Oberoi Realty’s project in Thane gets booking worth ₹1,348 Crore

21 Oct 2024 , 12:04 PM

Oberoi Realty reported a gross booking value of ₹1,348 Crore for 5.65 lakh square feet in the first three days of its latest integrated development project, Oberoi Garden City Thane, which was inaugurated on October 18.

 

Oberoi Garden City spans 75 acres and features over 30 world-class amenities, including a 5-star JW Marriott Hotel Thane Garden City, a private membership club, and the Oberoi International School.

The first phase of the construction consists of five residential towers with large gardens. The bookings for two of these towers began on October 18, 2024. 

The residences will have three bedroom and three bedroom plus studio units starting at 1,475 square feet and rising over 65 stories.

Oberoi Realty reported a 28% increase in September quarter net profit at ₹589.4 Crore. The company’s revenue from operations climbed by 8.4% to ₹1,320 Crore from ₹1,217.4 Crore in the previous year.

In the second quarter, EBITDA increased by 27.5% to ₹813.8 Crore, with an EBITDA margin of 61.7%, up from 52.4% the year before.

The company’s board of directors issued a second interim dividend for FY25 at the amount of ₹2 per equity share, representing 20% of the face value of equity shares of ₹10 each. The record date for payment of the interim dividend is November 4, 2024. 

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