The Nifty Realty index closed on a positive note with Mahindra Lifespace Developers, Sobha Ltd., Macrotech Developers, Oberoi Realty, and DLF Ltd. as the top gainers. Brigade Enterprises Ltd. and Phoenix Mills Ltd. were the top losers. The Nifty Realty index closed at 933.1, while the NSE Nifty50 index ended at 22336.4.
Mumbai-based real estate developer, Oberoi Realty, has reported a 53% decline in sales bookings to Rs 4,007 crore in the last financial year, compared to Rs 8,572 crore in the previous year. The company sold 705 units for a total carpet area of 10.76 lakh square feet. Oberoi Realty focuses on luxury and ultra-luxury residential projects.
Oberoi Realty recorded a decline of 53% in sales and bookings during the fiscal year 2023-24. The company sold 705 units for ₹4,007 crore, reflecting a significant drop compared to the previous year’s performance. This decline can be attributed to the high base set in the previous fiscal year. Read more to find out the details.
