Vikas Oberoi Confirms Active Evaluation of Land Acquisition Opportunities in Noida and Gurugram for NCR Expansion

NCR Expansion Gains Pace

Beyond its core presence in the Mumbai Metropolitan Region, Oberoi Realty is actively pursuing growth in the Delhi NCR market, with the company evaluating further land acquisition and development prospects in both Gurugram and Noida.

During the Q1 FY27 earnings call, Chairman and Managing Director Vikas Oberoi stated that business development is an ongoing process, signaling a long-term commitment to geographic diversification beyond its traditional stronghold in Mumbai.

Three Sixty North Milestone

The company recorded gross bookings of approximately ₹8,109 crore at Three Sixty North in Gurugram, its first luxury residential development in the National Capital Region. The project spans about 14.81 acres in Sector 58, on Golf Course Extension Road, with 7 towers and a mixed-use design including a high-street shopping stretch called The Boulevard, a grand clubhouse, green open spaces and a school.

Homes come as 4 BHK of 5,600 sq.ft and 5 BHK of 8,500 sq.ft, with just one home per floor, 13-foot ceilings and deep balconies.

Strategic Positioning in Mumbai's Footprint

Oberoi Realty Limited was incorporated in 1998 and is headquartered in Mumbai, India. The company develops and sells residential, commercial, retail, hospitality, and social infrastructure projects, and also leases commercial properties and owns and operates a hotel.

With over 51 completed projects spanning four decades and a current residential portfolio that stretches from Worli to Borivali and now into Gurugram, the developer maintains a track record established across India's premium segment. Competitive strengths include consistent delivery track record in Mumbai, integrated township capability, hospitality and retail integration within projects, listed-company transparency, and strong balance sheet.

Earnings Call Context

Vikas Oberoi stated that the company was overwhelmed by the response to Three Sixty North and plans to launch the next phase strategically next year. He emphasized that margins are maintained through strategic land acquisition and product planning, and the company is confident in sustaining high sales volumes and quality.

The company reported consolidated net profit of ₹543.51 crores for Q1 FY27, declining 22.72% quarter-on-quarter but advancing 29.02% year-on-year, with net sales rising 31.73% year-on-year.

Broader Portfolio in Motion

The Adarsh Nagar project is expected to launch in Q3 FY27, pending final approvals, with the company working on building approvals and aiming for a timely launch. For FY 2027, Oberoi Realty plans to launch Aurelius on Peddar Road, two towers at Pokhran Road and Kolshet in Thane, and an Alibaug project.