Oberoi Realty Targets Rs135 bn Sales on Luxury Demand
Real Estate

Oberoi Realty Targets Rs135 bn Sales on Luxury Demand

Oberoi Realty expects to more than double its sales value to 135 billion rupees (Rs135 bn) in the financial year through March, the company's chairman and managing director Vikas Oberoi said, reflecting robust demand for luxury homes in India. The outlook follows strong interest in a high-end development in Gurugram where the first phase sold out in two hours. The response was about four times the available inventory, indicating intense buyer appetite at the top end of the market.

Units at the Three Sixty North project were priced between 200 million rupees and 300 million rupees (Rs200 mn and Rs300 mn), and buyers were required to make a five million rupee reservation payment (Rs five mn) and pay 10 per cent of the apartment value within a week. The developer has scheduled delivery of the units by December 2033. The rapid sales pace underscores constrained supply and concentrated demand for premium inventory.

Oberoi Realty reported gross bookings of 81 billion rupees (Rs81 bn) in an update to stock exchanges on Monday, reflecting continued momentum in its sales pipeline. The company counts BlackRock and Vanguard Group among its investors, a sign of overseas interest in Indian residential developers focused on luxury segments. Industry peers have signalled similar ambitions, with Prestige Estates Projects targeting a 43 per cent increase in sales value this fiscal year, supporting a sector-wide view that premium demand remains resilient.

Market participants say luxury housing has been a leading driver of India's residential market since the pandemic and developers anticipate the segment to hold up even amid broader cyclical shifts. Oberoi noted there is limited availability of high-end product, which has helped sustain pricing and sales velocity. The performance at the Gurugram scheme therefore points to a continued divergence between demand for premium housing and the wider mid-market, with implications for developers' product strategies and investment flows.

Oberoi Realty expects to more than double its sales value to 135 billion rupees (Rs135 bn) in the financial year through March, the company's chairman and managing director Vikas Oberoi said, reflecting robust demand for luxury homes in India. The outlook follows strong interest in a high-end development in Gurugram where the first phase sold out in two hours. The response was about four times the available inventory, indicating intense buyer appetite at the top end of the market. Units at the Three Sixty North project were priced between 200 million rupees and 300 million rupees (Rs200 mn and Rs300 mn), and buyers were required to make a five million rupee reservation payment (Rs five mn) and pay 10 per cent of the apartment value within a week. The developer has scheduled delivery of the units by December 2033. The rapid sales pace underscores constrained supply and concentrated demand for premium inventory. Oberoi Realty reported gross bookings of 81 billion rupees (Rs81 bn) in an update to stock exchanges on Monday, reflecting continued momentum in its sales pipeline. The company counts BlackRock and Vanguard Group among its investors, a sign of overseas interest in Indian residential developers focused on luxury segments. Industry peers have signalled similar ambitions, with Prestige Estates Projects targeting a 43 per cent increase in sales value this fiscal year, supporting a sector-wide view that premium demand remains resilient. Market participants say luxury housing has been a leading driver of India's residential market since the pandemic and developers anticipate the segment to hold up even amid broader cyclical shifts. Oberoi noted there is limited availability of high-end product, which has helped sustain pricing and sales velocity. The performance at the Gurugram scheme therefore points to a continued divergence between demand for premium housing and the wider mid-market, with implications for developers' product strategies and investment flows.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD, NaBFID Partner to Fund Rural Infrastructure

The National Bank for Agriculture and Rural Development (NABARD) and the National Bank for Financing Infrastructure and Development (NaBFID) have signed a Memorandum of Understanding (MoU) to collaborate on financing infrastructure projects with significant rural impact.The partnership combines NABARD’s expertise in rural and agricultural infrastructure with NaBFID’s specialised infrastructure financing capabilities. It will focus on joint financing, knowledge sharing and developing financing solutions to improve access to long-term, competitively priced capital for rural infrastructure an..

Next Story
Infrastructure Energy

Advait Energy Wins Rs 1.34 Billion MPPTCL Order

Advait Energy Transitions (AETL) has secured a Rs 1.34 billion turnkey contract from Madhya Pradesh Power Transmission Co. Ltd. (MPPTCL) for the design, manufacturing and supply of Emergency Restoration Systems (ERS) for 400kV, 220kV and 132kV EHV transmission lines.The order, received against Tender No. TR-23/2025 on August 25, 2026, will be executed over 18 months. The contract value, inclusive of taxes, covers the complete ERS along with the required accessories.Emergency Restoration Systems are used to restore transmission infrastructure following disruptions, helping maintain continuity a..

Next Story
Real Estate

Gradiant expands Coimbatore engineering centre

Gradiant has expanded its Global Engineering Center (GEC) in Coimbatore, more than doubling its engineering workforce from approximately 100 to over 200 professionals as it strengthens its global project execution capabilities.The expanded centre will bring together multidisciplinary expertise across process engineering, detailed design and project engineering, enabling the India team to take on greater responsibility for the engineering and design of Gradiant’s international projects.According to Govind Alagappan, COO, Gradiant, Coimbatore’s engineering talent and industrial heritage make..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement