02-Dec-2023Today's Market Indicators

Oberoi Realty hits record high after launching luxury residential project in Thane
(15:37, 21 Nov 2023)
The said project spread across 18 acres and Forestville will consist of 5 residential towers. The company has launched the first phase of this development consisting of 3 towers. The apartments at Forestville will comprise predominantly of spacious 3 bedroom apartments starting from 1,090 sq ft at approximately Rs 1.87 crore onwards.

Forestville brings the natural environment closer to homes, and also provides a host of amenities for wellness, entertainment, sports and fitness that outline contemporary luxury living.

Vikas Oberoi, chairman and MD, Oberoi Realty said, We are excited to foray into Thane with Forestville by Oberoi Realty at Kolshet. We have transformed locations into destinations and now are poised to change the landscape of Thane. By combining cutting edge design, space planning and biophilic design principles, we aspire to promote healthier lifestyles, an enhanced quality of life and eco-conscious living at Forestville by Oberoi Realty.

Oberoi Realty is India's leading real estate development company, headquartered in Mumbai. The company focused on premium developments in the residential, office space, retail, hospitality, and social infrastructure verticals.

The company's consolidated net profit increased 43.4% to Rs 456.76 crore on 76.8% jump in net sales to Rs 1,217.41 crore in Q2 FY24 over Q2 FY23.

The scrip hit an all time high at Rs 1,415 in intraday today.

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