Vikas Oberoi
Chairman & Managing Director, Oberoi Realty Ltd.Birth DetailsSeptember 9, 1967
NationalityIndian
LeagueBusiness Leader
EducationBachelor’s Degree, Bombay University; Executive MBA, Harvard Business School
Net Worth$2.3 billion (As of May 29, 2021)
Vikas Oberoi's Assets:
Vikas Oberoi's Journey so far ...
Before you go ...
Vikas Oberoi's Journey so far ...
- Vikas Oberoi has been a member of Oberoi Realty’s board since its formation in 1998. Back then it was called Kingston Properties Pvt. Ltd.
- In 2007, Oberoi roped in an investment of $152 million from Morgan Stanley Real Estate
- The Mumbai-headquartered company got the name Oberoi Realty Pvt. Ltd. in 2009
- He became the chairman and managing director of Oberoi Realty Ltd. in 2009 and has been at the helm of the organisation since
- The company got listed in India’s public markets in 2010
- Well known for its high-end residential projects, Oberoi’s company also deals with commercial, retail, hospitality and social infrastructure projects
- As per the company’s website, Oberoi has already developed 11.89 million sq. ft. spaces in Mumbai, and work on developing another 38 million sq. ft. is underway
- Some of Oberoi’s notable projects and undertakings include Oberoi Garden City, Oberoi Mall, Oberoi International School, Commerz, Westin Mumbai, etc.
- Among Oberoi Realty’s upcoming projects are their luxury hotel and residences project being developed in partnership with Ritz Carlton
- He has also formed the Oberoi Foundation which develops educational institutions and social infrastructure
Before you go ...
- Oberoi is married to the Hindi film actress Gayatri Joshi who starred opposite Shahrukh Khan in the 2004 movie ‘Swades’
Last Updated: 01/06/2021
Vikas Oberoi News
- Oberoi Realty shares jump over 6% after robust Q1 resultsIts net profit stood at Rs 321.64 crore in the year-ago period. The company's revenue from operations increased 54.4% to Rs 1,405.2 crore against Rs 910 crore in the corresponding period of the preceding fiscal.
- Oberoi Realty Q4 profit up 64 pc to Rs 788 cr; plans to raise up to Rs 4,000 crOberoi Realty has posted 64 per cent increase in consolidated net profit at Rs 788.03 crore for March quarter FY24 and announced plans to raise up to Rs 4,000 crore through issuance of equity shares and non-convertible debentures. Its net profit stood at Rs 480.29 crore in the year-ago period.
- Oberoi Realty reports 48% decline in Q3 net profit at Rs 360 croreRealty developer Oberoi Realty reported a 48% YoY decline in consolidated net profit for the quarter ended December at Rs 360.02 crore. The total consolidated income for the quarter also fell 34% to Rs 1,082.85 crore. Despite the challenges, the new tower in Elysian at Oberoi Garden City in Mumbai's Goregaon recorded a gross booking value of Rs 882 crores for over 2.20 lakh sq ft carpet area.
- A month after Italy car mishap, 'Swades' star Gayatri Joshi & husband Vikas Oberoi make 1st public appearance at Jio World Plaza Launch in MumbaiThe former actress and her husband were earlier involved in a near-fatal car accident in Sardinia, Italy.
- Actress Gayatri Joshi's husband Vikas Oberoi under probe following car collision in Italy that killed elderly couple: ReportVikas Oberoi, husband of former Bollywood actress Gayatri Joshi, is being investigated after a fatal collision involving a Lamborghini and a Ferrari in Italy. The crash resulted in the deaths of a Swiss couple. Oberoi, driving the Lamborghini, was attempting to overtake a camper van when the collision occurred.
- What caused the 'horrific' supercar crash in Italy involving Swades actress Gayatri JoshiVikas Oberoi, husband of Bollywood actress Gayatri Joshi, is being investigated after a fatal collision in Italy involving a Lamborghini and a Ferrari. Oberoi was driving the Lamborghini, which collided with the Ferrari, resulting in the death of a Swiss couple and an overturned campervan. Oberoi and Joshi were unharmed. Videos of the incident have been collected, and a thorough investigation is underway. The event highlights the importance of road safety and the consequences of reckless driving.
- ‘Swades’ star Gayatri Joshi, husband Vikas Oberoi survive car collision in Italy; elderly couple killedThe collision took place in Sardinia reportedly. The incident occurred when two vehicles tried to overtake the camper van.
- Oberoi Realty in talks with Marriott International, Hyatt for luxury hotel property in ThaneThe company is planning to develop a 300-key property as part of its proposed integrated development spread across nearly 75 acres. This will be the first five-star hotel to come up in Thane near the country’s financial capital Mumbai.
- Oberoi Realty reports Rs 480 crore net profit in January-MarchOberoi Realty has reported consolidated net profit of Rs 480.16 crore for the quarter ended March as against Rs 232.78 crore a year ago. Revenue for the quarter also rose to Rs 995.11 crore from Rs. 842.94 crore from a year ago. The consolidated net profit for the financial year 2022-23 rose to Rs 1,903.93 crore as against Rs 1,047.87 crore a year ago. Revenue for the year stood at Rs. 4,293.20 crore as against Rs 2,752.42 crore for 2021-22.
