Oberoi Realty’s annual report paints a mixed picture for fiscal year 2026: a sharp decline in overall sales volumes contrasted by an explosive growth in fourth-quarter bookings. Premium housing demand propelled the company to record highs in the January-March period, despite a tough year.
Filing details reveal FY26 pre-sales at 698 units, a 24.86% drop from FY25’s 929. Carpet area bookings fell 10.61% to 1.1 million square feet, but value climbed 3.14% to ₹5,447 crore. This premiumization trend reflects buyers’ preference for larger, luxury units amid rising aspirations.
Q4 stole the show with booking values hitting ₹1,673 crore—96% above last year’s ₹853 crore. Units jumped from 78 to 229, and carpet area ballooned 160% to 357,552 sq ft. Compared to Q3, growth was equally impressive: 100% in value, 76% in units, and 92% in area.
Led by Vikas Oberoi, the firm with 40+ years in high-end developments remains bullish. Residential projects like those in Mumbai’s prime locations continue to attract high-net-worth individuals seeking quality and exclusivity.
Market analysts point to stabilizing interest rates and urban migration as tailwinds. Oberoi Realty’s strategic pivot to luxury could set it apart, potentially heralding a recovery phase for the sector.
