The Oberoi Realty Ltd inventory has taken a beating, declining 24% to this point in 2025 versus the Nifty Realty index’s 9% fall. To reverse this pattern, the Mumbai-focussed realty agency should ship on a slew of parameters.
New launches want acceleration. Within the June quarter (Q1FY26), it unveiled just one new tower—Elysian Tower D in Goregaon. There have been no new launches in Q2FY26; consequently, pre-sales at ₹1,299 crore, fell year-on-year and sequentially.
In H2FY26, one tower within the Borivali mission is scheduled for launch. Adarsh Nagar (Worli), Peddar Highway mission, Carter Highway mission and presumably some redevelopment initiatives are additionally seemingly in H2.
Till then, sustaining gross sales momentum in present initiatives is essential for money circulation trajectory. Reinvesting money circulation from accomplished and near-completion initiatives is seen as a re-rating set off for the inventory.
Right here, the uber-luxury Three Sixty West mission in Worli stays a focus. Oberoi bought 4 items on this mission in Q2FY26 versus six in Q2FY25 and one unit in Q1FY26. It goals to promote out its stock of 32-units inside the subsequent three years.
In Q2FY26, collections rose 12% year-on-year, largely led by Elysian and Three Sixty West initiatives. Enigma (Mulund) and Skycity initiatives have been the opposite contributors. On the flipside, Pokharan Highway, Thane mission was a dampener with softer gross sales and can be a key monitorable in H2FY26.
“Oberoi has entered key micro markets of Adarsh Nagar and Thane, the place the absorption capability and different regional complexities may hamper the corporate’s gross sales momentum,” says Axis Securities.
Additional, Oberoi is increasing its footprint out of the core Mumbai market into Gurugram in Delhi-NCR, the place it’s planning a high-end luxurious mission much like Three Sixty West; a launch is predicted in FY26.
On the business, hospitality and retail fronts, occupancies at Commerz-I and -II have been secure at 96% in Q2FY26, whereas Commerz-III’s occupancy elevated to 87% from 83% sequentially.
Leasing momentum in these workplace property is powerful, stated the administration. The Ritz-Carlton resort is nearing completion and can function over 200 keys together with in depth meals & drinks and banqueting amenities. It’s slated for a launch on the finish of FY26.
The Sky Metropolis mall in Borivali (launched in Q4FY25) may obtain 100% occupancy by FY26-end from 53% now. Briefly, whereas Oberoi has the recipe, the tempo of execution is significant.
