and spa. It is a global project," the company told analysts in a post-earnings conference call.

This is part of Oberoi Realty's Three Sixty West project in Worli, Mumbai. It is a mixed-use development comprising two towers – one housing the Ritz-Carlton Hotel and the other housing luxury residences that will be managed by The Ritz-Carlton. "We will really put Mumbai onto international map, I would say, when it comes to quality of the hotel," a top official at the company said.

Oberoi Realty had disclosed its September quarter financials on Wednesday. It reported a consolidated net profit of INR 7.60 billion on revenue of INR 17.79 billion.

The company has many projects lined up, but is looking to time their launches correctly, it told analysts. "There are a plethora of projects, they're all literally queued up," the executive said. "There are a few redevelopment projects that we've signed which will come in (launched), we have one more tower to be launched in Borivali, we can launch a new tower in Thane," the company said. 

Oberoi Realty said it has seen a solid start to the festival season, but did not provide financials for this period. "We witnessed strong sales velocity at SkyCity despite the price hike we took recently, indicating healthy demand for luxury real estate from quality developers," the company said. "Our uber luxury project Three Sixty West continues to attract strong inquiries and sales. We also opened our office in Gurugram, which shows that our expansion plans for (Delhi) NCR are in place," the executive added.

"We remain on track for project launches in the next few quarters and continue to pursue business development activities," Oberoi Realty said.

On Friday, the company's shares closed 0.8% higher on the National Stock Exchange at INR 1,700.50.  End

Edited by Avishek Dutta

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