Oberoi Realty, a prominent real estate developer, reported a significant drop in net profit in the fourth quarter of FY2024-25 due to higher land acquisition costs. The company also announced its fourth interim dividend for the fiscal year.
Oberoi RealtyReal EstateFinancial ResultsLand AcquisitionDividendReal EstateApr 28, 2025
Oberoi Realty's net profit in Q4 of FY2024-25 was ₹433 crore, a significant 45% decline from the previous year.
The main reason for the drop in Oberoi Realty's net profit is the higher costs associated with land acquisition.
Yes, Oberoi Realty has announced its fourth interim dividend for the fiscal year 2024-25.
Oberoi Realty plans to continue its expansion by launching new projects in strategic locations and exploring opportunities in tier-II and tier-III cities.
Oberoi Realty maintains transparency with its shareholders through regular financial disclosures and the announcement of interim dividends.
The introduction of Metro Line 3 is set to transform the real estate landscape in western Mumbai, boosting connectivity and demand for properties.
Ashoka Buildcon's subsidiary, Viva Highways, sells land in Hinjewadi, Pune for Rs 453 crore, leading to a surge in stock prices.
AIFs are transforming India's real estate sector by injecting significant capital into residential, commercial, and logistics segments.
Upstream transfers allow the wealthy to avoid significant capital gains taxes by gifting assets to their parents and inheriting them back, thereby receiving a step-up in basis.
Real estate developer Sobha Ltd experienced a 29% annual decline in sale bookings during the October-December quarter, amounting to Rs 1,389 crore. However, there was a 18% sequential increase from the previous quarter, signaling a recovery.
Mumbai: The Maharashtra Real Estate Appellate Tribunal (MahaREAT) has overturned a decision by the Maharashtra Real Estate Regulatory Authority (MahaRERA), providing much-needed relief to eight aggrieved homebuyers who had their complaints dismissed.