July 30, 2024: Oberoi Realty on July 29 entered into a development agreement for development and redevelopment of land measuring approximately 2,576 sqm, situated at Carter Road, Bandra (West), Mumbai, the company mentioned in a National Stock Exchange (NSE) regulatory filing.
According to the filing, Oberoi Realty expects to generate a free sale component of around 40,000 square foot (sqft) of RERA carpet area from the development and redevelopment of the land.
This redevelopment is as per the extant provisions of Development Control & Promotion Regulations for Greater Mumbai, 2034.
According to the results for Q1 FY25 announced by the company, it recorded a consolidated revenue of Rs 1,441.95 crore as against Rs 933.56 crore for Q1FY24. EBITDA was at Rs 815.05 Crore for Q1FY25 as against Rs 473.73 crore for Q1FY24. The consolidated Profit After Tax (PAT) for Q1FY25 is Rs 584.40 crore as against Rs 321.36 crore for Q1FY24.
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