Oberoi Realty Secures MHADA Land Development Deal

has signed a development agreement with the Maharashtra Housing and Area Development Authority (MHADA) for a site in Aram Nagar, Versova, Andheri West, Mumbai. The project adheres to the Development Control and Promotion Regulations for Greater Mumbai, 2034, and anticipates Oberoi's free-sale component at approximately 17.18 lakh sq ft of RERA carpet area. This excludes the portion allocated for rehabilitating existing tenants and awaits necessary statutory approvals. In Q3FY26 results, the firm posted a modest 0.7% net profit rise to ₹622.6 crore on 5.8% revenue growth to ₹1,492.6 crore, though EBITDA margins slipped to 57.4% amid cost pressures. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.