### **Overview** Oberoi Realty Limited is a premier Indian real estate developer headquartered in Mumbai, specializing in **premium mixed-use and single-segment developments** across residential, commercial, retail, hospitality, and social infrastructure sectors. With a strong legacy of high-quality design, innovation, and strategic project execution, Oberoi Realty has established itself as a leader in the luxury real estate market in India. The company has delivered over **50 completed projects** in Mumbai, leveraging integrated, mixed-use models that transform high-potential locations into comprehensive lifestyle ecosystems. Its flagship developments—**Oberoi Garden City (Goregaon)** and **Oberoi Garden City Thane**—epitomize its vision of creating sustainable, connected, and human-centric urban environments. --- ### **Strategic Focus & Business Segments** #### **1. Residential Development** Oberoi Realty continues to dominate the **premium residential segment**, driven by strong brand equity, aspirational demand, and innovative, human-centric design. Key projects include: - **Eternia & Enigma Towers (Mulund West, Mumbai):** - First project in Mumbai’s eastern suburbs on two adjacent 9-acre plots. - Sold **855 units** (Eternia) with ₹22,423.28 crore in total sales; **85%+ revenue recognition** by FY 2024–25. - Enigma: **542 units sold**, ₹25,642.15 crore in total sales; **>98% revenue recognized**. - Full occupancy certificate for Enigma secured in August 2024. - **Sky City (Borivali East, Mumbai):** - 25-acre project with ~3.4 million sq. ft. carpet area. - Over **1,500 units sold**; major residential success. - **Forestville (Kolshet, Thane):** - ~1.8 million sq. ft. biophilic residential project emphasizing integration of nature, air, water, and sunlight. - As of FY 2024–25: **240 units sold** (₹4,346 crore sales value), ₹814.6 crore revenue recognized. - **Elysian Tower-C (Oberoi Garden City, Goregaon):** - Launched in 2024, featuring luxury amenities, landscaped gardens, and high-ceiling lobbies. - **Oberoi Garden City Thane (Pokhran, Thane):** - 75-acre second integrated development in Thane. - Phase 1 launched in Oct 2024 with 5 towers (2 open for booking). - Anchored by **JW Marriott Hotel Thane Garden City**, Oberoi International School, and private membership club. #### **2. Office & Commercial Real Estate** Oberoi Realty owns and operates a growing portfolio of **Grade-A office assets**, benefiting from India's rise as a **Global Capability Center (GCC) hub**. - **International Business Park (Goregaon):** - Home to **Commerz**, **Commerz II**, and **Commerz III**, all strategically located within Oberoi Garden City. - Commerz and Commerz II at **peak occupancy**. - **Commerz III** (largest office asset) commenced operations in FY 2024–25 with anchor tenant secured and strong leasing momentum. #### **3. Retail** The company has strengthened its retail footprint: - **Oberoi Mall (Goregaon):** - Consistently strong performance with **>90% occupancy** across recent financial years. - Remains a key destination in the Mumbai Metropolitan Region (MMR). - **Sky City Mall (Borivali):** - Soft-launched in Jun 2025. - Strategically connected to the metro, drawing positive tenant and consumer response. - Positioned as a **leading retail hub in Western Mumbai**. #### **4. Hospitality** Oberoi Realty is expanding its luxury hospitality footprint through strategic partnerships with global brands: - **Mumbai Marriott Hotel Sky City** – Borivali - **The Ritz-Carlton** – Worli (within redevelopment project) - **JW Marriott Hotel Thane Garden City** – Thane - **The Westin Mumbai Garden City** – Operational in Goregaon These hotels are integrated within mixed-use developments, enhancing lifestyle appeal and long-term asset value. #### **5. Social Infrastructure** Education is a core component of the company’s integrated ecosystem strategy: - **Oberoi International School:** - Two operational campuses in **Goregaon** and **JVLR (Mumbai)**. - A **third campus under development in Thane** to meet growing demand for premium international education. --- ### **Growth & Expansion Strategy** - **New Market Entry:** - Entered the **National Capital Region (NCR)** in 2023 with a planned luxury residential project in **Gurugram**. - **Land Acquisition:** - Acquired strategic land parcels in **Gurugram**, **Thane**, and **Worli (Mumbai)** during FY 2023–24. - Focused on redevelopment in prime South Mumbai locations. - **Development Pipeline:** - As of FY 2023, pipeline stood at **32.80 million sq. ft.** across all segments. - Continued focus on **Mumbai and MMR**, with selective evaluation of regional hubs. - **Joint Ventures:** - 50% stake in **I-Ven Realty Limited** (joint venture as of Jul 2024). - 47.5% equity stake in **Moveup Real Estate Private Limited**. --- ### **Market Position & Competitive Strengths** - **Strong Brand Equity:** - Brand drives customer preference and enables **premium pricing** across all segments. - **Proven Execution Capability:** - Track record of delivering landmark projects on time, with consistent design excellence. - **Sustainability & ESG:** - Integrated ESG principles across operations; published its **first ESG report** in FY 2024. - Focus on **biophilic design, energy efficiency**, and clean technologies. - **Resilient Financial Position:** - Conservative debt strategy with robust cash reserves. - Strong revenue recognition and cash flow generation from pre-sold projects. - **Long-Term Demand Outlook:** - Favorable macro drivers: rising per capita income, urbanization, aspirational homeownership, and demand for premium workspaces. --- ### **Recent Milestones (As of Nov 2025)** | **Project/Initiative** | **Status/Milestone** | |------------------------|------------------------| | **Commerz III (Goregaon)** | Operational with multiple corporate tenants onboarded | | **Sky City Mall (Borivali)** | Soft-launched in Jun 2025; positive early traction | | **Oberoi Garden City Thane** | Phase 1 live; bookings strong; integrated school and hotel progressing | | **Forestville (Thane)** | Biophilic design resonating with health-conscious buyers | | **Enigma Tower Occupancy Certificate** | Full OC received Aug 2024 | | **Revenue Recognition (FY 2024–25):** | <ul><li>Eternia: ₹22,149.71 Cr</li><li>Enigma: ₹25,126.35 Cr</li></ul> |