News: According to its Q3FY22 operations update, Oberoi Realty (ORL) has clocked Q3FY22, sales bookings of 1.04 million sq feet (msf), up ~136% QoQ and ~104% YoY worth Rs.1965 crore, up 137% QoQ and 102%% YoY. The sales volume/value is largely driven by launched Elysian Tower B in Goregaon in the last week of Oct’21 and had already sold inventory 0.4 msf worth Rs.787 crore within a week of the launch.
Views: Sales volume, excluding new launch are in similar range as last quarter and, thus, reflects sustained demand. Going ahead, Thane and completion of Worli project (wherein in sales has been sluggish) will be key drivers for growth.
ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470.I-Sec is a SEBI registered with SEBI as a Research Analyst vide registration no. INH000000990.. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The information mentioned herein above is only for consumption by the client and such material should not be redistributed.
The information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Securities Limited. The contents of this mail are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. While due care has been taken in preparing this mail, I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any inaccurate, delayed or incomplete information nor for any actions taken in reliance thereon. This mail is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject I-Sec and affiliates to any registration or licensing requirement within such jurisdiction