Oberoi Realty Reports 24% Drop in Annual Sales Booking for FY26
Mumbai-based listed real estate developer Oberoi Realty's annual sales booking for FY26 fell by 24 per cent to 698 units from 929 units in FY25, despite a significant increase in the number of units booked in Q4FY26.
- The number of units booked rose 76 per cent in Q4FY26 to 229 from 130 in Q3FY26.
- On a year-on-year (YoY) basis, the number of units booked also increased by 196 per cent from 78 in Q4FY25.
According to a regulatory filing by the company, the total carpet area booked in FY26 decreased by 10% to 11.47 lakh sq ft from 12.83 lakh sq ft in FY25.
- In Q4FY26, as much as 3.57 lakh sq ft was booked compared to 1.86 lakh sq ft in Q3FY26 and 1.37 lakh sq ft in Q4FY25.
The booking value in Q4FY25 stood at ₹853 crore.
Future Growth Drivers
Oberoi Realty showcased a strong Q4FY26 despite the absence of project launches due to delays, according to ICICI Direct Research.
- The company has secured three project developments across Southern and Western Mumbai, as well as a significant land parcel near Bandra Railway station.
- Going ahead in FY27E, the company has multiple project launches lined up, which will be a key growth driver over the medium term.
Land Acquisition and Redevelopment Plans
Oberoi Realty has multiple land acquisition and redevelopment plans in place, including:
- The redevelopment of two housing societies in the Peddar Road area of South Mumbai, with a sale potential of 1.40 lakh sq ft of RERA carpet area.
- The proposed development of a land parcel near Bandra Railway station, which will be developed along with other adjoining society/ies under the cluster development scheme.
- The redevelopment of two housing societies on Peddar Road in South Mumbai, which has an estimated gross sales potential of more than ₹1,500 crore.
Recent Developments
Oberoi Realty has recently inked a development agreement for MHADA-owned land in Aram Nagar, in the Versova area of Andheri West, Mumbai.
- The company had also emerged as the highest bidder, quoting ₹5,400 crore for the lease of 11 acres of land in Mumbai's Bandra East.