Oberoi Realty Expands Its Reach: Enters NCR and Unveils Exciting Projects in Thane
Oberoi Realty, a prominent real estate developer based in Mumbai, has recently made significant strides in its growth trajectory. The company’s stock experienced a notable increase of over 2 percent with the announcement of its entry into the National Capital Region (NCR). In a bid to diversify its portfolio and expand its market presence, Oberoi Realty acquired 14.8 acres of land in Gurugram, investing a staggering sum of Rs 597 crore.
This strategic move allows Oberoi Realty to break new ground outside of Mumbai and opens up avenues for future growth. The company’s plan is to develop a luxury residential group housing project on the newly acquired property, which spans an area equivalent to 59,956.20 square meters, with an estimated Floor Area Ratio (FAR) of 2.6 million square feet.
Additionally, Oberoi Realty has exciting projects lined up in Thane. One of them is the highly anticipated Forestville development in Kolshet, slated for launch this month. Furthermore, the company has set its sights on a project at the Glaxo Pharma site in Vasant Vihar, adding to its already impressive pipeline.
Noteworthy financial analysts at Motilal Oswal believe that Oberoi Realty’s foray into the NCR region presents lucrative growth prospects. However, they are maintaining their pre-sales and cash flow estimates until more clarity is gained regarding the project’s launch timeline. The brokerage also highlights that with seven ongoing projects already in progress, the management is unlikely to prioritize further project acquisitions in the immediate future.
On the other hand, analysts at Sharekhan hold a positive outlook on Oberoi Realty’s stock, predicting further upside potential. Their projections are based on the robust growth in the residential real estate segment, particularly in the Mumbai Metropolitan Region (MMR). Key project launches in Thane, sustained momentum in the Borivali project, and contributions from the Three Sixty West project are all cited as key drivers of this anticipated growth.
Although Oberoi Realty is positioned for continued success in the real estate market, there are potential risks on the horizon. These include muted sales of the Elysian project in Goregaon and potential fluctuations in sales bookings for the Three Sixty West project.
In conclusion, Oberoi Realty’s expansion into the NCR region and its upcoming projects in Thane serve as solid foundations for the company’s ongoing growth in the real estate industry.
FAQs
1. What is Oberoi Realty’s latest venture outside of Mumbai?
Oberoi Realty has acquired 14.8 acres of land in Gurugram, marking its first venture into the National Capital Region (NCR).
2. What are Oberoi Realty’s upcoming projects in Thane?
Oberoi Realty is set to launch the Forestville development in Kolshet and a project on Glaxo Pharma land in Vasant Vihar in Thane.
3. What are the growth prospects for Oberoi Realty?
Analysts believe that Oberoi Realty’s expansion into the NCR region and its ongoing projects in Thane provide growth prospects for the company.
4. What are the potential risks for Oberoi Realty?
The potential risks for Oberoi Realty include muted sales of the Elysian project in Goregaon and fluctuations in sales bookings for the Three Sixty West project.
The source of the article is from the blog girabetim.com.br