Oberoi Realty's Thane Launch Sees ₹1,348 Crore in Luxury Home Sales in 3 Days
Mumbai-based real estate firm Oberoi Realty has recorded a staggering ₹1,348 crore in sales for its luxury homes in Thane within just three days of the project's launch. The first phase of the development includes five residential towers, with bookings fo
Oberoi RealtyLuxury HomesThaneMumbai Real EstateResidential TowersReal Estate MumbaiOct 21, 2024
The company's regulatory filing states, 'We have recorded a gross booking value of around ₹1,348 crore for 5.65 lakh sq ft (carpet area) over the first three days of the project's launch.' The first phase of the development will consist of five residential towers, offering 3 BHK and studio apartments with sizes starting from 1,475 sq ft.
Vikas Oberoi, the chairman and managing director of Oberoi Realty, expressed his delight with the overwhelming response. 'We are thrilled by the tremendous response to the launch of our latest project at Oberoi Garden City Thane. The trust and confidence our customers have shown in our brand and product deeply humbles and encourages us. This project epitomizes our vision of delivering a holistic, luxurious living experience and we believe it will set a new benchmark for luxury in Thane,' he said.
Oberoi Garden City, Thane, will be a sprawling 75-acre project, offering over 30 amenities, a 5-star deluxe JW Marriott Hotel, an exclusive private membership club, and an Oberoi International School. These facilities are designed to provide residents with a comprehensive and high-end living experience.
The project's success is a testament to Oberoi Realty's strong market presence and the growing demand for luxury housing in Mumbai's suburban areas. The company has recently announced strong financial results for the second quarter of the fiscal year 2024-25, with a 74% increase in booking value to ₹2,509 crore from ₹1,441 crore. Additionally, its Profit After Tax (PAT) for the first half of FY25 saw a 33% increase to ₹1,173.71 crores from ₹777.45 crores in H1FY24.
Oberoi Realty is not just focusing on Thane; the company has plans to expand its footprint into other key areas. They are looking to foray into Gurugram and launch projects in Thane and Worli in the next 12 months. This strategic expansion underscores the company's commitment to delivering premium housing solutions across major metropolitan areas in India.
Frequently Asked Questions
What is the name of the new project launched by Oberoi Realty in Thane?
The new project launched by Oberoi Realty in Thane is named 'Oberoi Garden City Thane'.
How much has Oberoi Realty sold in terms of luxury homes within the first three days of the project's launch?
Oberoi Realty has sold luxury homes worth ₹1,348 crore within the first three days of the project's launch.
What are the key amenities included in the Oberoi Garden City Thane project?
The project offers over 30 amenities, including a 5-star deluxe JW Marriott Hotel, an exclusive private membership club, and an Oberoi International School.
What is the total area of the Oberoi Garden City Thane project?
The Oberoi Garden City Thane project spans a total area of 75 acres.
What are the future expansion plans of Oberoi Realty?
Oberoi Realty plans to expand into Gurugram and launch projects in Thane and Worli in the next 12 months.
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