Oberoi Realty, a Mumbai-based premium real estate developer, has reported a remarkable surge in gross bookings for the fourth quarter of FY26, totaling ₹1,673 crore. This figure represents a substantial year-on-year increase of 96.13%, compared to bookings of ₹853 crore in the same quarter last year. The growth trajectory is evidenced by the booking of 229 units during Q4 FY26, a notable rise from the 78 units secured in the corresponding quarter of FY25. The total carpet area booked during this period was 3,57,552 square feet, indicating a striking increase of 160.37% year-on-year.
In addition to the impressive annual growth, Oberoi Realty also showcased strong sequential performance. The booking value increased by 100.11% quarter-on-quarter, while the number of units booked rose by 76.15%. Furthermore, the carpet area booked grew by 92.17% compared to the previous quarter. For the entire financial year, the company reported total bookings of ₹5,447 crore, reflecting a modest year-on-year increase of 3.14%. However, it is important to note that the number of units booked for the year saw a decline of 24.86%, totaling 698 units, while the carpet area booked decreased by 10.61% to 11,47,557 square feet.
Oberoi Realty's performance stands out against a backdrop of mixed trends in the residential real estate sector in India. According to Knight Frank India, housing sales across major cities in the country fell by 4% year-on-year, totaling 84,827 units. This decline can be attributed to various factors, including affordability challenges, geopolitical uncertainties, and corrections in equity markets. Notably, key markets such as Mumbai, the National Capital Region, and Pune experienced year-on-year sales declines, even though the underlying demand drivers remained resilient.
Comparatively, peers in the real estate sector have also reported varying performance metrics. For instance, Godrej Properties announced total bookings of ₹34,171 crore in FY26, marking a 16% increase year-on-year with 17,515 units sold across 27 million square feet. Similarly, Lodha Developers reported pre-sales of ₹20,530 crore during the same period, reflecting a 16% year-on-year growth. These figures highlight the competitive landscape of the Indian real estate market, showcasing both challenges and opportunities for developers as they navigate consumer preferences and market dynamics.