- Oberoi Realty affiliate buys Mumbai penthouse for Rs 230 crore in India's costliest apartment dealThe developer has acquired the luxury pad spread over around 30,000 sq ft on the 63rd habitable floor of the project’s tower B through its affiliated company RS Developers, showed the registration documents accessed by ET. On Sunday, ET had first reported the news of several high-ticket transactions executed by high-profile corporate personalities including Radhakishan Damani, billionaire investor and founder of retail chain DMart, his family members and associates.
- Oberoi Realty Q3 net profit rises 50% YoY to Rs 701.77 croreThe 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
- Oberoi Realty plans to raise Rs 3,500 crore through share sale, bonds issueThe company’s board of directors have approved enabling resolutions for the fundraising. Of this, the equity issue will be up to Rs 2,000 crore and debentures worth up to Rs 1,500 crore, the company said in a regulatory filing.
- Oberoi Realty appoints Sameep Pathak as CEO of its Mall business“Sameep's rich experience and track record of setting up leading retail assets across India will certainly help us thrive in our current endeavours and ensure the success of the strategic roadmap that we have envisioned for our retail businesses,” said Vikas Oberoi, CMD, Oberoi Realty.
- Oberoi Realty Q1 results: Co reports net profit at Rs 81 croreThe developer reported consolidated revenues of Rs 294.77 crore for the quarter as against Rs 126.86 crore a year ago and Rs 800.87 crore in the previous quarter.
- Oberoi Realty Q3 results: Net profit jumps 93% YoY to Rs 286 croreThe company’s consolidated net profit decreased to Rs 569.56 crore as against Rs 618.09 crore a year ago. Total revenue for the period declined to Rs 1,289.71 crore as against Rs 1,659.72 crore a year ago.
- Corporate chatter: When Ambani's SIL discussed Sharon Stone with Blackstone boss; Yes Bank's last pitch to RBIPiramal was seen engaged in a riveting fireside chat with Stephen Schwarzman.
- Flying for Vikas Oberoi, sharpening smell for Josy Paul: Top bosses channeling their inner 'X-Men'Professionals reveal which of their faculties they would like to heighten and why.
- Quaint, vacay getaways for Virat Kohli, Rahul Sharma and wife AsinMovers and shakers choose the road less taken and head out to little-known destinations.
- Oberoi Realty April-June net profit down 16 per cent on yearThe company’s revenue from hospitality business rose to Rs 30.05 crore as against Rs 28.81 crore a year ago.
- Guiding a billionaire boss! Vikas Oberoi can't have enough of his digital assistanceThe billionaire MD of Oberoi Realty subscribes to this new age version of the office desk.
- Flying and business have a lot in common, says property magnate Vikas OberoiVikas Oberoi reveals what he has learnt up in the air and how it has shaped his business principles on the ground.
- Safety of a commercial plane is always superior than any private plane: Vikas OberoiBusinessmen need to travel often and when you're the chairman of Oberoi Reality, the frequency of air travel is all the more.
- Samsung India leases 1.10 lakh sq ft office space in Mumbai's GoregaonThe company will be paying rentals of Rs 145 per sq ft a month, taking the total annual rentals to over Rs 19 crore. The lease is for total 9 years with 15% rental escalation every 3 years.
- Black is the new white: Secondary real estate transactions to become transparentThe practice of investing unaccounted wealth is widely prevalent in real estate and this is expected to make things difficult for developers.
- Oberoi Realty Q2 housing sales jump over 3-fold to Rs 504 croreIncome from operations increased to Rs 252.02 crore during July-September period of this fiscal from Rs 190.77 crore in the corresponding period of the previous year.
- Teva Pharmaceutical inks largest realty deal for HQ at GoregaonThe drug-maker will be paying Rs 140-145 per sq ft per month for the space. Teva has leased the front-office space for five years and rentals will be escalated after three years.
- Chef Gaggan Anand brings his cooking expertise to MumbaiThe Chef's exclusive pop up in the city saw some big names and food enthusiasts make a beeline to it.
- Oberoi Realty surges 8% on upbeat Q1 numbersThe company said its aggregate area booked during April-June quarter stood at 1.47 lakh square feet against 0.81 lakh square feet booked in the same period of the previous year.
- Oberoi Realty receives approval for project on Glaxo plot in WorliMumbai-based developer Oberoi Realty has received requisite approvals to go ahead with its project on a four-acre land parcel acquired from GalxoSmithKline.
- Ease of doing business: Real estate strangled by bureaucracy and corruptionIn the EODB subranking, India is slotted at 183rd in terms of getting construction permits and 138th in the ease of property registration.
- Oberoi Realty launches 'Sky City' in MumbaiReal estate player Oberoi Realty today launched a multi-tower residential project 'Sky City' in Borivali in suburban Mumbai and expects to gain Rs 10,000 crore revenue from it.
