Oberoi Realty Q1 pre-sales fall 36 pc to Rs 1,050 cr

New Delhi, Jul 19 (PTI) Oberoi Realty Ltd has posted a 36 per cent decline in its sales bookings to Rs 1,049.88 crore in the first quarter of this financial year on lower volumes across its residential projects.

Its sales bookings or pre-sales stood at Rs 1,638.68 crore in the year-ago period.

According to its latest investor presentation, Mumbai-based Oberoi Realty sold 161 units covering 2.28 lakh sq ft during the April-June quarter of the 2026-27 fiscal.

The gross bookings value stood at Rs 1,049.88 crore, while the company collected Rs 921.40 crore from customers in the June quarter.

Despite a fall in the first quarter pre-sales, Oberoi Realty is set to significantly surpass the Rs 5,447 crore of sales bookings achieved during the full 2025-26

fiscal, on the back of a strong debut in the Delhi-NCR market.

On June 29, Oberoi Realty announced its foray into the Delhi-NCR market with the launch of its first luxury housing project with a total investment of a Rs 6,000 crore and a revenue potential of Rs 16,000 crore.

In the first week of July, the company said it had sold luxury homes worth Rs 8,109 crore in its newly launched project in Gurugram on strong consumer demand.

However, on July 9, Oberoi Realty faced a legal hurdle in its Gurugram project with Punjab and Haryana High Court restraining the company from making any further allotment of flats in this project.

Reacting to the order, Oberoi Realty asserted that there would be no adverse impact on its business operations.

In a regulatory filing on July 9, the company said the court ruling has not stayed construction of this upcoming project, and the order does not impact sales already concluded by it.

The company said it would “pursue necessary legal course of action”.

On the financial front, Oberoi Realty has reported a 29 per cent increase in its consolidated net profit to Rs 543.51 crore for the quarter ended June.

Its profit stood at Rs 421.25 crore in the year-ago period.

Total income grew to Rs 1,361.69 crore in the first quarter of this fiscal from Rs 1,073.98 crore in the corresponding period of the preceding year, according to a regulatory filing.

Mumbai-based Oberoi Realty is one of the leading real estate developers in the country.

Oberoi Realty has delivered 51 real estate projects so far, comprising 17.3 million sq ft. More than 34 million sq ft is under construction. PTI MJH HVA