1 hr ago
Oberoi Realty sees quality-driven demand despite residential market challenges
Vikas Oberoi said many people still want to buy homes in good locations.
Buyers are especially interested in developers they trust to finish projects.
Oberoi Realty plans to launch homes only when approvals and preparations are complete.
Oberoi said expensive homes are not all the same.
Special homes in scarce locations may still sell well, while ordinary luxury projects may struggle.
He sees old buildings in Mumbai as an opportunity for redevelopment.
Such projects can take a long time because developers need agreement from residents and officials.
He also said the West Asia conflict has had little direct effect on the company so far.
Vikas Oberoi said demand remains strong for trusted projects in preferred locations.
Oberoi Realty is launching projects selectively after securing approvals and assessing market conditions.
Oberoi said differentiated luxury properties continue attracting buyers, while similar high-end projects face pressure.
The company views Mumbai redevelopment as a major opportunity despite consent and approval challenges.
Oberoi said West Asia uncertainty has limited direct impact because its business is domestic and end-user driven.
- Who
- Vikas Oberoi, chairman and managing director of Oberoi Realty, discussed the company’s strategy.
- What
- Oberoi Realty is assessing residential demand, selective launches, luxury housing, redevelopment and external risks.
- Where
- The discussion focused on the Mumbai Metropolitan Region, Mumbai, and other markets including the NCR.
- When
- The interview addressed current residential markets and the company’s plans for FY27.
- Why
- The company is positioning itself for growth by emphasizing trusted products, disciplined launches, redevelopment and financial strength.
Market Caution
Oberoi Realty’s View
Luxury housing supply
Market Caution
Experts cited in the interview say Mumbai, Bengaluru and the NCR may face oversupply of properties priced above Rs 20 crore.
Oberoi Realty’s View
Vikas Oberoi said the pressure is concentrated in similar luxury projects, while genuinely differentiated homes in prime, scarce locations continue to attract committed buyers.
Residential market conditions
Market Caution
Approval delays and perceived market softness are prompting some developers to calibrate launches.
Oberoi Realty’s View
Oberoi Realty says it is following a disciplined approach, launching only when projects, approvals and market conditions are ready.
Mumbai redevelopment
Market Caution
Redevelopment projects face lengthy consent processes, rehabilitation obligations and approval timelines.
Oberoi Realty’s View
Oberoi views redevelopment as a major opportunity to renew Mumbai and unlock value, with established developers advantaged by their balance sheets and delivery records.
Key facts
- Company
- Oberoi Realty
- Executive interviewed
- Vikas Oberoi, chairman and managing director
- Core market
- Mumbai Metropolitan Region
- Launch policy
- Projects are launched after products are ready, approvals are secured and market conditions are considered.
- FY27 guidance
- The company is not providing forward-looking guidance on launches or gross development value.
- Redevelopment opportunity
- Mumbai’s ageing building stock creates a potentially large redevelopment market.
- External impact
- Oberoi said the direct impact of the West Asia conflict on the company is limited.
Quotes
Vikas Oberoi
Chairman and managing director of Oberoi Realty
“What we are seeing is a clear flight to quality, where established developers with a delivery track record continue to see steady traction while the broader market is more selective.”
financialexpress.com
“Our approach has always been disciplined rather than reactive. We launch when the product is ready, when the approvals are in place, and when we believe the market is right.”
financialexpress.com
Sources
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