Latest news with #360West
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Business Standard
22-07-2025
- Business
- Business Standard
Oberoi Realty shares dip 3% after weak Q1; should you buy, sell or hold?
Oberoi Realty share price today: Shares of the real estate developer, Oberoi Realty, dropped 2.9 per cent on Tuesday, July 22, 2025, recording an intraday low of ₹1,781 after the company reported weak earnings for the first quarter of financial year 2025-2026 (Q1FY26). At 9:30 AM, Oberoi Realty shares were trading at ₹1,808.80, down by 1.41 per cent on the National Stock Exchange. In comparison, NSE Nifty was trading in green, up by just 0.15 per cent or 38 points, quoting 25,128.65. The total market capitalisation of the company stood at ₹65,604.75 crore. Oberoi Realty Q1FY26 earnings The real estate developer reported subdued results for the quarter ending June 30, 2025, with revenue from operations down by 29.71 per cent to ₹987.6 crore, from ₹1,405.16 crore reported in the first quarter of the previous financial year. Oberoi Realty's profit after tax (PAT) figure also took a hit during the first quarter of FY26 to ₹421 crore, as against ₹584.5 crore recorded in the corresponding quarter of the previous financial year. During Q1FY26, the real estate firm recorded bookings for 181 units, covering a total carpet area of 3.53 lakh square feet. The gross booking value amounted to ₹1,639 crore. That apart, the company has commenced bookings for Elysian Tower D, Oberoi Garden City, Goregaon. "Demand for luxury homes remains strong, fuelled by rising aspirations and a growing desire for an enhanced lifestyle. We are pleased to report another healthy quarter, driven by successful tower launch at Elysian, Oberoi Garden City have started our preparations towards new project launches over the balance part of the year and are also continuing to pursue attractive land acquisitions which will deliver lasting value for all our stakeholders," said Vikas Oberoi, chairman and managing director, Oberoi Realty The real estate developer's total expenses during the quarter stood at ₹573.7 crore, down from ₹669.1 crore reported in the same period of the previous fiscal year. ALSO READ | Will Titan's 67% acquisition of Damas boost profitability in GCC region? Should you buy, sell or hold? While profits were down, Oberoi Realty reported a healthy quarter in terms of pre-sales, which stood at ₹1,638 crore vs global brokerage firm Nomura's estimates of ₹1,320 crore, driven by strong performance in most of the projects. "(The decline in revenue was) likely driven by no revenue recognition from sales of the 360West project. Over the past two quarters, the company booked pre-sales of ₹750 crore while revenue of only ₹200 crore was recognised. We believe pre-sales will likely be recorded in upcoming quarters," Nomura stated in its report. The brokerage firm has maintained a 'Buy' rating on the stock with a target price of ₹2,000, citing healthy growth in the company's pre-sales figure (in the residential segment).
India.com
26-06-2025
- Entertainment
- India.com
Meet actress who has worked in only one film, now lives in Rs 400 crore home, film was.., her name is...
In 2004, a film of Shah Rukh Khan left the audience stunned. With a different storyline and moving performances, the movie Swades is still loved by audiences. Though the movie did not work on the big screens at that time, it received heavy appreciation for SRK and the co-actress. Do you remember the woman who played the role of Gita in the film? Yes, we are talking about Gayatri Joshi, who said goodbye to the film industry just after her debut and left fans wondering why. Gayatri Joshi Now Lives a Life Like After her performance in Swades, Gayatri decided to leave Bollywood, and she never returned as an actress. Just a year after Swades, on August 27, 2005, Gayatri tied the knot with the CEO of Oberoi Realty, Vikas Oberoi. After her wedding, Gayatri focused more on her family. Born in 1969, Vikas is the son of Ranbir Oberoi, the founder of Oberoi Realty Ltd. Growing up, Vikas closely observed his father manage the real estate business, inspiring him to follow in his footsteps. After completing his education, he joined his father in the family enterprise. Luxurious Home of Gayatri Joshi Many billionaires, businessmen, senior officers, and celebrities have invested in Oberoi Realty's premium 360 West project in Worli, Mumbai. This project has many luxurious 4BHK and 5BHK apartments, in which Shahid Kapoor, Abhishek Bachchan, and Akshay Kumar have invested. In the same place, Gayatri also lives with her husband Vikas. Recently, YouTuber and real estate enthusiast Enes Yilmazer gave a special glimpse of both the towers of the high-end complex, the same place where the Swades actress lives. The place has all the luxurious amenities, starting from a bowling alley, rock-climbing wall, squash, basketball and cricket courts, a top-notch gym, multiple swimming pools, and more. View this post on Instagram A post shared by Enes Yılmazer (@enesyilmazer) Every apartment is spread over 16,000 square feet. While Tower A has 27 residential floors and the Ritz-Carlton Hotel at its base, Tower B is completely residential and has 66 floors. The Floor Costs a Whopping Between Rs 45 to 57 Crore As per the details by the YouTuber, the listing price is $50 million (approximately Rs 428.96 crore). On the other hand, details shared by Square Yards reveal that a 4 BHK apartment (5,235 sq ft) is priced at around Rs 45 crore, while a 5 BHK apartment (6,651 sq ft) in Tower B is priced at Rs 57.17 crore.
