The company posted a net profit of Rs 618.38 crore
The real-estate developer's consolidated net profit jumped 72 per cent to Rs 618 crore($71 million) for the three months ended Dec. 31
Shares of Phoenix, Macrotech Developers, Sobha, Brigade, Raymond, DLF, Oberoi Realty, Prestige Estates Projects and Godrej Properties were down in the range of 4 per cent to 9 per cent
Company tells stock exchanges it has acquired 81 acres from landowners for the project
The retail segment continues to perform well and the hospitality segment remains buoyant, with travel momentum being sustained
Oberoi Realty is a leading real estate development company in India, recognized for its high-end residential, commercial, and retail projects
UBS has set a target price of Rs 1,005 for DLF; Rs 2,175 for Prestige Estates; and Rs 2,230 for Oberoi Realty
Among others, Godrej Properties and Macrotech Developers (Lodha) gained over 3 per cent. DLF and Phoenix Mills advanced over 2 per cent
Technical charts indicate that the 5 newly added stocks to the MSCI index are favourably placed and could soar up to 19% in forthcoming trading sessions.
Actor Amitabh Bachchan's latest acquisition is worth Rs 24.95 crore in Mulund
The company launched the project 'Oberoi Garden City Thane' on October 18.
Oberoi Realty has sold luxury homes worth Rs 1,348 crore in its newly launched 75-acre residential project at Thane in Mumbai Metropolitan Region. On October 18, the company launched project 'Oberoi Garden City Thane'. It will be developing and marketing this project in phases. The company has "recorded gross booking value of around Rs 1,348 crore for 5.65 lakh sq ft (carpet area) over the first three days," it said in a regulatory filing. Spread around 75 acres, the project will offer homes with over 30 world-class amenities, a 5-star deluxe JW Marriott Hotel Thane Garden City and an Oberoi International School. The first phase of the development will consist of five residential towers and bookings for two towers commenced on October 18, 2024. "We are thrilled by the tremendous response to the launch of our latest project at Oberoi Garden City Thane. The trust and confidence our customers have shown in our brand and product deeply humbles and encourages us. This project epitomise
The company's profit climbed 28 per cent year-on-year (Y-o-Y) to Rs 589.4 crore in Q2FY25, from Rs 456.8 crore in Q2FY24.
Segment-wise, the company's real estate business generated revenue of Rs 1,276.14 crore, almost 94 per cent of its total revenue
Oberoi Realty's board's has approved the company's proposal to raise up to Rs 6,000 crore, while it will mull an interim dividend and Q2 results at a meeting scheduled on October 18
Stock Market Today: Adani Enterprises has successfully raised $500 million through a share sale, marking its return to the equity markets after a previous cancellation.
Company acquired Nirmal Lifestyle Realty Private under the Insolvency and Bankruptcy Code in August
The analysts believe that factors like healthy leverage, an increased focus on business development, and the potential for interest rate cuts will boost sales in the city.
Oberoi Realty on Monday said the National Company Law Tribunal has approved its resolution plan for Nirmal Lifestyle Realty, and it will pay Rs 230 crore to the creditors of the bankrupt firm. In a regulatory filing, Oberoi Realty said the NCLT Mumbai bench issued an order on August 9, 2024, approving the resolution plan submitted by the company in relation to the Corporate Insolvency Resolution Process (CIRP) of Nirmal Lifestyle Realty Pvt Ltd (NLRPL). The NLRPL holds development rights with respect to land measuring about 20,262.40 square metres at Mulund West, Mumbai. "The resolution plan provides for payment on the Effective Date (being a date not earlier than 90 days from the NCLT approval date) of an amount of Rs 273 crore to various creditors in the full and final settlement, and the CIRP Costs at actuals incurred up to the Effective Date)," the filing said. On the effective date, the company would also subscribe to 100 per cent equity share capital of NLRPL for Rs 1,00,000,
A major driver behind this rally, analysts said, is DLF's strong June quarter performance.