Daijiworld Media Network - Mumbai

Mumbai, Apr 21: Oberoi Realty reported a notable drop in unit sales for FY26, even as rising demand for premium properties helped support overall booking value.

According to its stock exchange filing, the Mumbai-based developer sold 698 units during the financial year, marking a 24.86 percent decline compared to 929 units in FY25. The total carpet area booked also fell by 10.61 percent to 11,47,557 square feet.

Despite the decline in volumes, the company managed a 3.14 percent year-on-year increase in booking value, which reached Rs 5,447 crore. This indicates that while fewer homes were sold, buyers leaned toward higher-value properties, boosting overall revenues.

The fourth quarter, however, showed strong momentum. Gross bookings surged to Rs 1,673 crore, nearly doubling from Rs 853 crore in the same period last year. The number of units booked jumped to 229 from 78, while the total carpet area more than doubled to 3,57,552 square feet.

On a sequential basis as well, the company posted robust growth. Booking value rose over 100 percent quarter-on-quarter, with unit sales increasing by more than 76 percent. The carpet area booked also saw a significant jump of over 92 percent compared to the previous quarter.

In the stock market, shares of Oberoi Realty gained modestly in the latest session and have shown steady upward movement over recent weeks, including a strong rise over the past month.

Led by chairman and Managing Director Vikas Oberoi, the company continues to focus on premium residential, commercial, retail, and hospitality projects, leveraging its long-standing presence in India’s real estate sector.