Oberoi Realty's net profit increases by 50.27% in Q3 FY23

10 Feb 2023 CW Team

During the quarter that concluded on December 31, 2022, Oberoi Realty's consolidated net profit increased by 50.27%. The company reported in a BSE filing that its profit after tax (PAT) increased to 7025.7 million in Q3 FY23 from 4675.3 million in the equivalent quarter of the previous fiscal.

In Q3 FY23, the company's consolidated total income increased by 95.17 percent from the 8461.9 million it reported in the same quarter the previous year to 16,515 million.

"We are pleased to announce that we have just purchased 8.5 acres of land from Blue Star on Pokhran Road in Thane. I am also happy to report that Oberoi Realty has successfully completed the acquisition of residential properties in the "Three Sixty West" project "said Vikas Oberoi, the company's chairman and managing director.

On February 3, 2023, the company paid 36,070 million for 63 residential properties in the "Three Sixty West" project, according to the regulatory filing.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..