- Realty developer Oberoi Realty aiming to repay its debt worth Rs 500 crore in the next 18 monthsRealty developer Oberoi Realty is aiming to repay its debt worth Rs 500 crore in the next 18 months, said a top company official.
- When Vikas Oberoi flew at the speed of soundRealty billionaire Vikas Oberoi had the rare chance of flying one of the Rafale fighter jets at the Bangalore Air Show.
- Maharashtra's slum rehabilitation scheme is a gold mine for buildersSlum enclaves in prime localities of the city have turned out to be gold mines for private developers.
- Flying a Rafale is an experience that money cannot buy, says billionaire Vikas OberoiVikas Oberoi, real estate magnate and aviation enthusiast, shares what it was like to fly the French fighter jet Rafale, in a once in-a-lifetime opportunity.
- Oberoi Realty Q4 net up 34% at Rs 103 croreThe consolidated revenue rose to Rs 349.33 crore for January-March quarter of 2014-15 fiscal as against Rs 228.49 crore in the year-ago period.
- Oberoi Realty's promoter Vikas Oberoi calls on the commissionerSeen earlier this week in the corridors of the heritage building, rihanmumbai Municipal Corporation, was Vikas Oberoi.
- Class of ’9915 years ago, Priya Paul, Ajay Bijli,Suneeta Reddy and Vikas Oberoi were classmates at HBS, battling homesickness and juggling career goals.
- Realty sector expected to see revival if stable government comes: Vikas Oberoi, Oberoi RealtyIt may have gone up but it has not really gone into the developers’ hands because they are paying interest, hit by inflation and hit by additional cost.
- Oberoi Realty Q4 net profit down 47% at Rs 77 croreTotal income fell by 30 per cent to Rs 228.49 crore in the fourth quarter of last fiscal in the corresponding period of previous year.
- Oberoi Realty ties up with Ritz-Carlton for upcoming Worli hotelAlong with the hotel, Ritz will also manage around 140 apartments in the adjacent tower. This will be The Ritz-Carlton Hotel Company's second property in India.
- Oberoi Realty October-December consolidated net profit drops 49%Realty developer Oberoi Realty reported over 49% year-on-year decline in consolidated net profit at Rs 68.06 crore for the quarter ended December.
- Oberoi Realty Q2 net profit drops 48% to Rs 64 croreOberoi Realty reported 48% dip in consolidated net profit at Rs 64.14 crore for the July-September quarter of 2013-14 fiscal on lower sales.
- Oberoi Realty promoter's share sale offer over subscribedOberoi Realty promoters' offer to sell 1.14 cr shares through stock exchanges was subscribed 1.62 times.
- Oberoi Realty promoter to sell shares via OFS at Rs 158 apieceOberoi Realty has said its promoters will sell 1.14 cr shares at Rs 158 per share to meet Sebi's guidelines on minimum public shareholding norm.
- Three highly-qualified executive assistants in India Inc and their take on jobLong ago, executive assistants were called ‘secretaries’. But the job description has gone light years beyond typing letters and fixing appointments.
- Oberoi Realty plans foray into NCR property marketProperty developer Oberoi Realty, which has so far stuck to its home market of Mumbai, is now looking to foray into new market of National Capital Region.
- India's billionaire wealth much above country's fiscal deficitAs per the annual list of world's billionaires, published by business magazine Forbes, India has 55 billionaires with a total networth of $189.1 billion.
- Oberoi Realty, Bulgari hotel talks fall throughMumbai will have to wait a while longer for its ultra-luxury Bulgari hotel, as talks between the Italian hotel brand and Oberoi Realty have fallen through.
- Oberoi Realty Q3 consolidated net Rs 134.46 crore, up 32% on yearTotal consolidated revenue for the third quarter grew nearly 42% to 308.03 crore, the company said in a release.
- Oberoi Realty Q3 net up 34.85 per cent at Rs 185.39 croreOberoi Realty today posted 34.85 per cent increase in net profit to Rs 185.39 crore for the quarter ended December 31.
- 3 luxury brands in race for Oberoi Realty's hotel in MumbaiThe three ultra luxury hotel brands are seeking to make an India entry through a management tie-up with Oberoi Realty.
- Oberoi Realty stands on firm ground despite slumpThe Mumbai-based realtor is not only debt free, but has nearly Rs 1,500 crore cash reserve and enough projects and land parcels for next five years.
- Oberoi Realty net down 50 pc to Rs 102.07 crOberoi Realty today posted a 50.26 per cent dip in net profit to Rs. 102.07 crore for the quarter ended December 31, as against Rs 205.23 crore in the year-ago period.
- Oberoi Q2 net up 17 pc to Rs 111.44 cr on higher salesOberoi Realty today reported a 17 per cent increase in its consolidated net profit to Rs 111.44 crore for the quarter ended September 30, 2011.
- Oberoi Realty Q3 Net up by 57 pc at Rs 205 crThe revenue grew by 95% to Rs 420.49cr during Oct-Dec quarter of this fiscal from Rs 215.56cr in the corresponding quarter of the previous financial year, the co said in a statement.
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