Real estate developer Oberoi Realty Ltd on Wednesday (25 November) announced that it has signed an agreement to redevelop a 4,706 sq m land parcel located on Nepean Sea Road, Mumbai.

The company’s entitlement from the project — in the form of the free-sale component — is currently estimated at 118,000 sq ft (RERA carpet area). The final figure will depend on the Development Control & Promotion Regulations for Greater Mumbai, 2034, and other applicable laws.

Oberoi Realty reported a 29 per cent year-on-year rise in consolidated net profit to Rs 7.6 billion for the quarter ended September 2025, compared with Rs 5.89 billion a year earlier. Revenue grew 34.8 per cent year-on-year to Rs 17.79 billion, driven by strong demand across its residential and commercial portfolios.

Operating metrics remained healthy, with EBITDA rising 25.3 per cent to Rs 10.2 billion from Rs 8.14 billion last year. However, the EBITDA margin slipped to 57.3 per cent from 61.7 per cent, reflecting higher input and project-related costs.

The board declared a second interim dividend of Rs 2 per share (20 per cent of the face value of Rs 10) for FY25-26. The record date has been fixed as 21 October 2025, with payments beginning on or before 4 November 2025.

Shares of Oberoi Realty closed at Rs 1,668.90, up 2.30 per cent on the BSE on 26 November.