Oberoi Realty's Q4 FY26 Bookings Jump 96% to ₹1,673 Crore

There is a particular satisfaction in watching a quiet, disciplined quarter turn into a decisive one, and that is precisely what unfolded for Oberoi Realty as financial year 2026 drew to a close. Mumbai-based premium real estate developer Oberoi Realty has reported gross bookings of ₹1,673 crore for the fourth quarter of FY26, marking a year-on-year increase of 96.13 per cent. The scale of that swing becomes even clearer when set against the same period a year earlier: the company had reported bookings of ₹853 crore in the corresponding quarter last year.

The strength was not confined to value alone. In Q4 FY26, Oberoi Realty recorded bookings for 229 units, up from 78 units in Q4 FY25. The physical footprint of these sales told the same story, with the carpet area booked during the quarter stood at 3,57,552 square feet, reflecting a rise of 160.37 per cent year-on-year. Even measured quarter-on-quarter against the preceding three months, the acceleration was unmistakable, as booking value increased by 100.11 per cent quarter-on-quarter, while the number of units booked rose by 76.15 per cent.

Zoom out to the full year, and a more nuanced picture emerges, one of fewer transactions but a decisively larger cheque size per home. For the full financial year, Oberoi Realty reported bookings of ₹5,447 crore, up 3.14 per cent year-on-year. However, the number of units booked declined by 24.86 per cent to 698 units during the year. Carpet area booked also fell by 10.61 per cent to 11,47,557 square feet. Analysts reading these numbers together see a deliberate tilt rather than a slowdown: the company experienced a 24% decline in bookings yet achieved an increase to ₹5,447 crore in booking value which demonstrates its strategic shift toward premium housing and high-value transactions.

This performance did not occur in isolation from the wider market, which makes it more notable still. The company's performance comes amid mixed trends in the residential real estate sector. Housing sales across top Indian cities declined 4 per cent year-on-year to 84,827 units, according to Knight Frank India, due to factors such as affordability pressures, geopolitical uncertainties and correction in equity markets. Even the metros where Oberoi is deeply rooted felt this pressure, since large markets including Mumbai, the National Capital Region and Pune saw year-on-year declines in sales, even as underlying demand drivers remained intact. That Oberoi Realty could post such a sharp quarterly rebound against this backdrop speaks to the resilience of its premium buyer base.

The bookings momentum found an echo in the company's bottom line. Oberoi Realty's net profit for the fourth quarter of financial year 2026 (Q4FY26) grew 62.35 per cent year-on-year (YoY) to Rs 703.28 crore on the back of strong revenue growth. On the revenue side too, the company's revenue from operations during Q4FY26 stood at Rs 1,749.83 crore, up 52.14 per cent YoY. To back its expanding pipeline, Oberoi Realty's board of directors on Friday also approved raising funds of up to Rs 4,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis.

Behind these numbers lies a broader land and expansion story that explains why the fourth quarter mattered so much. During the year, the company has secured three project developments across Southern and Western Mumbai, as well as a significant land parcel near Bandra Railway station. The Bandra move was itself sizeable, since the firm emerged as the highest bidder for RLDA's land spread over 45,371 sq metres, or about 11 acres, for a lease of 99 years... with the bid value standing at approximately ₹5,400 crore.

The headline event of the year, however, arrived just after the fiscal close: Oberoi Realty's long-awaited entry into North India. The developer's first Delhi-NCR project, Three Sixty North, recorded gross bookings of roughly Rs 8,109 crore, covering about 2.31 million square feet of saleable area and more than 460 homes priced from Rs 18 crore upwards. On the earnings call following this launch, management described the moment plainly: "We've started our journey outside MMR with our project in NCR by launching Three Sixty North. This marks an important milestone in our growth journey." The pipeline for the year ahead stays equally full, with multiple launches planned for FY 2027, including Three Sixty North (Gurgaon), Carter Road Oceanic, Malabar Hill Fairview, Forestville Tower D, Jardin Tower A, Ralli Wolf Mulund, Adarsh Nagar, Enigma commercial, and Orion on Pedder Road, while the Alibaug project is expected to launch in Q3 FY 2027.

For a homebuyer watching this from the outside, the takeaway is fairly direct: Oberoi Realty's Q4 rebound was not a one-off spike but the visible tip of a much larger machine, one that is now testing its brand outside Mumbai for the first time in decades. Anyone tracking Oberoi projects, whether in the Mumbai Metropolitan Region or the new Gurugram and Alibaug addresses, should expect a busier, more diversified launch calendar through FY27.