Oberoi Realty's sales bookings decline y-o-y by 53% in FY24

22 Apr 2024 , 01:39 PM

Oberoi Realty’s sales bookings fell 53% to ₹4,007 Crore in the fiscal year 2023-2024 on a larger base. Oberoi Realty, situated in Mumbai, had sales bookings of ₹8,572 Crore in the fiscal year 2022-23 and ₹3,889 Crore in 2021-22.

Oberoi Realty announced in a regulatory statement on Saturday that it sold 228 units totaling ₹1,775 Crore in the fourth quarter of the previous fiscal year. It sold 4.49 lakh square feet of carpet area.

During the fiscal year 2023-24, Oberoi Realty sold 705 apartments for ₹4,007 Crore.

In the previous fiscal year, the total carpet area booked was 10.76 lakh square feet.

Oberoi Realty is a top real estate developer in the country. It specialises in the development of premium and ultra-luxury residential complexes.

Oberoi Realty Ltd. is a Mumbai-based real estate development company. It focuses on high-end residential, office, retail, hotel, and social infrastructure developments. Oberoi Realty is a well-known real estate brand with a proven track record.

Its major goal is to create aspirational developments for its consumers, with distinctive designs, functional aesthetics, and high-quality finishes, which convert into landmark projects through mixed-use and single-segment developments.

At around 1.27 PM, Oberoi Realty was trading 2.29% higher at ₹1,426.55 per piece, against the previous closing of ₹1,394.65 on NSE. The counter touched an intraday high and low of ₹1,461.95, and ₹1,395, respectively.

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