From The Economic Times · PTI · · 50s
Oberoi Realty Q2 Sales Jump
Oberoi Realty's Q2 pre-sales surge sevenfold to Rs 9,149 crore in Gurugram housing market.
In brief
Oberoi Realty's Q2 pre-sales surge sevenfold to Rs 9,149 crore in Gurugram housing market. Oberoi Realty's Q2 pre-sales jumped sevenfold year-on-year to Rs 9,149 crore due to strong sales in Gurugram. Originally reported by The Economic Times.
Q2 Pre-Sales Surge
Oberoi Realty's sales bookings jumped sevenfold year-on-year to Rs 9,149.69 crore in Q2.
Strong Gurugram Sales
The company sold 808 units in September quarter versus 158 units in the year-ago period.
Project Launch
Oberoi launched a Rs 6,000 crore luxury project in Gurugram with 614 units sold for Rs 7,891.14 crore.
Chairman's View
Vikas Oberoi said demand for real estate is driven by quality, brand credibility and execution.
“The demand in India for real estate continues to be driven by preference for quality, brand credibility and execution, with established developers and proven delivery track records continuing to attract sustained interest”
Profit Margins
Oberoi reported a marginal profit increase to Rs 761.65 crore for Q2, with income down 6%.
The one thing
Oberoi Realty's Q2 pre-sales jumped sevenfold year-on-year to Rs 9,149 crore due to strong sales in Gurugram.
