Oberoi Realty Ltd(OBEROIRLTY)

NSE: OBEROIRLTYBSE: 533273

₹ 1,587.2-2.04%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 57,711 crWebsite: www.oberoirealty.comUpdated: 24 Oct 2026

About

Oberoi Realty is a Mumbai-based luxury real estate developer with operations across residential projects, commercial offices, retail malls, and hospitality. Its portfolio spans large mixed-use townships in Goregaon, Borivali, and Thane (Mumbai), ultra-luxury towers in South Mumbai, and a debut project in NCR. It reported revenue of Rs 6,009.06 crore in FY26, with Real Estate Development at 91.4% of turnover and Hospitality at 8.6%.^[1][2]

Business segments

Real estate segment (develops and sells residential properties and leases commercial properties) had revenue of Rs 5,811.08 crore, 96.7% of total, in FY26.^[3][2]
Hospitality segment (owns and operates hotels) contributed Rs 197.98 crore in revenue, or 3.3% of total, with an EBIT margin of 35.2% in FY26.^[3]
FY26 revenue lines: projects Rs 4,044.91 crore, rental and related Rs 1,190.01 crore, hospitality Rs 298.12 crore, property and management Rs 121.13 crore.^[2]
By product in FY26: construction of buildings 75.15% and renting of property 24.85% of turnover.^[2]

Key operating numbers

Sold nearly 11.05 lakh sq ft RERA carpet area in FY26 vs approximately 11.25 lakh sq ft in FY25.^[2]
Pre-sales (existing projects) were Rs 1,04,988 lakh in Q1FY27. Three Sixty North (NCR) added gross bookings in excess of Rs 80 billion in Q1FY27.^[4]
Collections (residential + rent + hospitality + others) were Rs 1,31,914 lakh in Q1FY27.^[4]
Net debt to equity stood at 0.04x in Q1FY27, up from 0.01x in Q1FY26.^[4]
Pre-sales in Q3FY26 were Rs 83,635 lakh (130 units, 1,86,054 sqft), described as the lowest in 9 quarters, due to launch slippages.^[5]

Land bank and residential projects

Added close to 4 million sq ft of development potential across Mumbai Metropolitan Region micro-markets in FY26 through land buys, redevelopment and partnerships.^[2]
Group projects across Mumbai aggregate about 95.2 million sq ft (including promoter group), per the FY26 annual report.^[2]
Launched Elysian Tower D (Goregaon East) and Sky City Tower C (Borivali East) in FY26; occupancy certificates received for both.^[2]
Three Sixty North (NCR, Gurugram) launched in Q1FY27: Phase 1 covers 1.4 million sqft of carpet area (RERA-approved); total project GDV is ~Rs 14,000 crore across both phases.^[4]
Goregaon ready apartments were selling at Rs 50,000 - 60,000 per sqft carpet (30 - 35% premium to market) as of Q3FY26.^[5]
Borivali Sky City residential apartments crossed Rs 50,000 per sqft carpet as of Q3FY26; average realisation for Sky City was Rs 50,270 per sqft in Q2FY26.^[5]
Unsold inventory across active projects stood at 31,40,250 sqft as of Q3FY26; Eternia (Mulund) residual inventory was 3,95,292 sqft (390 units) with possession.^[5]
Management is constructing ~18 high-rise towers of 60 - 65 floors simultaneously as of Q1FY27.^[4]

Annuity and commercial portfolio

Commerz I, Commerz II (100%), and Commerz III (98%) were at near-full occupancy in Q1FY27; Commerz III was at 83% in Q1FY26.^[4]
Oberoi Mall (Goregaon) was at 99% occupancy in Q1FY27.^[4]
Sky City Mall (Borivali) reached 82% occupancy in Q1FY27, up from 72% in Q4FY26 and 50% at launch in Q1FY26.^[4]
Revenue from rent was Rs 30,000 lakh in Q3FY26 vs Rs 22,363 lakh in Q3FY25; rental adjusted operating margin was 93.43% in Q3FY26.^[5]

Launch pipeline and expansion

FY27 launches planned: Adarsh Nagar (Worli, Q3FY27), Peddar Road Aurelius, one tower each at Pokhran Road and Kolshet (Thane), and an Alibaug project; Mulund conditional on approvals in Q4FY27.^[4]
Three Sixty North Phase 2 (~1.2 mn sqft balance) is targeted for FY28 launch; timing and pricing are to be decided.^[4]
NCR business development pipeline has been formally expanded to include Noida and Gurgaon for large-parcel acquisitions.^[4]
Development agreement signed for redevelopment at Nepean Sea Road, Mumbai, with potential of 1.18 lakh sqft RERA carpet area; about 9 months before start as of Q3FY26.^[5]

Hospitality and mixed-use development

Ritz-Carlton hotel (Worli) was 80 - 90% complete on interiors as of Q1FY27, with opening targeted within FY27 (by March 2027).^[4]
Thane township will add a JW Marriott hotel, a mall, and an internationally designed school before the next residential phase launch, as of Q3FY26.^[5]
I-Ven Realty JV (Worli land parcel) plans a shopping mall, office building, and hotel; excavation was underway as of Q2FY26.^[6]

Operations and supply chain

As of FY26 the company has no international projects or offices and 15 national locations (13 offices, 2 operations).^[2]
FY26 commodity exposure: steel Rs 17,776.40 lakh and cement Rs 6,708.95 lakh, unhedged.^[2]
MSMEs made up 16% of total procurement value in FY26; about 18.0% of inputs were sourced locally.^[2]
99% of portfolio green certified till FY26, against a 100% target (minimum Gold).^[2]

Recent developments

Three Sixty North launched in Q1FY27, the company's first project outside Mumbai Metropolitan Region; Phase 1 financial closure achieved at launch.^[4]
Q3FY26 pre-sales were the lowest in 9 quarters due to launch slippages across Borivali, Goregaon new tower, Gurgaon, and Adarsh Nagar.^[5]
Gurugram office opened in Q2FY26 and full TDR loaded on the Gurugram project file, enabling single-step area approval.^[6]

Market Cap

₹57,711 Cr

High / Low

₹1,985 / 1,390

Stock P/E

21.9

Price / Book

3.0

Book Value

₹493

EPS

₹69.0

No. of Shares

36.36 Cr

ROCE

17.4%

ROE

14.9%

OPM

55.9%

Debt / Equity

0.16

Sales

₹6,009 Cr

Net Profit

₹2,507 Cr

Promoter holding

67.7%

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Oberoi Realty Ltd(OBEROIRLTY)

About

Business segments

Key operating numbers

Land bank and residential projects

Annuity and commercial portfolio

Launch pipeline and expansion

Hospitality and mixed-use development

Operations and supply chain

Recent developments

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