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Informist, Tuesday, Jan. 20, 2026

 

--Oberoi Realty: Real estate mkt not resisting price hikes amid firm demand 

--Oberoi Realty: Plan to launch Delhi-NCR project in Q4, but may be delayed 

--Oberoi Realty: Expected to launch few projects in Q3, but were delayed 

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

 

By Anand JC and Afra Abubacker

 

NEW DELHI – Oberoi Realty Ltd.'s management Tuesday brushed aside concerns about a slowing real estate market and said that not launching a new project in the December quarter hurt its financials. "We have projects which are actually at a scale where we simply sell, and we can recognise revenue... So, it's just one of those quarters where we were not able to time it properly," Chairman and Managing Director Vikas Oberoi told analysts in a conference call.

 

The real estate major declared its December quarter earnings on Monday. It reported a consolidated net profit of INR 6.23 billion on a revenue of INR 14.93 billion. Both the metrics missed analysts' estimates. The market did not react too kindly to Oberoi Realty's earnings as its shares closed nearly 8% lower on Tuesday at INR 1,523.80 on the National Stock Exchange. 

 

The company's pre-sales for the December quarter were INR 8.4 billion, down 56% on year and 54?low Motilal Oswal Financial Services Ltd.'s estimates. Pre-sales remained muted because of the absence of launches by the company, Motilal Oswal said in a report.

 

Oberoi Realty had informed investors about its plan to launch a few projects this year, which did not materialise. This has less to do with lack of approvals and more to do with its design plans. "When you're trying to perfect a product and not really looking at what the market is expecting you to do, it kind of brings you in a situation like where we are today," Oberoi said.

 

Change in design plans at different stages hampered the company's ability to launch projects in the December quarter. "These days, it's not like you can simply launch. There is so much of process...we just got it wrong. To be very honest, we just got it wrong," Oberoi said.

 

Going forward, Oberoi said the company plans to launch one more tower at its project in Goregaon, a suburb of Mumbai. "We have Borivali, which also has one more tower, and when I talk about one tower, these are like 600,000-800,000 square feet per tower with revenue potential of more than INR 3,000 crores (INR 30 billion)," Oberoi said. In Mumbai, the company has plans to launch projects in Thane and Peddar Road. It also has a project in Gurugram, Haryana.

 

"We are desperately trying to get (launch projects in) Goregaon and Borivali...We will do Borivali and Goregaon both, and we are desperately trying to get NCR within this quarter in a worst-case scenario. It can probably be first quarter next year," Oberoi said.

 

The company is bullish about demand prospects of the real estate sector, despite prices inching up. In Goregaon and Borivali, real estate prices have increased, but traction has remained unchanged, Oberoi said. "In fact, this quarter (Jan-Mar), we've opened higher floors, and we've seen great response even for the higher floors and higher prices. So I don't feel that there will be any issue going forward in terms of demand and pricing," he added.  End

 

Edited by Ashish Shirke

 

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