Oberoi Realty Q3 net profit rises 50% YoY to Rs 701.77 crore

The company has recently acquired 8.5 acres of land in Thane’s Pokhran Road locality from Blue Star. This land parcel is estimated to provide the company an additional saleable area of around 2.25 million sq ft in its existing Pokhran project.

“The residential market continues to grow due to the increase in demand for larger homes due to incremental income and financial stability…With new project launches planned for the fourth quarter, we expect to end the year on a strong note as we continue to look out for future growth opportunities,” said Vikas Oberoi, CMD, Oberoi Realty.

The company has concluded the acquisition of residential premises in its project Three Sixty West in Mumbai’s Worli locality. Ends