Oberoi Realty to build on new project launches, rental portfolio

Street will track pace of bookings, project execution, and acquisition of new land

Mumbai reported record residential sales by value last year. Property registrations at over 13,000 units were the highest in 12 months. However, compared to the year-ago period’s stamp duty concession-led high base, registrations were down 22 per cent.

Volumes were lower year-on-year (YoY), but in terms of value, sales were up 4 per cent. In fact, sales hit a 10-year monthly high due to a rise in property prices, a preference for premium property, and an improved product mix. Rupesh Sankhe and Tanvi Tambat of Elara Capital said that Mumbai's residential market remained stable due to robust consumer confidence supported