Oberoi Realty's FY26 Growth & Geographic Expansion

Oberoi Realty FY26 pre-sales rose 4% to ₹5,447 crore and the company plans to raise up to ₹6,000 crore for future growth. Mumbai-based Oberoi Realty's sales bookings rose 4 per cent last fiscal to Rs 5,447 crore amid strong demand for luxury homes. This measured growth masks a profound shift in the company's market positioning: fewer units sold at substantially higher values. However, total units booked declined to 698 from 929 in the previous year. This indicates fewer but potentially higher-value transactions during the year.

The Q4 FY26 quarter proved transformative, reversing early-year sluggishness with remarkable momentum. Presales for Q4FY26 at ₹1673 crore up 96% YoY (100% QoQ). During 2025-26, Oberoi Realty's consolidated net profit rose to Rs 2,507.64 crore as against Rs 2,224.05 crore in the preceding year. The developer's financial strength is evident in its balance sheet resilience and consistent dividend announcements.

Capital mobilization now underpins the next growth chapter. Recently, the company's board approved a proposal for "enabling raising of funds for an aggregate amount not exceeding Rs 6,000 crore by way of issuance of equity shares, eligible securities, other securities or instruments or any combination of securities, in one or more tranches, by way of private placement, including a qualified institutions placement". All resolutions saw high approval percentages, indicating strong shareholder confidence. The approval for raising up to ₹6,000 crore provides Oberoi Realty with significant financial firepower for future expansion and strategic initiatives.

Geographic diversification marks the company's boldest strategic pivot in decades. Oberoi Realty has entered the Delhi-NCR market with the launch of Three Sixty North, its first ultra-luxury residential project in Gurugram. The company has committed an estimated Rs 60 billion (Rs 60 bn) to develop the scheme on 14.8 acres on Golf Course Extension Road in Sector 58. Located on the Golf Course Extension Road, the project entails an estimated investment of ₹6,000 crore and holds a revenue potential of approximately ₹16,000 crore. The project achieved robust early traction, with Oberoi Realty launched its luxury project 'Three Sixty North' in Gurugram, booking ₹8,109 crore across 13.52 lakh sq. ft. This marks a significant expansion into the NCR region, validating its premium branding strategy.

Simultaneously, the developer is consolidating its Mumbai stronghold through landmark acquisitions. Oberoi Realty won a ₹5,400 crore bid for a 99-year RLDA lease of an 11-acre Bandra East parcel, adding 1.95 million sq ft FSI to its pipeline. The land parcel is located adjoining the Western Express Highway in Mumbai and has a floor space index potential of around 19.50 lakh square feet. This is no small footnote in the city's development story — railway land parcels in Bandra East have drawn strong interest in recent years due to their proximity to the Bandra Kurla Complex, one of India's most expensive commercial districts. Oberoi Realty has capitalised its SPV Centerstage Realty with Rs 268.50 crore, meeting bid-mandated share capital for developing railway land in Bandra East, Mumbai. Following earlier payments to RLDA, the fully owned SPV structure enables Oberoi Realty to advance a 99-year lease redevelopment project, bolstering its Mumbai project pipeline and market presence.

Investors are closely watching how Oberoi reconciles this dual-market strategy. Chairman and Managing Director Vikas Oberoi told Hindustan Times the focus is on "sustenance" and "slowly slip into the market." That approach mirrors the company's long-running playbook in Mumbai, where it typically releases inventory in tranches. The deliberate, calibrated approach to sales in both markets reflects disciplined capital deployment—a hallmark of the company's four-decade legacy. With ₹6,000 crore in authorized capital, a revitalized Mumbai pipeline, and a credible NCR foothold, Oberoi Realty stands positioned to deliver sustainable long-term value for homebuyers and shareholders alike.