Oberoi Realty records ₹8,109 crore bookings at Gurugram project

1 min read     Updated on 07 Jul 2026, 06:43 AM
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Reviewed by
Naman SScanX News Team
AI Summary

Oberoi Realty has achieved gross bookings of approximately ₹8,109 crore at Three Sixty North in Gurugram, marking its entry into the NCR market. The project, spread across 14.8 acres, recorded bookings for 13.52 lakh sq. ft. of RERA carpet area. CMD Vikas Oberoi highlighted the project's success as a testament to customer trust and the company's commitment to quality.

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Oberoi Realty has recorded gross bookings of approximately ₹8,109 crore at Three Sixty North, its first luxury residential development in the National Capital Region (NCR). The project achieved bookings for approximately 13.52 lakh sq. ft. of RERA carpet area, equivalent to 23.10 lakh sq. ft. of saleable area, marking a significant milestone in the company's expansion into North India. Located on Golf Course Extension Road in Sector 58, Gurugram, the development is spread across approximately 14.8 acres and aims to establish a new benchmark for luxury living in the region.

Project Overview and Specifications

Three Sixty North is a master-planned development comprising seven residential towers. The project includes landscaped open spaces, Club Three Sixty North, and a curated boulevard featuring retail and cafés. This configuration integrates thoughtfully designed residences with a comprehensive lifestyle experience. The development reflects Oberoi Realty's philosophy of creating landmark projects through distinctive designs and quality execution.

Key Project Metrics

The following table outlines the primary details of the Gurugram project:

Parameter Details
Project Name Three Sixty North
Location Sector 58, Golf Course Extension Road, Gurugram
Land Area 14.8 acres
Number of Towers Seven
Gross Bookings ~₹8,109 crore
RERA Carpet Area Booked 13.52 lakh sq. ft.
Saleable Area Booked 23.10 lakh sq. ft.

Management Commentary

Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, attributed the overwhelming response to the strength of the development and the trust customers have placed in the company over the past four decades. He stated that the entry into the NCR marks an important milestone in the company's journey driven by philosophy rather than geography. Oberoi emphasized that trust, quality, and disciplined execution transcend markets, reinforcing the company's confidence as it continues to build with a long-term perspective and an uncompromising commitment to excellence.

Historical Stock Returns for Oberoi Realty

1 Day5 Days1 Month6 Months1 Year5 Years
-0.38%+10.94%+21.59%+12.73%+5.51%+200.75%

Will Oberoi Realty leverage this success to acquire additional land parcels in other Tier-1 cities?

How will the capital-intensive NCR expansion impact the company's debt-to-equity ratio in the coming quarters?

Does this booking performance signal a shift in luxury demand momentum from Mumbai to the NCR market?

Oberoi Realty appoints Vaibhav Tomar as Executive Vice President

1 min read     Updated on 06 Jul 2026, 11:53 PM
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Reviewed by
Ashish TScanX News Team
AI Summary

Oberoi Realty Limited has appointed Mr. Vaibhav Tomar as the Executive Vice President - Construction effective July 6, 2026. The appointment is contractual in nature and subject to the company's employment policy. Mr. Tomar brings over 33 years of experience in project management and execution.

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Oberoi Realty has appointed Mr. Vaibhav Tomar as the Executive Vice President - Construction effective July 6, 2026. The appointment is contractual in nature and subject to the company's employment policy. This strategic move aims to bolster the company's construction and project execution capabilities with senior leadership expertise.

Appointment Details

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the appointment falls under the category of senior management personnel.

Profile of Mr. Vaibhav Tomar

Mr. Vaibhav Tomar brings extensive experience to the role, having worked in the industry for over 33 years. His background spans Hospitality, Residential, and Retail projects.

Particulars Details
Designation Executive Vice President – Construction
Date of Appointment July 6, 2026
Nature of Employment Contractual, subject to employment policy
Experience Over 33 years in Hospitality, Residential, and Retail projects
Expertise Project Management and Execution, Budgeting and Control, Contracts and Purchase Management, MIS and General Management
Education Civil Engineer from IIT Roorkee; Master’s degree from ISB Hyderabad

The disclosure regarding relationships between directors was noted as Not Applicable in the filing.

Historical Stock Returns for Oberoi Realty

1 Day5 Days1 Month6 Months1 Year5 Years
-0.38%+10.94%+21.59%+12.73%+5.51%+200.75%

How will Mr. Tomar's appointment impact Oberoi Realty's project execution timelines over the next 2-3 years?

Could this leadership change signal a strategic shift towards expanding in the hospitality or retail sectors?

What are the expected cost efficiencies or budgetary improvements under Mr. Tomar's expertise in contracts and purchase management?

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