+
Oberoi Realty's FY24 Sales Bookings Decline by 53% to Rs 40.07 Bn
Real Estate

Oberoi Realty's FY24 Sales Bookings Decline by 53% to Rs 40.07 Bn

Oberoi Realty, a prominent real estate developer, has reported a significant decline in sales bookings for the fiscal year 2023-24. The company's sales bookings dropped by 53% compared to the previous fiscal year, amounting to Rs 4,007 crore.

The sharp decline in sales bookings reflects the challenges faced by the real estate sector, including subdued demand and economic uncertainties. Factors such as the ongoing COVID-19 pandemic and regulatory changes have contributed to the decline in Oberoi Realty's sales performance.

Despite the decline in sales bookings, Oberoi Realty remains optimistic about the future and is focused on implementing strategic initiatives to enhance sales and revenue generation. The company continues to explore opportunities to strengthen its market position and drive growth in the long term.

Oberoi Realty's performance in FY24 underscores the importance of resilience and adaptability in navigating challenging market conditions. The company's ability to weather the downturn and maintain its leadership position in the real estate sector highlights its strong fundamentals and strategic capabilities.

Looking ahead, Oberoi Realty remains committed to delivering value to its customers and stakeholders while pursuing growth opportunities in the dynamic real estate landscape. The company's focus on innovation and customer-centric approach positions it well for future success despite the prevailing market challenges.

Oberoi Realty, a prominent real estate developer, has reported a significant decline in sales bookings for the fiscal year 2023-24. The company's sales bookings dropped by 53% compared to the previous fiscal year, amounting to Rs 4,007 crore. The sharp decline in sales bookings reflects the challenges faced by the real estate sector, including subdued demand and economic uncertainties. Factors such as the ongoing COVID-19 pandemic and regulatory changes have contributed to the decline in Oberoi Realty's sales performance. Despite the decline in sales bookings, Oberoi Realty remains optimistic about the future and is focused on implementing strategic initiatives to enhance sales and revenue generation. The company continues to explore opportunities to strengthen its market position and drive growth in the long term. Oberoi Realty's performance in FY24 underscores the importance of resilience and adaptability in navigating challenging market conditions. The company's ability to weather the downturn and maintain its leadership position in the real estate sector highlights its strong fundamentals and strategic capabilities. Looking ahead, Oberoi Realty remains committed to delivering value to its customers and stakeholders while pursuing growth opportunities in the dynamic real estate landscape. The company's focus on innovation and customer-centric approach positions it well for future success despite the prevailing market challenges.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?