Oberoi Realty

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Oberoi Realty Limited
TypePublic
BSE: 533273
NSE: OBEROIRLTY
ISININE093I01010
IndustryReal estate
Founded1980; 42 years ago (1980)
HeadquartersMumbai,
India
Area served
Worldwide
Key people
Vikas Oberoi
(Chairman and MD)[1][2]
ProductsOffices
Apartments
Shopping Malls[3]
Hotels
RevenueDecrease ₹2,093.84 crore (US$280 million) (2021)
Decrease ₹1,000.47 crore (US$130 million) (2021)
Increase ₹739.30 crore (US$98 million) (2021)
Total assetsIncrease ₹12,018.79 crore (US$1.6 billion) (2021)
Total equityIncrease ₹9,369.14 crore (US$1.2 billion) (2021)
Number of employees
620+ (2021)
SubsidiariesExpressions Realty
Kingston Hospitality and Developers
Kingston Property Services
Oberoi Constructions
Oberoi Mall
Triumph Realty
Perspective Realty
Websitewww.oberoirealty.com

Oberoi Realty is an Indian multinational publicly listed real estate development company headquartered in Mumbai, Maharashtra. The company is headed by Vikas Oberoi who is the Chairman and Managing Director of Oberoi Realty.[4] In 2010, the company got listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).[5]

History[]

Oberoi Realty was incorporated as Kingston Properties Private Limited in 1998. Oberoi Constructions Private Ltd. (OCPL) was incorporated under the Companies Act on 2 November 1993, in Mumbai.[6] OCPL is involved in the business of real estate development and related activities and is a 100% subsidiary of Oberoi Realty Ltd. The current name Oberoi Realty was adopted on 22 October 2009, to clarify the exact nature of business and operations. Immediately thereafter, the company became a "Public Limited" entity and consequently, the name was changed to Oberoi Realty Limited.[7]

Oberoi Garden City, the flagship project was developed in Goregaon East on an 80-acre land parcel. The company had acquired the land parcel in February 2002. By 2005, Oberoi Realty expanded into Andheri (West & East) and Mulund (West).[8] Besides developing real estate Oberoi Realty developed and completed a hospitality project, The Westin Mumbai - Garden City based on an operating agreement model. The hotel building (including fixtures and fittings) is owned by Oberoi Realty whereas the operations are handled by Marriott International under the Westin Hotels & Resorts brand. The hotel has been operational since May 2010.[9]

Notable projects[]

  • Oberoi Garden City is the company’s award-winning flagship project which is based on the concept of a "city within a city". The project includes 4 residential developments namely Oberoi Seven, Oberoi Woods, Oberoi Exquisite, and Oberoi Esquire.[10]
  • Three Sixty west by Oberoi Realty was the flagship project of the company in Worli, Mumbai.
Three Sixty West by Oberoi Realty located in Worli, Mumbai

Awards[]

In 2013

  • Great Indian Marketing Summit – Realty Conclave for Best Customer Engagement Program, The Elite Club.[11]
  • CNBC AWAAZ Real Estate Awards 2013.[12]
  • Great Indian Marketing Summit – Realty Conclave.[12]
  • Asia Pacific Property Awards.[12]
  • Realty Plus Excellence Awards 2013.[12]
  • 7th Employer Branding Awards.[12]
  • Asia Retail Awards 2013 – for 50:50 Single day Flash Sale event.[12]

See also[]

References[]

  1. ^ "Won't get a home below Rs20 lakh in city - Mumbai - DNA". Dnaindia.com. 17 December 2008. Retrieved 2 February 2011.
  2. ^ "65-floor fantasy tower will rise in Worli - Mumbai - DNA". Dnaindia.com. 25 April 2006. Retrieved 2 February 2011.
  3. ^ "The Hindu Business Line : Oberoi Constructions enters retail space, opens mall in Mumbai". Thehindubusinessline.in. 11 June 2008. Retrieved 2 February 2011.
  4. ^ Raghavendra Kamath / Mumbai (13 March 2008). "Rs 4,000 cr IPO as per Oberoi's plan". Business-standard.com. Retrieved 2 February 2011.
  5. ^ "Oberoi Realty: Oberoi Realty Charts for NSE, BSE, Stock Market Chart - NDTVProfit.com". www.ndtv.com. Retrieved 4 August 2020.
  6. ^ "Oberoi Constructions Private Ltd incorporated in Companies Act". ndtv.com.
  7. ^ "Company converted into public limited company". ndtv.com.
  8. ^ "Acquisition of development rights at Andheri and Mulund". ndtv.com.
  9. ^ "Westin Mumbai-Garden City, commenced its operations". ndtv.com.
  10. ^ "Excellence In Township Development award for Oberoi Garden City". NDTV Property Awards 2017.
  11. ^ "Great Indian Marketing Summit – Realty Conclave for Best Customer Engagement Program, The Elite Club". moneycontrol.com.
  12. ^ a b c d e f "Oberoi Realty: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Oberoi Realty - NDTVProfit.com". www.ndtv.com. Retrieved 13 August 2021.

External links[]

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