Real estate firm Oberoi Realty Ltd reported a significant 45% drop in net profit in the fourth quarter of the fiscal year, primarily due to a decline in revenue. Despite the challenging financial landscape, the company has declared a dividend for its shareholders.
Oberoi RealtyReal EstateFinancial ResultsNet ProfitDividendReal Estate NewsApr 28, 2025
Oberoi Realty reported a 45% decline in net profit in Q4, which fell to Rs 110 crore from Rs 200 crore in the corresponding period last year.
The revenue decline was primarily due to the lingering effects of the economic slowdown and a decrease in demand for new real estate projects.
Oberoi Realty is focusing on cost optimization, enhancing marketing efforts, and exploring opportunities in non-traditional areas such as co-living and serviced apartments.
The Indian government has introduced measures such as the Real Estate (Regulation and Development) Act (RERA) and affordable housing schemes to support the real estate sector.
Oberoi Realty plans to diversify its revenue streams, continue developing premium properties, and adapt to changing market conditions to ensure long-term growth.
The proposed Regional Ring Road project in Telangana has raised concerns among environmentalists and public policy experts, who argue that it threatens fertile agricultural lands and densely populated villages.
Chief Minister Pramod Sawant assures the Goa Legislative Assembly of a thorough inquiry into the sale of industrial land by Zuari Industries Ltd for real estate development
The Colliers report highlights the growing trend of flex spaces in India, with over 80% of occupiers planning to expand their office portfolio through flexible workspaces in the next few years.
Maharashtra Real Estate Appellate Tribunal directs developer to refund Rs 13.5 lakh booking fee with interest to flat allottees after cancellation of booking.
Equity capital placements in October 2024 were predominantly from Japan, the US, and Singapore, primarily directed towards the manufacturing, real estate, and other key sectors.
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued stringent guidelines, requiring property developers to prominently display QR codes and registration numbers in all advertisements. Failure to comply could result in hefty penalties of up to Rs 50,000.