Oberoi Realty is gaining momentum on the back of favourable macros, robust demand, and strategic positioning in the luxury housing segment. Here are the key triggers driving the stock:

  • Luxury segment dominance: The company reported that luxury projects contributed 58 per cent to Q2 revenues, strengthening margins and profitability. This focus has helped Oberoi Realty achieve its highest-ever margins and profits in 13 quarters.
  • Strong sales bookings: In Q2, sales bookings rose thirty-five per cent quarter-on-quarter and forty-nine per cent year-on-year. Key highlights include gross bookings worth Rs 1,348 crore at Oberoi Garden City, Thane.
  • Price growth supporting pre-sales: Average Selling Price (ASP) has shown significant growth of thirty to forty per cent over the past three to four years, supporting robust pre-sales. The management expects this trend to drive future growth.
  • New project pipeline: The company plans to launch new projects in Gurugram by September 2025, further expanding its footprint.

MSCI inclusion and upgraded targets

Oberoi Realty was included in MSCI’s November review, a move expected to enhance investor interest. Reflecting optimism, Morgan Stanley has raised its target price for the stock from Rs 1,900 to Rs 2,060, projecting a thirty per cent pre-sales growth forecast for FY25, up from twenty per cent earlier.

With favourable market dynamics and a clear growth strategy, Oberoi Realty is well-positioned for sustained performance, making it a stock to watch in the real estate sector.