Oberoi Realty Targets $1.4 Billion Sales as India Luxury Home Demand Surges
Updated
Updated · Bloomberg · Jul 6
Oberoi Realty Targets $1.4 Billion Sales as India Luxury Home Demand Surges
3 articles · Updated · Bloomberg · Jul 6
Summary
135 billion rupees in sales is Oberoi Realty’s target for the fiscal year through March, with Chairman Vikas Oberoi saying that would more than double the developer’s sales value.
Two hours was all it took to sell out the first phase of the company’s high-end Gurugram project near New Delhi, which drew demand four times the available inventory.
Robust appetite for premium housing in India is driving the forecast, underscoring continued strength at the luxury end of the country’s property market.