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Oberoi Realty sales bookings down 53 pc to Rs 4,007 cr in FY24 on high base

Oberoi Realty's sales plummeted 53% to Rs 4,007 crore last year, with 705 units sold for the same amount in 2023-24. The company focuses on luxury residential projects as a leading real estate developer.

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The real estate sector is getting a reality check with the rising rates

Interest rates are on the rise and investors in real estate stocks are on shaky ground. History suggests when interest rates are high, sales take a hit. Rate hikes beyond 150 bps hurt residential real estate sales, an analysis by Motilal Oswal Financial Services Ltd showed

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