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.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..