After no new project launches in Q4 FY25, Oberoi Realty is planning a series of property launches in FY26. The company is entering the National Capital Region (NCR) with a project in Gurugram, and also intends to launch developments in Adarsh Nagar, Worli, and Tardeo in Mumbai.
Oberoi Realty’s Alibaug project is currently in the design phase and may be launched in FY27, according to analysts. The company is also planning to launch new towers in its ongoing projects in Borivali, Goregaon, Thane, and other locations.
“All projects are lined up in the second half of this year. We will sequence them out. We also have redevelopment projects in the city,” said Vikas Oberoi, chairman and managing director of the company, in a conference call this week.
According to analysts, the new launches are important as the company clocked pre-sales of ~Rs 850 crore with a decline of 47% yoy.
“Over the last 6-8 quarters, Oberoi Realty has been on an aggressive business development acquisition spree; of these, projects in Gurugram, Adarsh Nagar, select redevelopment sites, and Alibaug are slated for launch over the next 3-4 quarters. These, along with near-term launches, set the stage for solid growth over the near-to-mid-term,” Equirus Securities said in a recent report.
Even its peers have lined up a number of launches in FY26. For instance, Prestige Estates is looking to double its launches in FY26. Macrotech Developers picked up 10 land parcels in FY25, targeting a total sales value of `240 billion.
Further, he said they will start on the mall, hotel and school in the Thane land where it is developing residential towers.
On the company’s aggressive business development strategy, Oberoi said: “We treat business development as a separate vertical. We chase all deals but close whatever makes sense. We don’t get carried away by the market.”
Oberoi Realty was recently appointed as developer for a redevelopment project at Bandra Reclamation, with a free sale potential of 0.32 million sq ft of RERA carpet area.
“While OBER’s current valuation doesn’t suggest significant near-term gains, we foresee a strong 46% CAGR in its presales over FY25-27. The key to a future rating lies in the company’s ability to reinvest the substantial cash flow derived from its completed and near-completion projects,” said Motilal Oswal in a report.