Oberoi Realty To Redevelop Nepean Sea Road Plot In Mumbai

02 Dec 2025 CW Team

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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..