Oberoi Realty Limited has appointed Babu John as Senior Vice President – Construction, effective June 17, 2026. The appointment is contractual in nature and subject to the company's employment policy. This strategic move aims to bolster the company's project leadership capabilities.

Babu John brings over 25 years of experience in Hospitality and Entertainment projects to the role. His expertise lies in Project Leadership, Strategic Planning, Project Lifecycle Management, and Operational Maintenance. A seasoned Mechanical Engineer, he is currently pursuing a Senior Management program at IIM Ahmedabad.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed the stock exchanges about the appointment through its Company Secretary, Bhaskar Kshirsagar.

Key Details of Appointment

John's extensive background in project lifecycle management is expected to strengthen Oberoi Realty's execution capabilities in its ongoing and upcoming construction projects. The appointment follows the provisions of Regulation 30 and Para A of Part A of Schedule III of the Listing Regulations.

Oberoi Realty has received an Equal-Weight rating reaffirmation from Morgan Stanley, with the global brokerage setting a target price of ₹1,440 on the stock. The rating comes alongside expectations of near-term upside over the next 60 days, underpinned by strong early traction in the company's Gurgaon Phase 1 residential project.

Gurgaon '360 North' Project in Focus

Morgan Stanley's near-term outlook is closely tied to the performance of Oberoi Realty's Gurgaon Phase 1 project, branded '360 North'. The brokerage has highlighted the project's significant scale and sales potential, with key metrics outlined below:

Near-Term Upside Expectations

According to Morgan Stanley, the strong traction observed in the '360 North' project is a key driver of the anticipated near-term upside over 60 days. The project's launch value of >₹3,000cr and potential sales of >₹2,500cr reflect the scale of the Gurgaon Phase 1 initiative. Additionally, the implied 56% YoY pre-sales growth in Q1FY27 signals robust demand momentum that the brokerage has factored into its assessment.

Morgan Stanley's Equal-Weight stance indicates that while the near-term catalysts are notable, the brokerage views the risk-reward as balanced at current levels relative to its target price of ₹1,440.