• NCR project investment: Oberoi Realty is entering the Gurugram market with its 360 North project, involving a total investment of approximately ₹6,000 crore including land and an estimated revenue potential of ₹16,000 crore.
• Expansion pricing threshold: The company is open to evaluating further developments across NCR and Noida, provided locations meet its baseline price point of at least ₹20,000 to ₹25,000 per square foot.
• Macro demand outlook: Management dismissed concerns regarding market slowdowns or valuation bubbles, viewing geopolitical shocks as temporary headwinds while underlying residential demand remains strong due to rising buyer affluence.
• NCR competitive dynamics: Vikas Oberoi highlighted that Gurugram possesses both market depth and width, creating ample space for new and existing ultra-luxury developers to coexist.