Oberoi Realty Confident Amid Market Rumours, Gears Up for Luxury Gurugram Launch- Key Highlights
- Oberoi Realty dismisses slowdown concerns, with Chairman Vikas Oberoi stating demand remains strong in key projects like Goregaon and Borivali, emphasizing that slowdown is developer-, location-, and product-specific.
- The company is set to launch its first Delhi NCR project in Sector 58, Gurugram, spanning 14.81 acres, with potential 2.6 million sq ft of luxury residential space.
- The project emphasizes top-notch design, luxury amenities, and efficient space usage, incorporating multiple rounds of market feedback to align with high-net-worth buyers’ expectations.
- Oberoi Realty expects plan approvals in 30–40 days, followed by RERA registration and immediate project launch.
- Despite a 30% YoY drop in collections and slower pre-sales due to no new launches, revenue and EBITDA margins remain stable, and commercial/retail assets see improved occupancy, supporting confidence in sustained luxury demand.
While there are rumours of the housing market cooling down overall, Oberoi Realty seems to be quite firm that they have not seen any drop in the demand. According to Vikas Oberoi, Chairman and Managing Director, the weakness in the market is only a matter of the specific developer, location, and product. Besides, he is quite positive about the company's existing as well as future projects.
Responding to questions on market trends, Oberoi said, “Not really because like I said that we have increased prices in Goregaon (project), we have increased prices in Borivali (project), and we don't see any slowdown there at all. So it's developer-specific, it's location-specific, and it's product-specific, all three. And we tick all the boxes, I feel”, as per HT.
Gurugram Project Launch
The company is preparing for its maiden project in Delhi NCR, a luxury upscale development in Gurugram, with apartments in the range of 5, 000 to 8, 000 sq ft. Oberoi Realty had bought 14.81 acres of land in Sector 58, Gurugram, for 597 crore in November 2023 and has the potential to develop up to 2.6 million sq ft of floor area.
During the company's Q3FY26 earnings call on January 20, Vikas Oberoi, while referring to the Gurugram project, pointed out that the emphasis was on design and quality:
Discussing the Gurugram project during the company’s Q3FY26 earnings call on January 20, Vikas Oberoi highlighted the focus on design and quality:
“In fact, it is more to do with the way we want the design to be. We have really worked multiple times, even in Delhi NCR. We have taken feedback from people with regards to what should be the depth of the deck. We started it with 8 feet and then we said no 8 feet probably would be too little. We pushed it to 10, then 12, and so on and so forth.”
He added, “Let me tell you it’s a dream to work in Gurgaon, approvals are a breeze. I think like a state it really helpful in terms of approvals. It’s just that we kept bettering our product, which we do all the time. So we have to change our plans, and these days it’s not like you can simply launch; there is so much of a process.”
Oberoi Realty expects to receive plan approvals within the next 30–40 days, after which it will apply for RERA registration and launch the project immediately.
As per Cushman and Wakefiled report, Delhi NCR recorded 14,248 new residential unit launches in Q4 2025, marking a 39% rise over the previous quarter, and 2.5X higher on a y-o-y basis. Gurugram witnessed 50% of the quarterly launches, while Noida and Ghaziabad contributed 29% and 16% share, respectively.
Total number of launches for 2025 stands at 41,358 units – an increase of 21% on yo-y terms. Majority of the launches in 2025 were seen in peripheral locations, such as Dwarka Expressway (27%), New Gurgaon (11%), and Yamuna Expressway (8%). Improved and hassle-free connectivity to the IGI Airport, affordability relative to central Gurgaon, and strong return prospects are driving residential activity in New Gurgaon and Dwarka Expressway. Robust infrastructure development, competitive pricing, and growth expectations surrounding the Noida International Airport are key factors for the heightened activity in Noida and Greater Noida.
Gurugram is a project that is aimed at being a smaller, more luxurious version of Three Sixty West, with a focus on top, notch amenities, quality of design, and efficient space usage. Oberoi remarked that the company has deliberately allowed time to evolve the plans through the feedback loop from the market, so that the project aligns with the aspirations of high, net, worth buyers.
Financial Performance and Market Context
As per ICICIDirect Research, Oberoi Realty has acknowledged a dampening of pre, sales run, rate in Q3FY26, which was caused by no new launches and lesser traction from projects such as Three Sixty West, Elysian, Enigma, and Sky City.
- Collections have decreased by 30% YoY (28% QoQ down) to 975 crore.
- The commercial and retail assets, including Commerz II & III and Sky City Mall, experienced a sequential rise in occupancy levels.
- Revenue booking and EBITDA margins remained broadly in line with expectations.
In spite of these statistics, Vikas Oberoi remains hopeful, pointing out that the company's good history, high, end product offerings, and niche market positioning give it the ability to handle short, term market changes.
The Gurugram project is considered a tactical move for Oberoi Realty in the luxury housing market of Delhi NCR. The company is using the residential high, end segment experience it gained from Mumbai to deliver homes that are not only well designed and of good quality but also perfectly meeting the expectations of buyers in the premium segment.
With approval of plans expected soon and the RERA process to follow shortly, Oberoi Realty is targeting a quick launch which shows that the company is confident about the uninterrupted demand of top notch luxury real estate in major urban markets of India.
Image source- oberoirealty.com
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